• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Solitaire Consulting Limited

 digital transformation and technology enabled change
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy
  • Home
  • Blog
  • Services
    • Business Change Management
    • Non-Executive Management Services
    • Process Improvement
    • Programme Management
    • Project Management
    • Technology Advice
  • About Us
    • Team
    • Community
      • Genuine Jersey Sponsor
      • Mustard Seed
  • Testimonials
  • Partners
    • Calligo
    • KeyedIn Solutions Inc
    • MBS Business Solutions
    • Vega Solutions Limited
  • Contact

MoP – Management of Portfolios

11/02/2011 by admin Leave a Comment

The OGC have recently released new guidance on Management of Portfolios (for an explanation of a Portfolio see one of my earlier posts on Projects, Programmes and Portfolios).

To be successful, organisations must evolve and this means improving how they run their business on a daily basis (business as usual) and adapting to emerging demands and expectations. Portfolio management helps organisations make decisions about implementing the right changes to business as usual; those changes are delivered via projects and programmes. It also provides a ‘helicopter view’ of all change activities – both those in planning and those in delivery – including providing a clear line of sight about what is in the portfolio, what it is costing, what risks are faced, what progress is being made, and with what impact on business as usual and the organisation’s strategic objectives.

Rather than representing a new discipline, portfolio management seeks to build on, and better co-ordinate, existing processes such as strategic planning, investment appraisal and project and programme management. Portfolio management is not concerned with the detailed management of these projects and programmes; rather, it approaches the management of change projects and programmes from a strategic viewpoint, focusing on the key issues outlined above. This is reflected in the following formal definition for portfolio management, which is:

A co-ordinated collection of strategic processes and decisions that together enable the most effective balance of organisational change and business as usual.

Portfolio management can be used effectively within specific directorates of the organisation – for example, the ‘IT portfolio’. However, the greatest success is realised when management boards use portfolio management to deliver the organisation’s corporate change portfolio as a whole.

Portfolio management addresses the fundamental questions:

  • Are we doing the right things?
  • Are we doing these things right?
  • Most significantly, are we realising all the benefits in terms of more effective services and efficiency savings from the changes we are implementing?

The mechanisms by which these questions are answered are incorporated in the model shown below. This model brings together the key activities required to successfully define and deliver a portfolio of change whilst ensuring resources are used efficiently.

MoP Fig. 1.1

Read the MoP overview brochure here.

49.214439-2.13125

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related posts:

5 Best Practices to Manage Project Portfolios Projects, Programmes and Portfolios What is Portfolio Management? Case Study: From Initiative Overload to Project Portfolio Management

Filed Under: Projects

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

FREE E-Book
Over 20 pages of business improvement tips and pragmatic advice on delivering effective change.
* = required field

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Recent Posts

  • Top 5 buying factors for Enterprise Software
  • Digital Transformation needs to include the whole Supply Chain
  • Seasons Greetings from Solitaire Consulting
  • Cyber Security Awareness Training
  • WealthWorks+ – New wealth management system or refresh of a legacy product?

Archives

Missinglettr

Footer

Solitaire Consulting Limited

Solitaire Consulting Limited is a sponsor of Genuine Jersey, supporting local produce and products.

Genuine Jersey logo

Recent Posts

  • Top 5 buying factors for Enterprise Software
  • Digital Transformation needs to include the whole Supply Chain
  • Seasons Greetings from Solitaire Consulting
  • Cyber Security Awareness Training
  • WealthWorks+ – New wealth management system or refresh of a legacy product?
  • Services
  • Testimonials
  • Partners
  • Privacy Policy

Quick search

© Copyright 2017 Solitaire Consulting Limited | Registered Office: Baytree House, Queens Road, St Helier, Jersey, JE2 3GR | Registered in Jersey No: 107663