In cost cutting measures, often times IT departments are targeted, in order to preserve funding in other vital departments.

As IT departments look to create leaner spending, there are a set of tactics that can be essential to effective IT portfolio optimization:

• Streamline existing assets. Regularly assess assets by cost, value and risk to identify technology candidates ready for retirement.

• Minimize waste from new investment. Your IT team should be enhancing the value of new investments throughout projects’ life cycles.

• Encourage a culture of reuse and shared-services delivery. All organization can encourage sharing and reuse at the system and asset levels.

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