What is Portfolio Management?
Portfolio management helps organizations make decisions about implementing the right changes to business as usual via projects and programmes. Portfolio management is not concerned with the detailed management of these projects and programmes; rather, it approaches the management of change projects and programmes from a strategic viewpoint.
The MoP® (Management of Portfolios) guidance provides senior executives and practitioners responsible for planning and implementing change, with a set of principles, techniques and practices to introduce or re-energize portfolio management. MoP helps organizations answer the fundamental question: Are we sure this investment is right for us and how will it contribute to our strategic objectives?
- Investment is the key word because portfolio management is about investing in the right change initiatives and implementing them correctly.
- Are we doing these things right?
- Are we realizing all the benefits in terms of more effective services and efficiency savings from the changes we are implementing?