What is portfolio management and why is it important?

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Strategic Portfolio
Management
1
portfolioSIG@apm.org.uk
Thames Valley Branch Meeting
23rd May 2017

2
Agenda
1. Rationale for Portfolio Management
2. Benefits in implementing
3. Overview, challenges and roles
4. Critical S...

Why do we need PfM?
• Deliver the“right” programmes and projects
• Aligned with organisational strategy
• To achieve the o...

4
External research says Portfolio
Management provides tangible benefits
What do best-in-class organisations do differentl...

- 5 -
“Highly effective
organizations are twice as
likely to look to portfolio
management to
enable innovation.”1
“70% of ...

PfM Overview
From strategic goals, through portfolio management to delivering the benefits
Programmes
& Projects
Vision
Co...

Programmes
& Projects
Vision
Corporate
goals
Corporate
strategy
Pressures
Portfolio &
Business Area
Plans
BAU work
Benefit...

Who does what?
BCM: Business Change Manager
Portfolio Exec
Portfolio
Mgt Office
Sets the vision, corporate goals & strateg...

PfM needs good Governance
Alignment to
business strategy
(demand prioritisation)
In flight delivery
(Managing complexity &...

 Focused on business performance
– overall strategic business outcomes is the key measure
 Having proactive & visible se...

11 © P2 Consulting
So what does good look like?
Lead
PORTFOLIO OPTIMISATION
 Quantify what value means
 Optimise a portf...

12 © P2 Consulting
 High performing organisations:
 Back the right ideas
 Set them up for success
 Deliver with excell...

13 © P2 Consulting
Organisational Strengths &
Weaknesses
Miracle-Worker (MW)
Yes – they do exist! Despite poor
project sel...

14 © P2 Consulting
Portfolio Management in the Round
Thinking in Lines Thinking in Wheels
Mechanistic Environment
Risks ar...

15 © P2 Consulting
 Management’s job is to build a creative organism that is resilient enough to
recover when failure occ...

16
Strategy and portfolio alignment
16
Source: 2015 APM portfolio management SIG survey
Some
connection in
some areas,
but...

17
APM’s Portfolio Management
Specific Interest Group

18
SIG Committee – 2016-17
Simon
Darby
Mike
Florence
Stephen
Parrett
Peter
Glynne
Lynne
Ratcliffe
Paul
Morgan
Glenn
Jones
...

1. Promote awareness of portfolio management practices
2. Provide an active forum to share experiences, ideas, tools,
tech...

Developing New Knowledge
(creating/finding useful
material - “what works”)
Working with the APM
(collaboration with other ...

Conference
(2016)
Publish Outputs
Blog SIG article
in Project
NW article
in Project
Presentation Analysis etc
APM
Internal...

Two Major SIG Initiatives in 2017
 Launching today!!
 No. 1 - “Recognising the need to change - six telling signs”
 Thr...

Introductory Guide to PfM
 Based on practical experiences and includes real-life scenarios.
 Designed for and relevant t...

“Managing the Portfolio”
No. 1 - “Recognising the need to change - six telling signs”
This series of reports will:
 Step ...

The Six Telling Signs
1. Lack of coordination or alignment to business strategy
2. Scope of programmes not clear or overla...

SIG Conferences & Events
( Past/Present Gallery of Organisations Presenting)
26

27 © P2 Consulting
 Adam’s contact details
Thank you very much
 Further Reading:
Adam Skinner
Managing Consultant
P2 Con...

28
 Appendices

29
Role of Specific Interest Groups
within the APM
Creating &
disseminating
new knowledge
Providing
discussion
forums
Impr...

SIG Activities – Three Perspectives
Illustrating how PfM can help tackle business issues
Highlighting what PfM can do to s...

31
Summary
Purpose & aims
Strategy & themes
Plans
SIG members
Programmes
& Projects
Vision
Corporate
goals
Corporate
strat...

32
Presenters Topic and Links
Nicky Bloomer, Head of Portfolio
Management Division, Office for
National Statistics
Portfol...

33
Successful 2017 Conference
Presenters Topics
Sandie Grimshaw,
Global Leader, Portfolio and
Programme Management, PwC
Po...

34
APM (BoK+)
Portfolio management
is the selection,
prioritisation and
control of an
organisation’s
projects and
programm...

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