The origins of Project Portfolio Management (PPM) can be traced back to the field of project management, which emerged in the mid-20th century as a response to the increasing complexity of large-scale projects in various industries. As organisations started to undertake multiple projects simultaneously, the need for a systematic approach to manage and prioritise these…
Effective portfolio management is a critical aspect of any organisation’s success. It involves coordinating and overseeing multiple projects, initiatives, and investments to achieve strategic goals. However, portfolio management cannot exist in isolation; it must be closely integrated with various organisational procedures and involve the active participation of multiple stakeholders. In this article, we explore the…
In the realm of modern business, the pursuit of organisational success often hinges on effective Portfolio Management. However, achieving this goal can be hindered by various challenges. Defining Portfolio Orientation Portfolio Orientation is the degree to which an organisation aligns itself with the principles and practices of effective Portfolio Management. It encompasses a strong commitment…
Advancing on an evolution journey towards higher levels of portfolio management performance involves being able to define as-is and to-be states of performance and implementing continual improvements of the organisation’s capability and capacity in portfolio management. Maturity Models provide a map consisting of a sequence of maturity levels, which show a typical evolution path represented…
Portfolio governance, processes, artefacts, and techniques help those involved in portfolio management optimise their management efforts and portfolio results. However, as “culture eats procedures for breakfast”, managing organisational culture and influencing people’s perspective, attitudes and perception should be of high priority when implementing portfolio management. What is Portfolio Orientation? Portfolio Orientation is the degree to…
While governance, plans and processes help us with what we could refer to as the administrative side of portfolio management, the right Mindsets help us develop a portfolio orientation and navigate the complex reality of portfolio management within organisations. Portfolio mindsets are an essential part of any portfolio methodology. Just as we establish procedures to help…