Project Announcement: Modern Information Technology (IT) Portfolio Management Improvement Initiative – Phase III

Debates exist on the best way to manage IT portfolios and to measure the value of IT investment. Companies invest billions of dollars on IT and yet the headlines of misspent money are not uncommon. IT portfolio managers are constantly challenged to properly, efficiently, and cost effectively manage their portfolios while dealing with criticisms of poor data quality, a lack of performance data, and misaligned IT governance and policy.

When it comes to IT PFM, industries within the maintenance and sustainment community, as well as the Department of the Navy (DON), face the same challenges mentioned above.

The objectives for Phase III of this project are to: 1) continue to mature and depict in a visually appealing manner, a streamlined DBS strategic roadmap that promotes consensus regarding DON business IT requirements and the technologies needed to satisfy those requirements; 2) improve the mechanism to help forecast business IT developments; 3) provide a framework to help plan and coordinate technology developments; and 4) successfully implement Business Capability Acquisition Cycle in the DON.

The results obtained from this project’s objectives will allow local and state municipalities, in addition to commercial industry, the opportunity to review the results and implement the proven techniques throughout their business processes.  As efficiency standards improve, operating and/or production costs will decrease, dramatically increasing the savings for taxpayers and consumers alike.

To learn more about this project contact We encourage the participation of Disadvantaged Business Enterprises (DBEs), including Minority Business Enterprises (MBEs) and Women’s Business Enterprises (WBEs).