Technology Portfolio Management (TPM) Best Practices

Overview

Technology risks — security vulnerabilities, EOL exposure, vendor concentration risk, open source supply chain risk, version currency failures — are a significant category of organizational risk that belongs in the enterprise risk management framework alongside financial, operational, strategic, and regulatory risk. The connection between the Technologies Inventory and the Risks and Issues Inventories is what makes technology risk visible to enterprise risk governance.

Best Practice

For every material technology risk identified through TPM governance, create a corresponding risk record in the Risks and Issues Inventory that captures the risk, its severity, its connection to the affected Technologies Inventory records and Applications Inventory records, the risk owner, and the mitigation plan and timeline. Surface technology risk records in enterprise risk reporting alongside other risk categories, ensuring that technology risk is visible to leadership at the appropriate governance level.

Benefit(s)

The Risks and Issues connection produces two governance outcomes the Technologies Inventory and enterprise risk management cannot produce independently. Technology risks become visible to enterprise risk governance rather than remaining within the TPM program until they materialize as incidents. And enterprise risk governance decisions are informed by technology portfolio intelligence — the scope, severity, and mitigation timeline of technology risks are grounded in the adoption concentration, application dependency, and remediation complexity data that the Technologies Inventory provides.