Strategic Investment Management capabilities apply the disciplines of asset portfolio management to business technology and other productive assets. It translates strategy into action by subjecting all initiatives to a consistent framework for approval and prioritization, requiring each to show why it is a superior investment in the mix of possibilities. Companies mature in this area have repeatable processes for sponsoring, selecting and managing initiatives, with a standardized means of structuring programs and projects to ensure they are managed in accordance with enterprise standards. They have a standard way of determining both the demand and the supply of resources - human, financial, fixed, and other - for future initiatives of the enterprise; and, there is a management entity that actively monitors and manages the performance of those initiatives, which serves as the "early warning" system for elevating issues to upper management and the board.
