IT Portfolio Management to Support Annual IT Budgeting

Annual budgeting for IT portfolio management is often mismanaged for one reason – lack of knowledge. In many organizations, IT departments do not understand budgeting while the finance and budgeting team does not understand the requirements of the IT department. This problem can be remedied by changing the budgeting approach and adopting a meaningful management process. This technique involves a lot more than adding numbers and working with spreadsheets and includes department heads and leaders [...]