Mastering Portfolio Management

Unlocking portfolio management starts by acknowledge these key imperatives

Too many organizations focus only on project execution. But it’s extremely difficult to drive transformation when execution is disconnected from strategy. By shifting the focus back to portfolio management – that second P in PPM – it’s possible to balance mastery of execution with the ability to deliver strategically across all investments. To do that, you’ll need to address these imperatives.

Gain Visibility Across All Work

Today’s PMO must address the Tri-Modal Reality – the fact that projects are executed in a variety of methodologies and tools across the enterprise – and develop capabilities to deliver visibility & insight across all work.

Derive Execution from Strategy (from projects to products)

Leveraging the right top-down investment approach (Project-, Program- or Product / Capability-Driven) enables you to prioritize all investment and provide a direct line-of-sight from strategy through execution.

Adopt a Continuous / Dynamic Planning Model

Move from a static annual planning model to a continuous or rolling-wave planning model will enable you to dynamically adjust priorities to reflect changing/emerging needs/strategy, and provide the agility to optimize spend and maximize value.

Scale Agile Across Your Business

Whether actively integrating Agile tools and work management into your organization, or simply trying to harmonize the wide variety of tools and methods with your overall approach to work governance, it’s critical you do so without impacting or slowing innovation.

Maximize Resource Utilization

Balance resource demand and supply and better utilize your most important assets, and develop the capabilities you need to better support your organization’s preferred execution technique(s).

Generate Cost Transparency

Become “CFO of your portfolios” by elevating the importance of financial data and more effectively integrate it across the entire project and program lifecycle, so you can treat every project/program as the business investments they are.

Generate Roadmaps to help visualize and manage dependencies across the enterprise

Automate and maintain strategic roadmaps to develop the ability to visualize, understand and manage the relationships between all investments and the strategic capabilities they are intended to impact.

Model the impact of any decision

In an uncertain world, it’s critical to be able to understand the impact of any change to your portfolio before you make it. It’s not enough to rely on static reports, you need the ability to run what-if scenarios , analyze changes from any angle and manage it all work across the tri-modal reality.

Business Intelligence & Analytics

Your PPM process is a vault of valuable information, but it can be a challenge to find the key. It’s critical to adopt the right tools and processes to help you unlock the insight you may be missing .