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Strategic portfolio management (SPM) encompasses a range of business capabilities, processes, and technological support aimed at enabling organizations to continually develop portfolios of strategic solutions and options.
Strategic portfolio management is the process an organization uses to select, prioritize, and control resources within its portfolio of programs, projects, and initiatives used to meet strategic goals and objectives.
Apr 6, 2021 · Strategy portfolio management — or strategic portfolio management — is the process an organization uses to decide how it should focus its available resources within a portfolio to meet its strategic objectives.
Sep 21, 2023 · What Is Strategic Portfolio Management? SPM is a systematic approach to managing a collection of projects, programs, and other strategic initiatives within an organization.
As Gartner explains, Strategic Portfolio Management is “ a set of business capabilities, processes and technologies ” that support the creation “ of a portfolio of strategic options that focus an organization’s finite resources ” to execute business strategy across the corporation.
Strategic portfolio management demands a sophisticated approach that integrates flexibility with precision. This guide presents the five key principles required to create a portfolio that not only scales Agile practices but also remains strategically aligned.
This paper 1) develops a model for implementation of the PMI Portfolio Management Standard, 2) provides a framework for understanding the factors influencing senior executive decision-making, and lastly, 3) suggests a framework for selling strategic portfolio management to senior executives.
Jan 31, 2024 · With Strategic Portfolio Management, gather critical business requirements, prioritize new requests, assess top-level investments, allocate resources, and adapt to changing business priorities by making adjustments on an ongoing basis. Manage strategic and operational work from one place while driving Agile transformation. Improve team efficiency with greater collaboration and enhanced task management ...
Step 1: Define your strategic objectives. Step 2: Align investments and capacity when implementing the strategy. Step 3: Get real-time visibility at portfolio level. Step 4: Adopt Hybrid methodologies when delivering the work. Step 5: Adaptive and ongoing management. Conclusion: Strategic Portfolio Management, welcome to the new era of PPM.
Nov 5, 2024 · The challenges underscore that while portfolio management is a strategic undertaking, poor execution can frustrate the best of plans—and that tactical excellence can be a difference maker. Active portfolio management is an ongoing process, both in terms of determining the optimal business mix and following through with the resources and engagement needed to bring it to fruition. It takes insight and effort to create substantial value for shareholders.
