Information Management Best Practices: Strategies, Tactics, And Tools For Vendor Portfolio Management

Corporate and government information management (IM) budgets have risen sharply since 2003 and are projected to exceed $1 million on average in 2007. Vendor portfolio management has become a growth discipline as IM leaders are squeezed between the rising need for content and the pressure to buy the “right” content to provide good ROI. This Briefing updates data from a 2005 Outsell study with information from leading vendor portfolio management practitioners we contacted. The Briefing:

- Provides key benchmark data about content budgets and vendors from 2004-2007 (projected) in corporate and government organizations;
- Lists usage-tracking and contract-management software tools, including features and target audience, with examples of how best-practice IM functions are incorporating them;
- Details Outsell’s nine-step strategic vendor portfolio management process;
- Lists essential actions for information managers engaged in vendor portfolio management.