Portfolio Management Categorization Optimization and Re-calibration
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Principles of Execution Portfolio Management Categorization, Optimization and Recalibration
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Transcript of Portfolio Management Categorization Optimization and Re-calibration
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/[email protected]
http://www.principlesofexecution.com
Helping Organizations Develop A Culture That Works!
