Portfolio Management: Your Next SMART Move

Jiwat is a seasoned professional with proven skills and varied academic- and industry-based background in project management. Jiwat brings in contemporary skills and knowledge of current trends in PM.

  Portfolio Management   Strategy  

As organizations become more project-savvy, the concept of portfolio management is gaining some momentum and growing acceptance. While inherently complex to set up, manage and measure, a portfolio results in benefits that are worth the pains involved. The question is, what do organizations need to know and do if they wish to take up a portfolio management approach?

As crude as it sounds, organizations exist—in a normal business environment—to make money (in a majority of cases, at least). They are not primarily out there to become project management mature. What this means is that we cannot expect organizations to make high-priority, deliberate efforts in becoming project management mature. Well that hurts…true.

One can argue that moving to greater project management maturity can provide the necessary springboard from which to set up a robust portfolio structure for the management of projects and programs. Yet (let’s be honest) it is not something that organizations spend their time dreaming of. Hence, setting up a portfolio structure is something that would require a robust case for how it is going to tangibly benefit the organization. To achieve buy-in from senior management for setting up a portfolio management approach to projects and investments means making your next SMART move, which is to answer a list of questions as discussed below&…

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