Portfolio Management is about maximising return on investment. It is about doing the right projects, seeing the projects through delivery and realising the benefits.
Portfolio Management is a crucial part of strategy planning & execution and is usually managed by a central portfolio office or PMO.
Why is it important?
Selecting more of the right initiatives (e.g. higher value, lower cost and risk) and terminating non-beneficial initiatives earlier will increase portfolio returns by 10-30% per annum.
Reducing the time to start projects will enable benefits to be realised earlier can give a one-off benefit to the portfolio value.
How does ChangeDirector help?
A tool to capture the project portfolio, prioritise initiatives and report on status using a range of best practice techniques. Executives also get online access to critical information about projects that are contributing to their strategic objectives.