Successfully Achieving Strategy Through Effective Portfolio Management

STEP 2

Designing the Enterprise-Level Portfolio Management System

Step 2 Introduction

2.1 Find the Needs

2.2 Design Considerations

2.3 Doing the Financial Calculations

2.4 Rate the Project Risks

2.5 Dealing With Strategic Changes

Step 2 Summary

Step 2 Introduction

Alice: What road shall I take?

Cheshire cat: Where are you going?

Alice: I don’t know

Cheshire cat: Then any road will do!

—From Alice in Wonderland, by Lewis Carroll

Now that the organization is ready to accept change, it’s time to decide what types of projects will be part of the portfolio and how to select and prioritize them. We need to determine this before we can design the system. To do it, we need continuous feedback from the decision makers so that we can select the right ...