Impact of Multi-Cloud Strategies on Program and Portfolio Management in IT Enterprises
Biswanath Saha, Er. Raghav Agarwal · Journal of Quantum Science and Technology. · 2024
Multi-cloud strategies have become very attractive to IT enterprises in recent years, while these organizations are looking for ways to optimize their infrastructure and improve their business agility. This research will find out the effect of multi-cloud adoption on program and portfolio management within IT enterprises. The benefits of using multiple cloud providers are seen in the way an organization reduces its dependence on a single vendor, improves service availability, and develops tailor-made solutions to specific business needs. Implementation of multi-cloud strategies brings added complexities in integration, cost management, and governance—all of which are critical components of program and portfolio management. This study investigates how multi-cloud adoption influences the decision-making processes, risk management, and resource allocation of IT enterprises in their project and portfolio management frameworks. It also explores the challenges that enterprises face in coordinating across various cloud environments with regard to consistency, security, and compliance. Further, the research points out how multi-cloud strategies influence the alignment of IT projects to broader organizational objectives and, thereby, the delivery of value across portfolios. Through a combination of qualitative interviews and quantitative data analysis, this paper provides insights into how multi-cloud adoption can optimize or complicate the management of IT projects. The findings suggest that while multi-cloud strategies offer opportunities for increased flexibility and cost-efficiency, they also require sophisticated management approaches to mitigate risks and ensure seamless execution. The research concludes by offering recommendations for organizations looking to integrate multi-cloud solutions into their program and portfolio management practices