Project Portfolio Management

You know what projects and programmes are running. But do you know if they are the right ones? Do you know what benefits they should bring to the organisation, whether they are on course to do so or how, when implemented, they will affect day-to-day business? If the answer to any of these questions is ‘no’ then the likelihood is that you are wasting valuable time and valuable resources on non-essential activities; you should be considering the introduction of Portfolio Management.

Portfolio Management is by no means a new idea but in the current economic climate adopting it could not be more timely for executive teams making significant budget cuts whilst at the same time supporting the innovation and development needed to continue servicing existing customers and finding new ones. Effective Portfolio Management will give you the hard information you need to justify starting (or not starting) new initiatives or stopping those already underway while still ensuring that ‘business as usual’ remains effective.

We can help you set up a common sense based approach which summarises all current initiatives and categorises and prioritises them, giving a detailed picture of the whole that can be used to balance the organisation’s entire portfolio. Using our simple mechanisms you can ensure that the only projects and change initiatives that you undertake are those that collectively make the greatest contribution to strategic objectives and therefore to targets.

Melanie Franklin attended the M_o_P launch today - Read her latest blog entry.