To manage change, projects and programmes have been the sole focus of organisations. Now, with portfolio management arriving in the main scene, the balance between BAU and Change has started improving. But, whether the change initiatives are right or not and whether the potential ROI is achieved, is important to understand. Thus, portfolio management can help to ensure these following things:
- To offer the greatest return, benefits realisation is maximised from the made investment.
- Projects and programmes are consistently managed to ensure efficient delivery.
- The change initiatives portfolio is collectively enough to perform the necessary contributions to strategic objectives.
- Portfolio Management is an active process that offers the discipline to make sure resources and funding are suitably reassigned.
- Projects and programmes that are undertaken are prioritised in terms of their overall contribution to the strategic objectives of the organisation and level of risk-undertaking.
Know more about Management of Portfolio (MoP):
Portfolios are known to represent the complete investment of an organisation in the changes needed to attain its planning objectives. Likewise, Management of Portfolio enables effective balance based on decision making and strategies for Business as Usual and Organisational Change. It also provides the higher authorities with authentic evidence that enables informed and better investment decisions, which is about:
Portfolios are known to represent the complete investment of an organisation in the changes needed to attain its planning objectives. Likewise, Management of Portfolio enables effective balance based on decision making and strategies for Business as Usual and Organisational Change. It also provides the higher authorities with authentic evidence that enables informed and better investment decisions, which is about:
- The ways to maximise ROI
- Ways to ensure effective and efficient delivery
- Whether it’s relevant to invest in prevailing initiatives
Benefits of MoP for your Organisation:
There are potential advantages of portfolio management, so organisations are taking MOP Training in Auckland seriously now. Based on the research from private and public sectors in Auckland, it is found that companies that adopt an approach to MOP can gain benefits, like:
There are potential advantages of portfolio management, so organisations are taking MOP Training in Auckland seriously now. Based on the research from private and public sectors in Auckland, it is found that companies that adopt an approach to MOP can gain benefits, like:
- Improved communication and engagement between senior and junior management staffs,
- Corporate governance and enhanced transparency,
- Return on Investment, Benefits realisation and efficient resource utilisation,
- Proper risk management at a collective level,
- Successful implementation of projects and programmes through management of improved reliability, and constant approaches,
- Removal of duplicate and poor performing projects and programmes.
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