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Fostering IT-Based Innovations through Innovation-Conducive IT Project Portfolio Management

Excerpt

IT organizations are facing a changing understanding of their responsibilities and their role in companies. They are no longer just seen as IT service providers but as business-oriented drivers for innovations which have an impact on the business concept. Oftentimes IT enables innovations and is a decisive factor for the business development and the competitiveness. In this context, the central task of IT management is to ensure an innovation and value increasing use of IT. By an efficient management of the IT project portfolio, IT organizations can help to establish a more innovative company. Therefore, this research paper reveals how this portfolio ideally should be designed in order to encourage IT-based innovations. For this purpose, a literature review and an expert survey have been conducted. Altogether 14 experts - IT department manager, IT business unit manager as well as IT consultants - have been interviewed. As result of our research, four factors for an innovation-conducive management of the IT project portfolio have been identified. These are (1) sufficient supply of IT project resources for the implementation of business strategy, (2) sufficient supply of resources for IT innovation projects, (3) creation of project teams with fundamental IT and business knowledge and (4) extensive involvement of business departments into the IT project portfolio management process.

  • Abstract
  • Keywords
  • 1. Significance of It for Innovations
  • 2. Characteristics of the IT Project Portfolio
  • 3. Research Methodology
  • 4. Factors for an Innovation-Conducive IT Project Portfolio Management
  • 5. Conclusion
  • References
Topics: Innovation

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