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A Portfolio Management Case Study
Andy Jordan is President of Roffensian Consulting S.A., a Roatan, Honduras-based management consulting firm with a comprehensive project management practice. Andy always appreciates feedback and discussion on the issues raised in his articles and can be reached at [email protected]. Andy's new book Risk Management for Project Driven Organizations is now available.
This year one of my clients took dramatic action to respond to the economic downturn: They decided to revisit the entire 2009 portfolio of technology projects to ensure that they were still focused on the right things in this new economic reality. In this article I’ll try and walk you through the process and provide some insight into what I learned.
What we did
The technology projects for this year were the product of a late summer planning session and the subsequent follow -up work. Some were related to strategic IT initiatives, some were in support of major business unit projects and others were part of the constant drive for improved efficiency and automation. The result was a prioritized list of initiatives that would move the company forward in 2009 and build a strong foundation for 2010 and beyond.
Since late last summer, the world has changed. As the first quarter of 2009 drew to a close, we decided to revisit our projects and see whether or not they were still appropriate. This wasn’t a fundamental shift in direction--our strategic direction hadn’t changed. But we needed to decide whether a slight change in focus was necessary; the economic turmoil created a need to consolidate some areas to a greater extent than had previously been envisaged. However, at the same time it created new opportunities--potential new revenue streams to …
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Some editors are failed writers, but so are most writers. - T. S. Eliot |