What is portfolio management?
A Portfolio is defined as projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
Portfolio Management is defined as the centralized management of one or more portfolios to achieve strategic objectives. The programs or projects of the portfolio may not necessarily be interdependent or directly related.
The aim of portfolio management is to:
- Guide organizational investment decisions.
- Select the optimal mix of programs and projects to meet strategic objectives.
- Provide decision-making transparency.
- Prioritize team and physical resource allocation.
- Increase the likelihood of realizing the desired return on investment.
- Centralize the management of the aggregate risk profile of all components.
Portfolio management also confirms that the portfolio is consistent with and aligned with organizational strategies.
Maximizing the value of the portfolio requires careful examination of the components that comprise the portfolio. Components are prioritized so that those contributing the most to the organization’s strategic objectives have the required financial, team, and physical resources.
For example, an infrastructure organization that has the strategic objective of maximizing the return on its investments may put together a portfolio that includes a mix of projects in oil and gas, power, water, roads, rail, and airports. From this mix, the organization may choose to manage related projects as one portfolio. All of the power projects may be grouped together as a power portfolio. Similarly, all of the water projects may be grouped together as a water portfolio. However, when the organization has projects in designing and constructing a power plant and then operates the power plant to generate energy, those related projects can be grouped in one program. Thus, the power program and similar water program become integral components of the portfolio of the infrastructure organization.
Program duration: 3 days. It can be flexible and customizable according to business’s requirements.
Who is the trainer?
Nguyen Si Trieu Chau, PMI Young Professional Award Winner 2020, LIMC, PfMP, PgMP, PMP, PMI-ACP, PMI-PBA, PMI-RMP, PMI-SP, CAPM, DASM, DASSM, IPMO-E, PMO-CP, PSM-I, PSM-II, PSPO-I, PMI ATP Instructor - PMP, PMI ATP Instructor - DASM, PMI ATP Instructor – DASSM and associate trainers.
For more information about trainers, click here.
Contact us:
Atoha Institute of Project Management - The key to professional project management
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