Program and Portfolio management - Portfolios
3 important questions on Program and Portfolio management - Portfolios
What 5 steps in portfolio management are there?
- Maintain a list of all current projects in a project database
- Report the status of all projects through a central project-reporting system
- Prioritize and select projects through a transparent system maintained centrally
- Plan and assign resources on all projects centrally
- Evaluate the business benefits of all project postcompletion
For organizations that already do portfolio management the continuous order will be: 3,1,4,2,5.
What are the process steps for managing the prioritization of resources across projects in a program?
- Develop indivdual project plans
- Determine the resource requirements and duration of the individual projects
- Incorporate each project in a rough-cut capacity plan
- Schedule eacht project in the master project schedule
- Manage each project to deliver its objectives within the time and resource window
What resources play a part in the resource requirements (balancing) process?
- Portfolio managerts
- Project managers
- Resource managers
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