Monitoring and Controlling Process Group

3.2.2.1 Portfolio Reporting and Review The purpose of this process is to gather performance indicators, provide reporting on them, and review the portfolio at an appropriate predetermined frequency, to ensure both alignment with the organizational strategy and effective resource utilization. The review cycle examines all components and is executed on a timeline that is specified by the organization. Each cycle may contain several reviews with a different focus and depth of analysis applied in...

What Is Portfolio Management

Portfolio management is the centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work, to achieve specific strategic business objectives. There are many types and varieties of portfolio management. This standard does not attempt to address all types of portfolio management instead, it focuses on ''project portfolio management.'' Since project portfolio management is the focus of...

The Link Between Portfolio Management and Organizational Governance

Cross Company Portfolio Management

Portfolio management is one of several governance methods used within organizations. Governance is the act of creating and using a framework to align, organize, and execute activities in a collectively coherent and intelligible manner in order to meet goals. Organizational governance establishes the limits of power, rules of conduct, and protocols of work that organizations can use effectively to advance strategic goals and objectives and to realize anticipated benefits. Organizational...

What Is a Portfolio

Portfolio Organization

Defined, a portfolio is a collection of projects temporary endeavors undertaken to create a unique product, service, or result and or programs a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually and other work that are grouped together to facilitate the effective management of that work to meet strategic business objectives. The components of a portfolio are quantifiable that is, they can be measured, ranked, and...