What is MoP™?
To be successful, organizations 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 organizations make decisions about implementing the right changes to business as usual; those changes are delivered via projects and programs. 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 organization'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 program management. Portfolio management is not concerned with the detailed management of these projects and programs; rather, it approaches the management of change projects and programs from a strategic viewpoint, focusing on the key issues outlined above.
Portfolio management can be used effectively within specific directorates of the organization - for example, the 'IT portfolio'. However, the greatest success is realised when management boards use portfolio management to deliver the organization's corporate change portfolio as a whole.
The Benefits of MoP
MoP benefits for organizations:
- Improved strategic contribution – more of the ‘right’ projects are undertaken.
- Removal of redundant, duplicate and low value adding projects and programs.
- More effective implementation of projects and programs via management of constraints, risks and dependencies.
- More efficient utilization of scarce resources including skilled project/programme managers.
- Greater benefits realization.
- Improved accountability and corporate governance.
MoP benefits for individuals:
- An improved understanding of:-
The Portfolio Management cycles, practices and techniques and the organizational context within which they operate; - Effective approaches to investment identification, categorization, prioritization and selection; and
- How project and program success can be enhanced by adopting a Portfolio perspective to delivery.
- The opportunity to demonstrate sufficient knowledge and understanding to work as an informed member of a Portfolio Office or in a range of Portfolio Management roles.
In this section
| Management of Portfolios | |
| What is MoP? | |
| Qualifications | |
| Training Accreditation | |
| Public Exams | |
| Successful Candidate Register | |
| Frequently Asked Questions |
