IT Portfolio Manager Job Description Template

Tatia Tatoshvili

Last updated on February 6, 2025 | 7 min read

Job Description Template

General overview of the role

An IT Portfolio Manager is responsible for overseeing and managing an organization’s technology projects, investments, and overall IT strategy to ensure alignment with business objectives and long-term growth. This role involves evaluating, prioritizing, and monitoring multiple IT projects, ensuring that resources are allocated effectively, risks are minimized, and costs are managed to maximize the overall value of the IT portfolio. By implementing strategic planning, governance frameworks, and execution methodologies, the IT Portfolio Manager plays a crucial role in driving operational efficiency, innovation, and digital transformation, ensuring that technology initiatives contribute to the company’s competitive advantage and long-term success.

Typical duties and responsibilities

• Manage the organization’s IT portfolio, including project selection, prioritization, and resource allocation.
• Develop and implement portfolio management processes and frameworks to align IT projects with business objectives.
• Work closely with business and IT stakeholders to define portfolio goals, project outcomes, and success criteria.
• Monitor project progress, assess risks, and make adjustments to portfolio plans to ensure on-time and within-budget delivery.
• Conduct portfolio reviews, presenting key metrics, risks, and recommendations to senior management and executives.
• Ensure efficient use of resources across multiple projects, balancing competing priorities and demands.
• Collaborate with project managers, IT teams, and business units to track the performance and health of individual projects.
• Manage budget allocation and spending tracking across the IT portfolio to ensure financial control.
• Drive continuous improvement of portfolio management processes, incorporating best practices and lessons learned.
• Ensure adherence to governance, compliance, and risk management standards in all IT initiatives.

Required skills and experience

• Bachelor’s degree in Information Technology, Business Administration, or a related field.
• 5+ years of experience in IT portfolio management, with a focus on technology projects and investments.
• Strong understanding of IT project management methodologies such as Agile, Waterfall, or Hybrid.
• Experience with portfolio management tools (e.g., Microsoft Project, Clarity, Planview).
• Strong financial acumen, with experience in budgeting and cost management.
• Excellent communication and interpersonal skills, with the ability to engage stakeholders at all levels.
• Proven ability to analyze and manage risks and issues across complex IT projects.
• Strong leadership skills and experience managing cross-functional teams.

Nice to have/preferred skills and experience

• Certification in portfolio management, such as PMP (Project Management Professional), PgMP (Program Management Professional), or similar.
• Experience managing large-scale, multi-year IT transformation or infrastructure projects.
• Familiarity with Enterprise Architecture frameworks and IT governance.
• Experience with business process management (BPM) and continuous improvement methodologies.
• Knowledge of industry standards and best practices in IT portfolio management.

IT Portfolio Manager salary

Salaries for IT Portfolio Managers depend on experience, industry, and location:

• Entry-level IT Portfolio Managers typically earn between $90000–$100000 annually.
• Mid-level professionals can earn between $115000-$140000 annually.
• Senior IT Portfolio Managers and those managing enterprise-level portfolios may earn $150000 or more annually.

How can I become a good IT Portfolio Manager?

• Develop a deep understanding of IT portfolio management principles and best practices.
• Gain experience with portfolio management tools like Microsoft Project, Planview, or Clarity.
• Stay updated on emerging IT trends and investment strategies.
• Master IT project management methodologies, including Agile, Waterfall, and Hybrid approaches.
• Obtain certifications such as PMP, PgMP, or ITIL to enhance credibility.
• Build strong leadership and stakeholder management skills to align IT investments with business goals.
• Conduct regular portfolio reviews and risk assessments to optimize project performance.

What are the key IT Portfolio Manager skills?

Hard skills

• Expertise in IT portfolio management tools (Microsoft Project, Clarity, Planview).
• Strong knowledge of IT project management methodologies (Agile, Waterfall, Hybrid).
• Experience with budgeting, financial analysis, and cost management.
• Ability to analyze project risks and performance metrics.
• Understanding of IT governance and compliance frameworks.

Soft skills

• Strong leadership and strategic decision-making skills.
• Excellent communication and stakeholder management abilities.
• Ability to balance multiple priorities and manage resources effectively.
• Strong problem-solving and analytical thinking skills.
• Detail-oriented with strong organizational and planning abilities.

Why join us as an IT Portfolio Manager?

• Be a key player in strategic IT decision-making and business-technology alignment.
• Collaborate with top executives and IT leaders to drive impactful initiatives.
• Enjoy opportunities for career growth, leadership development, and professional certifications.
• Work in a dynamic environment with cutting-edge technology and enterprise projects.
• Access competitive salaries, comprehensive benefits, and a strong work culture.

What we offer

• Extensive health and wellness coverage.
• Work-from-home options and flexible hours.
• Paid time off for vacations, holidays, and sick leave.

Here are a few more benefits that, according to Forbes, are valued by employees:

• Retirement savings plans with employer matching, such as 401(k) plans, are significant to employees.
• Early leave on Fridays.
• 4-day work week.
• Private dental insurance.

About us

We recommend including general information about the company, such as its mission, values, and industry focus. For instance, you could say:

“DevsData LLC is an IT recruitment agency that connects top tech talent with leading companies to drive innovation and success. Their diverse team of US specialists brings unique viewpoints and cultural insights, boosting their capacity to meet client demands and build inclusive work cultures. Over the past 8 years, DevsData LLC has successfully completed more than 80 projects for startups and corporate clients in the US and Europe.”

Explore sample resumes

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• IT Manager Resume Sample
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Contact DevsData LLC

If you’re looking to hire a qualified IT Portfolio Manager, contact DevsData LLC at general@devsdata.com or visit www.devsdata.com. The company’s recruitment process is thorough and efficient, utilizing a vast database of over 65000 professionals.

They are renowned for their rigorous 90-minute interviews to assess candidates’ technical skills and problem-solving abilities.

Additionally, DevsData LLC holds a government-approved recruitment license, ensuring compliance with industry standards and regulations.