IT projects need to be viewed as investments, and the sum of active project form an Investment Portfolio.
Viewed this way, we can then use well-known mathematical and economical models to reduce the risk of failure and maximize their
ReturnOfInvestment.
Also we need to strike a balance in our portfolio, ensure a suitable mix of short-term with longer term projects. In this manner we aim to realize a constant stream of returns, and that the organization need not have over/under investment in IT in any period.
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