Strategic Alignment. Value Realization. Execution Discipline. Professionalism. All Are Key to Consistent Delivery.
Program management is about execution and delivery---doing projects right
Good portfolio management increases business value by aligning projects with an organization’s strategic direction, making the best use of limited resources, and building synergies between projects.
Unfortunately, organizations often do portfolio management poorly. As a result, they fail to deliver strategic results because they attempt the wrong projects or can’t say “no” to too many projects.
The five primary steps of the portfolio management process include:
1. Clarify business objectives
2. Capture and research requests and ideas
3. Select the best projects using defined differentiators that align, maximize, and balance
4. Validate portfolio feasibility and initiate projects
5. Manage and monitor the portfolio
To select the high impacting projects, you need to first establish criteria such as ROI, risk, efficiency, or strategic alignment to prioritize your investments. If you’re team is struggling with identifying the right projects to take on, execute the projects with clear timelines and outcomes then we can help with our proven framework and approach to this challenge.