Which portfolio management method to apply? How to improve project portfolio management? How can your project portfolio create added value?
Portfolio management is the discipline of selecting, prioritizing and controlling an organization's programs and projects. In line with its strategic objectives and ability to deliver.
When projects and programs focus on the deployment of outputs, results and benefits, portfolio management becomes essential. Portfolios exist as coordination structures to support deployment. To ensure optimal prioritization of resources to align with strategic intent and create value.
There is a world-renowned portfolio management certification, based on the MoP (Management of Portfolio) guide, which explains how to build a portfolio prioritization model.
Discover our tips in this article:
MoP® (Management of Portfolios) is a guide to the principles, techniques and practices that help companies successfully adopt portfolio management. MoP answers two main questions:
MoP focuses on the change brought about by project and program management as a whole, rather than on the work of individual initiatives. MoP best practices are closely aligned with PRINCE2 and MSP. They help managers and decision-makers to understand how portfolio management can maximize return on investment, and to initiate and sustain transformation.
MoP (Management of Portfolios) is an internationally recognized certification in portfolio management. The MoP certification scheme comprises two levels: MoP Foundation and MoP Practitioner.
The training provides knowledge of the principles, cycles, practices, techniques, roles, responsibilities, documents and organizational context in which portfolio management operates.
The course explains how to apply and adapt MoP best practices. You will also learn how to analyze data, documentation and roles in a given scenario.
Make sure you get the best ROI and benefit from the advice of QRP trainers, experts in project, program and portfolio management.
QRP International is an accredited training organization (ATO) for MoP training. Training is available in the classroom, in a virtual classroom or on an in-company basis, depending on your needs or those of your employees.
It's undeniably difficult to implement a methodology without a tool. Project portfolio management software such as Project Monitor will enable you to manage your project portfolio. Both strategically and operationally. Project portfolio management software is indispensable. Indeed, in organizations that have to juggle a multitude of projects, using a more manual tool (such as Excel) quickly proves counter-productive!
With Project Monitor project portfolio management software:
Building a project portfolio involves several key steps. Identify potential projects in line with your organization's strategic objectives. Assess their relevance, feasibility and alignment with the overall vision. In this article, you'll find tips for building your project portfolio.
These indicators may vary according to the organization's specific objectives and priorities, but some commonly used ones include return on investment (ROI), on-time delivery, budget compliance, stakeholder satisfaction, quality of deliverables, resource productivity and risk reduction. See this article for examples ofproject portfolio performance indicators.