This document discusses project portfolio management and collaborative decision making for IT investments. It proposes a 6-step workflow to maximize the value of projects, including defining value based on 5 pillars (strategic alignment, impact on processes, infrastructure agility, cost/benefit, and risk), defining rules and an organization decision mechanism for the project portfolio, setting service level objectives, measuring and monitoring, optimizing the portfolio, and negotiating a benefit realization plan. An example process called Rithm of Business is presented for organizing an organization decision mechanism. The goal is to move IT from a cost center to a value building center by doing more projects with less through governance and collaborative decision making.