Portfolio management

The following are the attributes of portfolio management.

■ Top management visibility of programs and projects. The whole set of projects in a multiple project system is managed consistently in an integrated project management system. All projects are monitored using common earned value and other measurement systems, e.g., balanced scorecard.

■ Uniform project management system. A uniform approach to projects in the portfolio is ensured through a professional project management staff and PMO support system.

■ Pipeline management. Pipeline management consists of:

■ Generation of projects. A systematic way of generating projects through brainstorming, budgeting processes, and business planning

■ Evaluation of projects. A way of reviewing portfolio projects using net present value and cash flows, weighted scoring models to score projects against business objectives, and risk management

■ Selection of projects. Projects are selected using a uniform set of measures

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.

Get My Free Ebook


Post a comment