How do you plan and execute IT portfolio transformation and change management?

1 Assess your current IT portfolio maturity

Before you start transforming your IT portfolio, you need to assess your current IT portfolio maturity level and identify the gaps and opportunities for improvement. A IT portfolio maturity model and assessment tool can help you evaluate your IT portfolio across different dimensions, such as alignment, governance, optimization, innovation, and agility. Based on the assessment results, you can determine your target IT portfolio maturity level and prioritize your transformation initiatives.

2 Define your IT portfolio vision and roadmap

Once you have a clear picture of your current and desired IT portfolio maturity levels, you need to define your IT portfolio vision and roadmap. Your IT portfolio vision should articulate your strategic objectives, value proposition, and guiding principles for your IT portfolio. Your IT portfolio roadmap should outline the key milestones, deliverables, and timelines for your transformation initiatives. You should also align your IT portfolio vision and roadmap with your business strategy and stakeholder expectations.

3 Design and implement your IT portfolio architecture

The next step is to design and implement your IT portfolio architecture, which is the structure and configuration of your IT assets, services, and capabilities. Your IT portfolio architecture should support your IT portfolio vision and roadmap, as well as your business requirements and standards. You should also consider the interdependencies, risks, and trade-offs among your IT portfolio components. To implement your IT portfolio architecture, you may need to acquire, develop, integrate, or retire some IT assets or services.

4 Manage the change impacts and benefits

Transforming your IT portfolio will inevitably create some change impacts and benefits for your organization, users, and customers. You need to manage these impacts and benefits effectively to ensure a smooth transition and a positive outcome. You should develop a change management plan that covers the communication, training, support, and feedback mechanisms for your stakeholders. You should also monitor and measure the change outcomes and benefits using relevant metrics and indicators.

5 Review and update your IT portfolio regularly

Finally, you should review and update your IT portfolio regularly to ensure its alignment, optimization, and performance. You should conduct periodic IT portfolio reviews to evaluate your IT portfolio against your vision, roadmap, and objectives. You should also collect and analyze feedback from your stakeholders and customers to identify any issues or opportunities for improvement. Based on the review findings, you should adjust your IT portfolio accordingly and communicate the changes to your stakeholders.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?