Understanding the business goals and the ability to identify business critical challenges is crucial to make the right strategic choices for the company. It’s important for the technology department to support the business strategy and in some cases the technology may even drive new business models.
Agility is a common business term that is used frequently these days to measure how fast business will respond to opportunities or threats. Enterprises are even having key agility indicators. IT Agility is about how IT will enable business agility, how fast IT will deliver the required effectively and efficiency. The more alignment between business and IT, the more level of agility for both will be achieved. This is key in a VUCA world, a volatile, uncertain, complex and ambiguous world.
Portfolio management can help to select the right products and services, by implementing the necessary projects and programs: Doing the right things !