The totality of an organization's investment (or segment therof) in the changes requirered to achieve its strategic objective.
Portfolio Management
A coordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual
The focus of portfolio management is delivery of the organization's strategy. It achieves this by ensuring that:
- Changes to business as usual are agreed at the appropriate management level and contribute to at least one strategic objective
- Strategic decisions are based on a clear understanding of cost, risk, impact on business as usual and the strategic benefits to be realized
- Resources and changes are prioritized in line with the current environment, existing changes, resource capacity and capability
- All changes are reviewed frequently in terms of progress, cost, risk, priority, benefits and strategic alignment.
- T
Explore the theory:
Learn how to:
- Create a Portfolio
- Add Programms, Projects and Products to a Portfolio
- Prioritize initiatives in the portfoli
Portfolio management aligns the delivery of programmes and projects with strategic objectives, business requirements and the organization's capability, it's capacity for change and its PPM maturity.
Portfolio management should consider not just those programmes and projects commitments comprising the organization's change agenda, in terms of resources, but should also consider the wider business picture, taking account of business as usual. only by understanding and appreciating the organization's full suite of committments, i.a. corporate, programme, project and business as usual, can a fully balanced business portfolio be achieved
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Portfolio management is the selection, prioritisation and control of an organisation’s initiatives, projects and programmes in line with its strategic objectives and capacity to deliver. The goal is to balance change initiatives and business-as-usual while optimising return on investment.
