Disclaimer: We are using the generic frameworks below to guide our discussions with the CIO on Portfolio Management and Project Management at the University. They are not to be interpreted as adopted and/or mandated frameworks within the University.
Portfolio Management typically involves steps shown below:
With an Institutional Strategy in place, let us focus on taking in IT Projects, analyzing how they align with Strategy and then prioritizing Projects for execution. This life-cycle can be governed as shown below:
Note: Terminology used is standard terminology used across various industries. Terms and names will change as processes are customized to meet University specific needs.