Remove Enterprise Remove Key Performance Indicator Remove Metrics Remove Scorecard
article thumbnail

6 best practices for better vendor management

CIO Business Intelligence

Finding out which vendors are the best fit for meeting the short-term and long-term needs of the enterprise is vital. “We Develop a robust vendor partnership evaluation framework Companies should develop a set of standard vendor performance scorecards that are updated quarterly and reviewed with the vendor to provide feedback, Allen says.

article thumbnail

What is a project management office (PMO)? The key to standardizing project success

CIO Business Intelligence

According to the Project Management Institute (PMI), a PMO is essential for enterprises seeking to centralize and coordinate the management of projects throughout their life cycles. “A Another commonly recognized PMO type is the enterprise PMO (EPMO). An enterprise PMO can operate as a controlling, supportive, or directive PMO.

article thumbnail

Transforming IT for digital success

CIO Business Intelligence

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.”

IT 137