Portfolio management is the process to prioritize and plan projects.\u00a0In IS&T, we manage the project portfolio in partnership with \u201cPortfolio Managers\u201d who represent the major organizations throughout the university.<\/p>\n
When someone in the university has a new project request, they should first review the new project request with the appropriate Portfolio Manager<\/a>. The Portfolio Manager will evaluate the value of the project to the organization, impact on other stakeholders in the university, timing versus other needs in the organization, etc. If the Portfolio Manager supports the new project request, the project request should be entered<\/a> into IS&T\u2019s project tracking system<\/a>. For more\u00a0information on submitting project requests, please see our Project Portfolio Management<\/a> page.<\/p>\n IS&T will work with the client to develop a project proposal for the new project request. This involves understanding the requirements, conducting the vendor selection (if applicable), and drafting the solution approach, so that the total resource needs, costs, and timing for the project are understood and described in the project proposal.<\/p>\n If the project total costs (internal IS&T resource costs plus external costs) are below the governance committee threshold (see below), then the Portfolio Manager reviews the project proposal and decides whether to approve the project. If the total costs exceed the governance threshold, then the project needs to be reviewed through the appropriate IS&T Governance Committee.<\/p>\n Large projects, that exceed one or more of the following thresholds, need to be reviewed by the appropriate Governance Committee<\/a>, and in most cases, approved by the University Budget committee:<\/p>\n Most large project proposals are reviewed by the governance committees during IS&T\u2019s Annual Planning and Budgeting process.\u00a0During this annual process, project proposals are vetted and reviewed by the governance committees during the summer and early fall, and submitted to the University Budget Committee as part of the IS&T Budget proposal in late fall. The governance committees play an important role in reviewing and scoring the project proposals based on the following criteria:<\/p>\nApproval for Large New Projects through the Governance Committees<\/h2>\n
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