Is Everyone Fighting for Resources?
6 Steps to Better Portfolio Management
1. Have a standing cross-organizational portfolio team:
A Portfolio Analysis and Recommendation Team – ‘PART’ with a structure, process, cadence, measures, metrics and portfolio goals will create an efficient and credible environment for portfolio issues to be managed. The PART Team must know the overall business strategy and work to deliver the strategy by establishing functional department strategies and product-line strategies.
2. Develop and define product-line strategies:
With organization and management input, define product-line strategies within the portfolios so they are clear to the organization and the cross-organizational project teams. Without this critical information the teams will not be aligned on ‘where to play and how to win’ at each point of the functional strategies. Create leverage for your product lines by developing them with a product-line platform approach.
Here is a link to a white paper discussing the…
View original post 432 more words