A strategic approach to selecting, prioritizing and governing a collection of products, programs or projects to maximize value and manage risk.
Portfolio management is a strategic approach to selecting, prioritizing and governing a collection of products, programs or projects across an organization. It aligns investment decisions with business objectives, optimizes resource allocation and manages risk to maximize overall value. Portfolio decisions are coordinated and continuously reviewed.
Estimates the expected financial value of all initiatives in the portfolio.
Share of initiatives meeting expected benefits and timelines.
Average time until measurable value realization.
Consolidation of product ideas, setting strategic priorities and implementing a budgeting process to maximize value.
Managing investments in infrastructure, platforms and applications to reduce redundancy and cost.
Separates innovation projects within the portfolio to manage risk and avoid waste.
Define objectives, criteria and decision processes.
Collect business cases and data sources.
Establish a portfolio board and accountability model.
Introduce reporting, KPIs and regular reviews.