24 Minutes

The need to bring order out of chaos is nothing new to organizations.

Technical complexity, increasing demand for new applications and services, and proliferating systems crowding the data center floor are routine.

So is the need to juggle ever-changing management priorities—and deal with the vagaries of the quarterly budget.

What’s new is the fact that project and portfolio management (PPM) now impacts business success in a visceral way.

The efficiency and effectiveness of PPM are directly related to bottom-line financial results—and poor PPM practices are not an option for business leaders.

Equally important, new trends and business conditions are increasing the pressure to implement better PPM practices.

We interview Bruce Randall to gain HP's perspective IT financial management.