Title
Technology Portfolio Management Tool
Action
Action:
A. Approve a contract with Decision Lens Inc. to provide, implement, and maintain investment portfolio software,
B. Authorize the City Manager to approve price adjustments and amend the contract consistent with the purpose for which the contract was approved, and
C. Authorize the City Manager to purchase such additional software licenses, services, hardware, maintenance, and support as required to maintain the system for as long as the city uses the system.
Body
Staff Resource(s):
Reenie Askew, Innovation and Technology
Brad Dunkle, Innovation and Technology
Explanation
§ The city will implement a portfolio management tool to manage and prioritize the citywide technology investment portfolio.
§ The portfolio management tool will be used for:
- Technology investment portfolio management,
- Existing investment/application portfolio management, and
- Technology planning.
§ Having accurate portfolio information better equips the city to allocate limited funds to the most critical needs.
§ On May 6, 2019, the city issued a Request for Proposals (RFP); six responses were received.
§ Decision Lens Inc. best meets the city’s needs in terms of qualifications, experience, cost, and responsiveness to RFP requirements.
§ Total annual expenditures are estimated to be $80,000.
Charlotte Business INClusion
Per Charlotte Business INClusion Policy: Part C: Section 2.1(a) The city shall not establish Subcontracting Goals for Contracts where: (a) there are not subcontracting opportunities identified for the Contract; or (b) there are no SBEs or MBEs certified to perform the scopes of work that the city regards as realistic opportunities for subcontracting.
This contract meets the provisions of (a) - No subcontracting opportunities
Fiscal Note
Funding: Innovation and Technology Operating Budget