Over the years, I have performed dozens of data warehousing assessments. During these assessments, clients are routinely asked how much they spend annually on data warehousing. Most cannot accurately estimate what they actually spend. In order to manage these costly IT initiatives, it is critical to measure each one, but it is impossible to measure what most companies do not understand. This is where IT portfolio management enters the picture.

IT portfolio management is the formal process for managing IT assets. An IT asset may be software, hardware, middleware, an IT project, internal staff, an application or external consulting. As with other new disciplines, many companies are not setting up IT portfolio management efforts correctly. Following are some of the keys to building successful IT portfolio management applications.

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