Why is Enterprise Portfolio Management Important?. The Commonwealth must find ways to meet increasing demands through cost savings and increased productivity. Investment management can contribute to lower operating costs and the generation of internal capital.
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The Investment Business Case, as required for project planning and development approval, provides information necessary to evaluate a potential IT investment’s value and risk.
In the Commonwealth, Investment Business Cases are evaluated for:
Benefits to the CommonwealthHow are Business Cases Evaluated?
The Cost-Benefit analysis assists agencies in thinking through how solution options might avoid costs in the future or generate cost savings
Internally generated revenue is key in increasing return on investment
A mechanism to measure productivity gains should be explored in the future (not currently in place today)Financial Perspective - Cost-Benefit Analysis