The Commonwealth Technology Portfolio is a repository for agency information technology (IT) investments in the Commonwealth of Virginia. The Portfolio organizes agency inventory information from a business driven perspective. Information from the system will be used to:
- Support both Commonwealth and agency IT strategic planning
- Capture a current or "As Is" view of the Commonwealth IT architecture
- Facilitate migration planning towards a conceptual or "To Be" Commonwealth IT architecture
- Allow agencies to share information about their current portfolios
- Better inform the overall Commonwealth IT management process
As part of the Agency IT Strategic Planning process, each agency will develop, manage, and maintain an Agency Technology Portfolio. Agencies will use the Agency Technology Portfolio to support technology investment decisions including major technology procurements and projects.
Agency Technology Portfolio
The Agency Technology Portfolio is a repository for agency information technology (IT) investments. The Agency Technology Portfolio captures the "As Is" view of an agency's IT architecture and facilitates the identification of and migration to the "To Be" IT architecture. The identification of and migration to the "To Be" begins with a comprehensive analysis of the current Agency Technology Portfolio ("As Is" IT architecture), and an evaluation of the ability of the current technology portfolio to meet the business goals, objectives, and critical needs of the agency. The evaluation typically takes the form of a gap analysis of the "As Is" to the "To Be" and results in the identification of projects and procurements necessary to move the organization to the "To Be" state. This identification process is represented graphically below.
Although the IT Strategic Planning process begins with technology portfolio analysis, the agency will continuously manage and evaluate the technology portfolio. Assets are added to the technology portfolio through project implementations, procurements, and man-power reallocations. Assets are removed from the portfolio as a result of asset retirement, replacement, or man-power reallocations. As the portfolio is modified, it should be evaluated to ensure that the "As Is" and "To Be" states are accurately represented. Moreover, a gap analysis should be performed to assure the "As Is" and identified projects and future procurement are aligned to meet the business goals, objectives, and critical needs of the agency. The graphic below shows the life-cycle of the IT Investment Management (ITIM) process which relies on analysis of the agency portfolio.