There’s a new Wild West to be tamed: all those (uncoordinated) data analytics projects sprouting throughout your organization.
The CIO’s role in IT project portfolio governance is well established. The 2004 book IT Governance, by Peter Weill and Jeanne Ross, captured the benefits of effective IT governance: higher return on assets, investments tied to strategic priorities, greater agility and reduced duplication. The principles of IT portfolio governance served as a road map for CIOs in taming what was often the Wild West of IT spending and decision-making in organizations where investments were not necessarily aligned with business strategies and often led to inflated expenses.
Author: Madeline Weiss And June Drewry