PROJECT PORTFOLIO MANAGEMENT

Blog

Xellentro Consulting Services LLP | July 2014

IntroductionSPPM Workshop

Portfolio – Program – Project Management

Portfolio

Program

Project

Doing the Right Thing

Realizing the Benefits

Doing things Right

Strategic Alignment Governance Risk Resource

Verification & Validation

Prioritization Resource

Scope Cost Time Quality

Challenges of Portfolio Management

Strategy

Governance

Management

Tools

• Alignment to objective not there• Many projects and programs meeting same objective• Many “Must Have” Projects and Programs• Prioritization not done properly

• No process for poor performing projects to be killed• Business case unrealistic• BAU projects are managed separately• Interdependence not assessed properly

• Lack of experience to manage• PM skills not valued as critical• Change absorption Capability is less

• Inconsistent data and no “single version of truth”• Lack of effective reporting and analysis• Reporting seen as a burden and ineffective

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

Portfolio Management Process

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

Principles

Senior Management Commitment

Governance Alignment

Strategy Alignment

Portfolio Office

Energized Change Culture

Definition Cycle

Understand

Categorize

Prioritize

Balance

Plan

Delivery Cycle

Management Control

Benefits Management

Financial Management

Risk Management

Stakeholder Engagement

Organization Governance

Resource Management

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.

Alignment with Business Objectives

Visibility & Control

Collaboration

EnterpriseProject

Management

Portfolio Management

Execution Management

PMO, Program and Project Managers

Project Team Members

Investment Decision Makers and

Portfolio Managers

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

Xellentro Consulting Services LLP

C 402, Ajmera Infinity, Electronics City Phase 1 Bengaluru, 560100