Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009
description
Transcript of Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009
![Page 1: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/1.jpg)
Investment Management ConceptsPortfolio Management | Segment Architecture
March 25, 2009
Adrienne Walker and Kshemendra [email protected]
www.omb.gov
![Page 2: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/2.jpg)
• The centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work, to achieve specific strategic business objectives
- PMI, PMBOK
• Effective, timely, and continuing investment and governance decisions about the organization’s initiatives and other structured work effort, products, and software applications
- Gartner
Portfolio Management
![Page 3: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/3.jpg)
• Enable organizational strategy• Weigh benefits against costs • Optimize the value of the portfolio• Balance risk within tolerable thresholds• Cross-cutting key performance
measurement, direct performance towards shared targets
Value Proposition Portfolio Management
![Page 4: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/4.jpg)
GAO IT Investment Management Maturity Model
Portfolio Management
![Page 5: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/5.jpg)
Project Manager• Facilitate creation of a business case
• Determine project objectives
• Conduct accurate, comprehensive, reliable estimates of costs, benefits and risks
• Execute according to standards within allowable performance targets
Program Manager/Business Leader• Identify business transformation needs
• Determine programmatic objectives
• Manage strategic initiatives
• Monitor and control to performance targets
Roles and ResponsibilitiesPortfolio Management
Portfolio Manager• Actively analyze the ‘state’ of project
performance
• Communicate project alignment with strategic goals
• Facilitate development and management of an optimized portfolio
• Regularly reviews major investments, escalates issues and recommends action to the Governing Body
Governing Body/Investors• Set organizational strategy
• Decide future of investments
• Determine performance targets and allowable risk profile of the portfolio
• Mitigate enterprise risk
![Page 6: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/6.jpg)
Line-of-Sight• Articulates the contribution
of inputs to outputs and outcomes
• Identifies performance improvement opportunities that span traditional organizational boundaries
Portfolio-level Performance Management
Portfolio Management
![Page 7: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/7.jpg)
Case StudyPortfolio Management
![Page 8: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/8.jpg)
• Timely, accessible measurement of cost, benefit, risk and performance data
• Early warning systems• Trusting and using the data• Event driven decisions• Meaningful program/project reviews that create actions
and decisions• Post implementation reviews• Shared agreement on organizational goals and objectives• Transition Planning that balances current and future needs
Implementation ChallengesPortfolio Management
![Page 9: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/9.jpg)
Target Architectural Outcomes
• Enhanced governance and agency commitment
• Aligned strategy with high value, measurable, timely performance commitments
• Structured cross agency collaboration resulting in a modernization roadmap
• Use of cloud-based IT Infrastructure (technology) services
• Integration of platforms into agency transition strategies and investment proposals
• Secure inter-operability reduces complexity and cost, improves performance, and is “baked in”
![Page 10: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/10.jpg)
FEA Context - Architecture Levels
![Page 11: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/11.jpg)
Types of Segments
• Core Missions Segments– Interoperability and information sharing
• Business Segments– Standard processes to support migration to cloud-based
shared services
• Enterprise Segments– Focus on standards, policies, and reference architectures
![Page 12: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/12.jpg)
Shared Modernization Roadmaps
Strategic
Planning
Strategic Planning
Architecture
CPIC
BudgetCPIC
Architecture
CPICArchitecture
Architecture
Execution
Execution
![Page 13: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/13.jpg)
National Information Exchange Model
NIEMCore
The IEPD Lifecycle
![Page 14: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/14.jpg)
Identity, Credential, and Access Mgmt
![Page 15: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/15.jpg)
ICAM Experience
• Idea germinated last winter
• Bottoms-up focus– HSPD-12, eAuth, Federal PKI Bridge, Cyber, FEA
– Federal CIO Council, OMB, GSA, DOD leading
• Two cycles of broad review (1200 comments)
• Calendar (~9 months)
– FSAM Steps 1 & 2 done by early Spring
– Draft modernization roadmap reviewed with agencies in the Summer
– Finalized in the Fall
• Cost between $500K to 1M in contractor support, extensive working group and agency involvement.
![Page 16: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/16.jpg)
Platform Architecture Next Steps
• Plan of Action with Milestones (POAM)
– By January 31st, 2010
• Target and Gap on FASM Steps 1 & 2 (Governance, Scope & Strategy)
– Inform the POAM
• Training on FSAM, NIEM, & Data.gov
• Initiate establishment of an appropriate NIEM domain
• Identify target high value business processes and information exchanges for FY 2012 cycle
• Identify and integrate high value data sets into Data.gov
![Page 17: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/17.jpg)
Notional Calendar
• 2Q FY 2010
– Finalize Plans, enhancement of governance, strategy alignment
– Initial exchange data model, targeted business processes, exchanges
– Develop Approach to coordination across Platforms under FEA
• 3Q FY 2010
– Draft an review modernization roadmap with agencies
– Finalize IT Infrastructure strategy with Cloud Initiative
• 4Q FY 2010
– Finalize modernization roadmap with agencies
– Finalize agency use commitments
– Finalize target performance improvement commitments
![Page 18: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/18.jpg)
![Page 19: Investment Management Concepts Portfolio Management | Segment Architecture March 25, 2009](https://reader036.fdocuments.in/reader036/viewer/2022062408/56814376550346895daff690/html5/thumbnails/19.jpg)