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Project Portfolio Management

Blog. Project Portfolio Management. Xellentro Consulting Services LLP | July 2014. SPPM Workshop. Introduction. Portfolio – Program – Project Management. Strategic Alignment Governance Risk Resource. Doing the Right Thing. Verification & Validation Prioritization Resource.

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Project Portfolio Management

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  1. Blog Project Portfolio Management Xellentro Consulting Services LLP | July 2014

  2. SPPM Workshop Introduction

  3. Portfolio – Program – Project Management • Strategic Alignment • Governance • Risk • Resource Doing the Right Thing • Verification & Validation • Prioritization • Resource Realizing the Benefits • Scope • Cost • Time • Quality Doing things Right

  4. Challenges of Portfolio Management • Alignment to objective not there • Many projects and programs meeting same objective • Many “Must Have” Projects and Programs • Prioritization not done properly Strategy • No process for poor performing projects to be killed • Business case unrealistic • BAU projects are managed separately • Interdependence not assessed properly Governance • Lack of experience to manage • PM skills not valued as critical • Change absorption Capability is less Management • Inconsistent data and no “single version of truth” • Lack of effective reporting and analysis • Reporting seen as a burden and ineffective Tools

  5. Portfolio Management Process Model Proper understanding and Implementation of Portfolio Management Process helps to remove the challenges mentioned. MoP defines the following as the model of Portfolio Management

  6. Portfolio Management Process MoP defines a set of Portfolio Management Principles and Portfolio Definition and Delivery Cycles as part of the Portfolio Management Process

  7. Portfolio Management Implementation To be able to get the benefit, there is a need to have an Enterprise wide Project Portfolio Management Process to be implemented giving the holistic advantage. The data and information needs to travel at all levels. Portfolio Management Alignment with Business Objectives Investment Decision Makers and Portfolio Managers EnterpriseProject Management PMO, Program and Project Managers Visibility & Control Collaboration Project Team Members Execution Management

  8. Portfolio Management Consulting • We at Xellentro help organizations to get this advantage by providing our experts to: • Assess the current state • Do Gap Analysis of the process • Define / Modify the process to remove the gaps • Hand-hold the Program and Project Managers to implement the process • Setup and handhold Program Managers/Portfolio Management Office • Help creating the competency with training and hand-holding • Transition to the organization • Audit and/or Maturity Assessment at regular intervals

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