Alice.pdf - Serbian Journal of Management 12(1(2017 143 155...

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1. INTRODUCTION The CIO (Chief Information Office) organization needs to provide daily support to the business through information technology processes. The business areas are under significant pressure to be competitive on the market. Being able to respond rapidly to change is a key factor for market success. Following the changes in the business and its requirements with information technology upgrades and development needs to be managed quickly and efficiently. This article will show using various case studies and one interview with a multinational company to prove the REDUCING IT COSTS AND ENSURING SAFE OPERATION WITH APPLICATION OF THE PORTFOLIO MANAGEMENT Alice Lívia Mozsár Kovácsné Óbuda University, Faculty of Economics Károly Keleti, Tavaszmezo str. 17, Budapest, Hungary (Received 23 July 2016; accepted 2 February 2017) Abstract Large companies need to give focus on their cost components related to their information technology. Business growths is supported by their IT and hundreds or thousands of applications worldwide. Top level management needs to focus more on their information strategy and the applications they need to manage. A structured and transparent application landscape supports not only the current business but it also enables faster business growth for the future as well. Structuring and organizing the applications related to the various risks supports secure business and information operations within a company. Capturing the applications gives the companies an overview of their information costs and provides the possibility of measurement and control of their IT costs elements. Application portfolio management and information security management are important elements of the corporate strategies. Keywords: application portfolio management (APM), application portfolio risk, risk, information management, information security management, Information Technology Infrastructure Library (ITIL v3) * Corresponding author: [email protected] S e r b i a n J o u r n a l o f M a n a g e m e n t Serbian Journal of Management 12 (1) (2017) 143 - 155 DOI: 10.5937/sjm12-11452
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importance of application portfolio management, cost benefit analysing and risk factors related to applications for large companies. Application portfolio management is an area of the IT responsibilities. APM has dynamic and constantly changing management area that requires continued cooperation between business, IT projects, program managers, business architects, IT architects, and business stakeholders. Less effective, underutilized applications cannot bring real value to the business. More than 100 CIO’s globally were surveyed in 2011 and 85% of the organizations stated that they need to rationalize their application portfolios (Capgemini, 2011). Chief Information Office (CIO) is one organizational area within companies with many different roles and responsibilities and they support the business areas with information technology processes and with IT systems.
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  • Fall '16
  • SANDEEP
  • Information technology management, application portfolio, A.L. Mozsár Kovácsné

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