Governance of Enterprise IT (CGEIT) Certification Practice Exam

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What does portfolio management and optimization aim to achieve?

Eliminate all IT investments
Ensure optimal balance and value from IT-enabled investments
Focus solely on cost reduction
Prioritize short-term gains over long-term strategy

The correct answer is: Ensure optimal balance and value from IT-enabled investments

Portfolio management and optimization aim to ensure an optimal balance and value from IT-enabled investments. This process involves evaluating and managing various IT projects and investments to align them with the organization’s strategic goals. The focus is on maximizing the overall value and benefits derived from the IT portfolio by judiciously selecting, prioritizing, and managing projects based on their risk, cost, and strategic alignment. A balanced portfolio considers a mix of projects that can provide short-term gains and long-term benefits while managing risk effectively. This approach helps organizations to not only achieve financial objectives but also to drive innovation, improve efficiency, and derive maximum value from technology investments. It emphasizes the importance of making informed decisions that support organizational strategy and resource allocation rather than purely focusing on short-term financial metrics or cost-cutting measures.