IST 301 - Exam 2 ITPM Questions And Answers 100% Verified 2024

IST 301 - Exam 2 ITPM Questions And Answers 100% Verified 2024 What are the three pervasive problems with IT projects? - answerLate delivery, overbudget, does not meet business requirements What is the relationship between corporate strategy and IT investments? - answerInvestments in IT should align with the corporate strategy What is IT portfolio management (ITPM)? - answerManaging IT as a portfolio of assets like a financial portfolio What are the risks associated with an IT project? - answerdelays, cost overruns, strategic misalignment, end-user acceptance What are the dimensions of the IT portfolio? - answerValue to the the business (vertical), Risk (Horizontal) What are the top 10 benefits of the ITPM process? - answer1) improved business-strategy alignment 2) centralized control 3) cost reduction 4) communication with business executives 5) improved ROI 6) improved customer service 7) professional respect 8) competitive advantage 9) IT integration during mergers and acquisition 10) improved decision making What are the implementation hurdles of ITPM? - answerMetrics and Measurement Process, Skills and Resources, Business Alignment