Where exactly is the boundary between portfolio management and strategic management?
For example, is the definition of the balanced scorecard objective and initiative is part of portfolio management or strategic managemnet? Saving Changes...
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Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
Portfolio Management is a component of strategic management.
Balanced scorecard is outside portfolio management, though it's metrics can be used to define selection criteria for portfolio selection. Saving Changes...
Greg GithensAuthor, "How to Think Strategically." Executive & Leadership Coach| Catalyst & Cadre LLCLakewood Ranch, Fl, United States
The phrase strategic management has no precise definition, so it could include or exclude portfolio management depending upon the context.
Many authorities in strategy like to say there is an aspect of organizations that is "work in the business" and another aspect that is "work on the business." These are then referred to as operations and strategy, respectively. Most projects have their primary benefits inside of the business model, but some are focused on changing the business model. In this model, you could have portfolio management of a group of operational projects (working in the business) and a group of strategic projects (working on the business). Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Strategic management is about achieving business goals. The chosen strategies would usually implement portfolios, program and/or projects. Saving Changes...
Alfred HortonCEO & President| AOC Connect, LLCLovettsville, Va, United States
Strategic management through the use of balanced scorecards or other directed business planning activities fall outside what I have always understood portfolio management to include. Saving Changes...
