Principles of Execution

Portfolio Management Categorization,

Optimization and Recalibration

Sure, I can do that as well!

Implementation of Current Strategy

Emergent

Strategy

Funded Projects

Allocated Resources

Product

Processes

New Services

New Opportunities, innovation or

demands

Deliberate

Strategy

Portfolios, Programs and Projects

Gerald’s Background

Gerald Leonard is currently

the President & CEO of Principles

of Execution, a Strategic Project

Portfolio Management and IT

Governance consulting firm based

in the Metro Washington, DC area.

19 years as an IT Project

Management consultant and

earned the PMP, MCSE, MCTS,

CQIA, ITILv3 and COBIT 4.1

Certifications

Acquired certifications in PM and

BI from the University of California,

Berkeley, as well as an Executive

Leadership Certification from

Cornell University.

Where can you learn more?

What is Portfolio Management?

Portfolio Management is a capability

that enables organizations to

analyze, select and manage a

collection of project investments that

are aligned with your company’s

goals and objectives within a data

driven decision making framework.

Portfolio Management also

coordinates the acceptance,

approval, postponement, rejection

or cancelation of a project which will

not realize the proposed benefits or

the corporation’s strategic

outcomes.

The Corpus Callosum of the Organization

Mapping Project Investment To

Organizational Priorities

Categorization Prioritization Optimization Recalibration

What is Categorization?

An Interview with TalkTalk’s CIO

Strong Executive Management support

Leadership with Business and IT

knowledge

Communication is critical!

Allocate Funding and Resources by

Project CategoriesHow many

projects in

each category

do we have the

capacity to

execute?

The system

must limit the

number of

projects based

on capacity to

execute.

Only Reallocate Resources with

Similar Categories

Implementation of Current Strategy

Emergent

Strategy

Funded Projects

Allocated Resources

Product

Processes

New Services

New Opportunities, innovation or

demands

Deliberate

Strategy

Transform 10% Grow 30% Run 60%

Enforce a discipline decision making process

Categorization Prioritization Optimization Recalibration

What is Prioritization?

Steps CIO Should Take To Gain

Control of IT Embrace data-driven performance

reviews

Use tools to manage your application

portfolio, weeding out inefficiencies and

duplication

Take a big-picture view that enables

you to make decisions on what projects

add value to the business

http://h30499.www3.hp.com/t5/Discover-Performance-Blog/3-things-federal-CIOs-can-do-to-

optimize-their-application/ba-p/5503461#.VVMml_lVikp

Project Prioritization

Low

Medium

High

Va

lue

Low

May Execute Later

Than 12 Months

Medium

Need to Execute

Within 12 Month

High

Must Execute Now

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Project

Urgency

Categorization Prioritization Optimization Recalibration

What is Optimization?

Case Study

Portfolio Analysis

Efficiency Frontier

Strategic Alignment

Prioritization

Scenario

Probability

Cost/Benefit

Resource Capacity

Interdependency

Business Value

Categorization Prioritization Optimization Recalibration

What is Recalibration?

Recalibration Challenges

Leadership Engagement

Political Project Selection

Identifying the Great

Projects Among the Good

Standardizing Business

Cases

Prioritization within

Categories

PPM Governance Project Review

Board Process

Questions To Consider When

Recalibrating Projects What is the strategic value of this project?

What is the project's capability to deliver

value?

What is the capability to deliver on the

business objectives?

What are the risks?

Do we still have the capabilities to deliver

this project?

Does the cost benefit projections still

warrant this project being completed?

What is the project's importance to keeping

our strategy on point?

Mapping Project Investment To

Organizational Priorities

Where Should You Start?

Q&A

Portfolio Management Training

Click here to learn more.

Principles of Execution, LLC

Gerald J. LeonardPMP, MCTS, CQIA, ITIL, COBIT

President/CEOGerald@Principlesofexecution.com

http://www.principlesofexecution.com

Helping Organizations Develop A Culture That Works!