Balanced Scorecard vs Porfolio Management

Anonymous

I am using balanced scorecard in strategic management. I set perspectives (financial, customer , ...) objectives, measurement, target and initiatives at the end.
Now my question is when portfolio management starts?
1. when I start balanced scorecard (when I want to set perspective objective).
2. when I want to set and clear projetcs/programs from initiatives.
3.or other phase.

Posted: Apr 27, 2019 4:16 AM (Updated by author: Apr 27, 2019 8:02 AM)

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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

A balanced scorecard is a tool to support effective portfolio management but portfolio management itself would likely have started much earlier when your leadership team started to make key decisions such as what constitutes a project and who will be involved in the component selection, evaluation & prioritization processes.

Kiron

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1 reply by anonymous

Apr 27, 2019 11:20 PM

anonymous

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Do you mean that, for example defining initiatives is also part of portfolio management?

Posted: Apr 27, 2019 9:08 AM

Anonymous

Apr 27, 2019 9:08 AM

Replying to Kiron Bondale

...

Do you mean that, for example defining initiatives is also part of portfolio management?

Posted: Apr 27, 2019 11:20 PM

Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

Portfolio strategic management includes developing a portfolio strategic plan and a roadmap of components which will achieve the organization's goals, so yes, I'd consider that in scope for portfolio management.

Posted: Apr 28, 2019 10:22 AM

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Balanced Scorecard vs Porfolio Management

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