A CEO is concerned that IT costs have significantly exceeded budget without resulting benefits.

Implementing an IT portfolio management policy would best enable remediation of this situation because it would help the organization to establish and adopt a process for measuring and monitoring the value of IT investments. This process would let the organization manage IT investments similarly to a financial portfolio by balancing potential returns, determining if an investment fits the business objectives, and performing a risk assessment. An IT portfolio management policy would also help to avoid overlap and duplication of IT projects by providing a clear and consistent way of prioritizing, categorizing, and aligning them with the enterprise strategy and goals. An IT portfolio management policy would also facilitate the evaluation and reporting of IT performance and benefits realization