If the goal of your organization is to provide the right IT/business services to your customers, whether internal or external, service portfolio management is a vital step towards meeting governance requirements and delivering value.
Companies have reported several advantages of service portfolio management, including an increased insight into the impact on the business performance with respect to provision of IT services and improvement in focus and productivity of the IT support staff. --   Microsoft®, Word™, Excel®, SharePoint® and Visio® are registered trademarks of Microsoft Corp. ARIS™ and IDS Scheer are registered trademarks of Software AG. Meaning and Objectives, What is Finance?

The main objectives of portfolio management in finance are as follows:-. What is Corporate Finance?

1). It contains present contractual commitments, new service development, and ongoing service improvement plans initiated by Continual Service Improvement. 3rd floor Main Characteristics of Checks, What is Crossing of Cheque ? The following are the basic operations of a portfolio management. It also includes third-party services which are an integral part of service offerings to customers. The service portfolio is there to manage the entire lifecycle of all the services. The service catalog gets its base for developing user information from the service portfolio. These objectives, if considered, results in a proper analytical approach towards the growth of the portfolio. Reviewing of every service design at regular intervals. Service portfolio management analyzes all the critical aspects required to provide high-quality IT services to the customers and investments required to build, operate and deliver the same. Importance In Modern Marketing, 5 m's of advertising and advantages of advertising, Quality Control Total Quality Management TQM Quality Circles. Definitions

Establishing a strategic partnership between the IT Company or organization and the business is the basic objective of service portfolio management. The main purpose of Service Models is to facilitate an understanding of what service components, assets and other resources are necessary to create the service, including their interactions. The objectives . Service portfolio explains the business needs and the response from providers to those needs. Service Portfolio Management is the process responsible for the assembly of an initial Service Design Package (SDP) for each service and its maintenance through the service life cycle. The objectives of portfolio management are applicable to all financial portfolios. In order to authorize each project to build, enhance or retire a service, a charter is required. The objectives of portfolio management are applicable to all financial portfolios. Portfolio Service Advisor, Customer Relationship Management It provides a meaningful and cost-effective alignment between the IT services and strategic goals for the business. Objective: The objective of ITIL Service Portfolio Management is to manage the service portfolio. Different Types of Banks - What are Various Kinds of Banks ? The Service Sponsor is the person or board responsible for the budget and specific costs related to a service. Overall the service portfolio management ensures enterprises take correct decisions in the form of investment, justifying the business case, and having a clear understanding or expected ROI.
Some of the risks faced by service portfolio management are: Customer pressure can lead to ill-informed decisions regarding which services to offer and invest in. Controlling the services which are offered, keeping a check on their conditions and levels of investment.

Running of every new service through a standardized set of procedures to ensure documentation of vital management related information. Also, there is a team for service portfolio management which is responsible for implementation of the entire designed process and everything associated with it. It leads to an increase in the ability of the company to cater to the end users. Definition - Kinds and Types of Cheques, What are Features of Cheques ? Change Proposals are typically created in. [2] R: Responsible according to the RACI Model: Those who do the work to achieve a task within Service Portfolio Management. Service portfolio also makes sure that services are defined clearly and linked to the achievement of business outcomes, thus ensuring that all design, transition and operation activities are in line with the value of services. ITIL V3 introduces the process for managing the Service Portfolioat the strategic level. VeriSM™ is a registered trademark of IFDC. There are 4 major phases of activity in service portfolio management: This phase involves collection and validation of the entire inventory consisting of all the existing and proposed services, including their business cases. Evaluate the services which are no longer in use and take decisions accordingly for their retirement. 3rd floor

Three categories of services which are there in Service portfolio are: In IT service management, the service portfolio shows the investment, which are made in an organization’s services, it also represents the value that services in return provide.

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