Monitor and control is one of the critical supportive activities for monitoring portfolio performance and recommending changes to the portfolio component mix and portfolio component performance and compliance with organizational standards. The purpose of monitor and control is to understand when changes need to be made to the portfolio or to the portfolio management processes. Read more about Learn Portfolio Monitor and Control[…]
Optimization is the process of making a portfolio as effective as possible by maximizing available conditions, constraints, and resources. Typically, the primary goal of portfolio optimization is to ensure that the available human, material, and financial resources are best applied to the appropriate remaining components of the portfolio. Although some organizations schedule regular optimization sessions, Read more about Learn Portfolio Optimization[…]
During periodic portfolio strategic planning, the portfolio business model is revisited to ensure that it is in alignment with customer values / benefits and business / organizational strategic goals. Initial optimization of the portfolio occurs as a result, because the portfolio is formally aligned to strategy during this phase. Portfolio metrics are reviewed to ensure Read more about Learn Portfolio Planning[…]
Initiation is an important stage. It is kicked off or informed by the formal release of business and/or organizational objectives and goals or to provide the management structure for previously disparate components. It sets the approach and principles for major processes that define how the portfolio and its components will be managed throughout the life Read more about Learn Portfolio Initiation[…]
The primary objective of Portfolio Risk Management is to make sure that portfolio components will achieve the best possible success according to the organization’s strategy and business model. From a risk perspective, this is done through the balancing of risks, both positive (opportunities) and negative (threats). The managing of risks below the portfolio level is Read more about Learn Portfolio Risk Management[…]
Portfolio Value Management ensures that investment in a portfolio delivers the required return as defined in the organizational strategy, which is an expression of the stakeholder direction in defining portfolio components such as projects and programs. To learn the Portfolio Value Management you need: Read the chapter ‘Portfolio Value Management’ in the Standard for Portfolio Read more about Learn Portfolio Value Management[…]
Portfolio stakeholders are the individuals, organizations, or groups that can affect, may be affected by, or perceive themselves to be affected by a decision, activity, or outcome of a portfolio. In addition, individuals, organizations, or groups that could affect the organization’s ability to achieve its objectives should also be treated as stakeholders. A large number Read more about Learn Portfolio Stakeholder Engagement[…]
The objective for Portfolio Capacity and Capability Management is to ensure that the portfolio’s capacity and capability demands are in alignment with portfolio objectives and can be supported or met by the organization’s resource capacities and capabilities, thus enabling successful portfolio execution and expected portfolio returns. To learn the Portfolio Capacity and Capability Management you Read more about Learn Portfolio Capacity and Capability Management[…]
Understanding and implementing an effective Portfolio Governance framework guides the portfolio decision-making processes in the interests of all stakeholders while adhering to the governance principles of the organization. To learn the Portfolio Governance you need: Read the chapter ‘Portfolio Governance’ in the Standard for Portfolio Management, 4th Edition (Chapter 4). Watch the videos: 3. Additional Read more about Learn Portfolio Governance[…]
Portfolio Strategic Management is the management of intended and emergent initiatives that are often identified at an executive level and provide the very fabric under which portfolio management is executed. It supports strategic thinking and is the basis for an effective organization or business unit. Strategic thinking simply means asking, “Are we doing the right Read more about Learn Portfolio Strategic Management[…]