Integrated portfolio business impact statement

The business impact statement is a tool to assure integration of the new portfolio with key business processes and plans. The impact statement is completed and shared widely at the top of the company, in order to flesh out issues before further project commitments are made. This is the first and highest level integration tool tailored to weed out projects that would have adverse impacts on other company commitments or plans.

Impact statement format. The format is given in Table 3.1, completed with the building case now under consideration:

The value of this statement is that each functional department completes its portion of the statement after review of the project proposal. This achieves the integration of the key perspectives in the company—many of which may be odds—at its highest level. Thus integration activity may be completed by electronic forms, which are made part of the company business planning process.

TABLE 3.1 Integrated Portfolio Business Impact Statement

Proposed portfolio project

Impact on current project schedules

Impact of current workforce

Impact on current financial condition

Impact on current risk posture of company

Impact of current market and customer base

Impact on current company technology and processes

Impact on company culture

Commercial

On proposed

Current

Upfront

Current

Company

Current

Current company

"technical"

schedule,

proposed

financing of

portfolio

relies on

company

culture has

building

project

project

proposed

balance in

technical

tooling is

moved away from

support

would

team will

project will

high risk;

clients

already there;

research and

project.

commit

require

require

this project

which need

capacity to

applied new

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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