While project managers are focused on “getting the project done right” Portfolio Managers must focus on “getting the right projects done”. This places the role of the Portfolio Manager in a very key position that helps drive strategy in an organization. So how does the Portfolio Manager accomplish this?
* Develop a process for prioritizing all projects across the organization
– A key technique for doing this is to develop a scorecard that is aligned to the organizations strategic objectives.
– Force ranking the project list utilizing the above mentioned scorecard
* Ensuring that the portfolio has the best chance of success by allocating the organizational resources required to successfully deliver the projects
* Balancing the portfolio in such a way that short-term, mid-term, and long-term objectives are addressed in a reasonable mix that satisfies project sponsors.
* Track the implementation and benefits against initial estimates
* Manage the portfolio with an end-to-end governance process that periodically reviews and reassesses the direction of the portfolio.
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In the coming months we will be releasing a Portfolio Management Module for MPMM which will be available in June 1st for $195. However, for just $125 you can take advantage of our special Pre-Order Sale by visiting our store and reserving a copy before May 1st ! |
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