Portfolio Management

Our experience tells us that many organisations think putting in a Project/Program Management Office (PMO) structure or tool magically delivers its benefits! It is common sense that attempting to deliver Projects and Programs (and indeed Portfolios) without an appropriate supporting mechanism significantly reduces the likelihood of Business Case success, outcome achievement and benefit realisation.

But using the wrong PMO type can be just as bad!

We understand that different types of initiatives need different types of PMOs—one type does not fit all—a common mistake many organisations (and providers) make. Does your PMO need a reporting; a controlling or a capability creation and sustainment function—or all of these things? A different structure, skills, controls and approach is needed for each. P2E can help you get the balance right for your environment.

Recognising the nature of your initiative, its leadership, governance model, delivery environment, priority and business criticality are just some of the factors that change what your PMO needs to do, enable and support.

After all, its focus is to ensure your Projects and Programs are engaging the right stakeholders and doing the right things at the right time to the right quality, always with outcome achievement and benefit realisation as the driving force.

P2E® is often asked to recover non-performing PMOs. Of course we can do this. However, we hope we can get you off on the right foot with new initiatives as well! We provide customised PMO Tool solutions to get your PMO working effectively. Either way, we have the right skills, people, best practice knowledge and experience to help you focus on enabling, not blocking the PMO services best suited to your specific business need.

Portfolio Management is about ensuring the changes your organisation is enabling align with your intended blueprint (future state).  It helps you make decisions about implementing the right changes to business-as-usual delivery as enabled via projects and programs. It also provides a ‘helicopter view’ of all change activities – both those in planning and those in delivery – providing a clear line of sight about what is in the portfolio, what it is costing, what risks are faced, what progress is being made, and with what impact on the your strategic objectives.

Portfolio Management is not concerned with the detailed management of projects and programs, but is in fact:

A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organisational change and business as usual.

Portfolio Management can be used effectively within specific functions of your organisation – for example, the ‘ICT Portfolio’. However, the greatest success is realised when management boards use Portfolio Management to enable and support an enterprise-wide understanding and decision process.  P2E bases its services on the Management of Portfolios (MoP®) and Managing Benefits™ methods, and the underlying principles in the Management of Value (MoV®) framework.

P2E Portfolio Management services include:

• Exceptional Portfolio Managers
• Pragmatic Portfolio Management, Delivery and/or Recovery
• Portfolio Assurance (including Strategic and Benefit Reviews)
• Portfolio Consulting (structuring, planning and management)
• Accredited Portfolio Methods Training (MoP® and MoV®) with an alliance partner – leading to qualifications
• Facilitated Portfolio Workshops (Identification, Planning, Assessment, Benefits Management, Strategic Alignment)
• Provision of supporting Resources
• Portfolio Mentoring and Coaching