The New Dynamic of Portfolio Management
Innovative Methods and Tools for Rapid Results
Murali Kulathumani
- 298 páginas
- English
- ePUB (apto para móviles)
- Disponible en iOS y Android
The New Dynamic of Portfolio Management
Innovative Methods and Tools for Rapid Results
Murali Kulathumani
Información del libro
This bold new text approaches project portfolio management from a fresh new lens of delivering immediate value. In today's hyper-paced business climate, the need for portfolio management has grown exponentially but the time to deliver results has dramatically shortened. This book recognizes that and explains how an impactful portfolio is attainable using a back-to-basics approach. It also walks readers through the actual implementation of each portfolio component using a popular platform called Smartsheet. Whether you already have a project portfolio, or are starting to build a portfolio from scratch, this breakthrough book will show you how to obtain a high-performing project portfolio without investing in expensive tools. The New Dynamic of Portfolio Management recognizes the need of a huge number of organizations for a simple, yet advanced portfolio that can be scaled based on your starting point. Every section of this practical desk reference provides guidance for getting your portfolio up and running quickly to achieve immediate results. It also presents a detailed look at successful portfolio governance; explores the important relationship between the portfolio office, CIO, and finance department; and supplies effective funding strategies for project portfolios. Key Features: Sequentially covers the essential capabilities of an effective portfolio and provides a logical construct of how the different capability areas interactProvides a complete understanding of all the building blocks of a portfolio, the critical success factors needed to achieve desired results, and the nuances involved in implementing themExplains how to effectively monitor and manage the performance of a portfolio, including balancing a portfolio, benefits realization, and annual planningAddresses problems portfolio managers often face when trying to roll out capability enhancements in their organizations
Preguntas frecuentes
Información
SECTION II
Implementing the Basic Portfolio
SECTION II INTRODUCTION: THE BASIC PORTFOLIO
WHAT IS A BASIC PORTFOLIO?
4
PORTFOLIO INTAKE AND ASSESSMENT
INTRODUCTION
WHAT IS PORTFOLIO INTAKE?
- Strategic fit: “Does this even belong in this portfolio?” Some project requests simply don’t belong. It’s best to screen them out at the intake stage.
- Resources needed: “What will it take to do this project?” Before we start on a project, we need to know what resources it will take. At a minimum, it needs to be tagged as small, medium, or large.
- Customer: “Who is the customer?” Capture which department or organization we’re doing this for.
- Estimated start date: “When do we expect this project to start?” Know when we expect to work on this project.
- Estimated finish date: “When do we expect this project to finish?” Know when we expect to deliver value.
- Goal alignment: “Which goals will be moved forward by doing this project?” It is vital to know what capabilities this project will add to our strategic roadmap.
- Benefits: “What is the ROI?” Are the benefits soft (e.g., productivity savings) or hard (e.g., revenue growth, actual cost reduction, etc.)? Know exactly what value will be added to the enterprise by doing this project.
WHY GATHER ALL THESE DETAILS DURING PROJECT INTAKE?
CHARACTERISTICS OF A HIGH-PERFORMING PROJECT INTAKE PROCESS
- Efficient and responsive: Approval or non-approval should be expedited. A well-defined service level agreement (SLA) should be in place to make intake decisions. Don’t leave the requesters in limbo.
- Easy to use: The stakeholders should find it easy to submit a complete proposal. There should be resources and training that enable a stakeholder to know what to do when submitting a proposal. At the same time, only complete proposals should be submitted to the intake.
- Effective governance: All intake proposals should be reviewed by appropriate governance and quick decisions whether to approve or reject should be made. If there is no such governance body, the portfolio manager should be able to approve/deny projects.
- Fiscally responsible: Prior to approving a project, a governance body (or portfolio manager) should have a clear idea of what this does to the available portfolio f...