The CIO's role in IT project portfolio governance is well established. The 2004 book IT Governance, by Peter Weill and Jeanne Ross, captured the benefits of effective IT governance: higher return on assets, investments tied to strategic priorities, greater agility and reduced duplication. The principles of IT portfolio governance served as a road map for CIOs in taming what was often the Wild West of IT spending and decision-making in organizations where investments were not necessarily aligned with business strategies and often led to inflated expenses.
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