To keep pace with their peers and develop a better handle on the constantly changing information technology market, chief information officers need to master the core competencies of IT portfolio management and value management, suggests new research from META Group. These disciplines are key to changing the perception of IT as a cost center.

META Group research shows that 70 percent of IT organizations are still perceived as cost centers by their business counterparts, rather than as value centers. With a first-time downturn in technology spending forecast for 2002, CIOs face the daunting tasks of proving their leadership ability and effectively communicating the value of the IT organization to the business executives in their company.

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