Defining Optimization Criteria for IT Initiatives in Enterprise Governance
Question
An enterprise is undertaking a multi-year portfolio of IT initiatives to replace core accounting systems.
The program management team has developed a business case and is defining a roadmap for the initiatives.
Of the following, who should be responsible for defining the optimization criteria for the portfolio?
Answers
Explanations
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A. B. C. D.C.
The optimization criteria for a portfolio of IT initiatives to replace core accounting systems should be defined by the program management team. The program management team is responsible for the overall planning, coordination, and control of a group of related projects or initiatives aimed at achieving specific business objectives.
Defining optimization criteria is a critical aspect of portfolio management, as it ensures that the initiatives selected and prioritized align with the organization's strategic objectives and provide the most value with the available resources. The optimization criteria may include factors such as the expected return on investment (ROI), business alignment, risk management, resource utilization, and stakeholder satisfaction.
While the project management office (PMO) is responsible for overseeing and standardizing project management practices, they typically do not have the authority or responsibility to define portfolio-level optimization criteria.
The Board of Directors and IT steering committee are responsible for providing oversight and guidance for the organization's overall IT strategy, but they may not have the detailed knowledge and expertise required to define the specific optimization criteria for a portfolio of IT initiatives.
In summary, the program management team is the most appropriate group to define the optimization criteria for a portfolio of IT initiatives aimed at replacing core accounting systems. They have the necessary expertise, context, and authority to make informed decisions that align with the organization's overall strategic objectives.
