After a project is successfully implemented, the resulting systems may be operational for several years. IT enhancements are often run as a series of small projects. Businesses generally want more enhancements than is affordable. Based on economic and technical feasibility considerations, and frameworks like the Balanced Scorecard, describe a process for deciding how you would plan to keep systems and the skills of your staff up to date. The following resources may help you:

• Read: Chapter 13 – Project Management and SDLC (PowerPoint)
• Video: This video explains the difference between project management and portfolio management.What is Portfolio Management vs. Project Management? (Links to an external site.)
• Video: This video describes managing a portfolio of projects.Project Portfolio Management Defined (Links to an external site.)