The IT steering committee has asked the CIO to suggest adjustments to the current IT project portfolio to allow support for the new direction despite fewer funds. What should the CIO advise the committee to do FIRST?

December 11, 2021 by Admin

Facing financial struggles, a CEO mandated severe budget cuts. A decision was also made to immediately change the enterprise strategic focus to put more reliance on mobile, cloud, and wireless services in an effort to boost revenue. The IT steering committee has asked the CIO to suggest adjustments to the current IT project portfolio to allow support for the new direction despite fewer funds. What should the CIO advise the committee to do FIRST?

  • Start re-allocating budget to projects involving mobile or cloud
  • Cancel projects with a net present value (NPV) below a defined threshold
  • Conduct a risk assessment against the potential new services
  • Ask business stakeholders to discuss their vision for the new strategy

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