Translating Corporate Strategy into Project Strategy: Realizing Corporate Strategy Through Project Management

Portfolio Management Process

Portfolio management at the highest level within the division primarily consists of:

• Selecting a strategic areas of focus;

• Prioritizing projects within product areas based on potential value;

• Removing projects that no longer have sufficient potential value or strategic fit with the portfolio.

And at a more local level, it consists of:

• Prioritization of early projects;

• Analyzing resource load and capacity, and resolving resourcing issues.

A key aspect of portfolio management is the allocation of resources. There are never enough resources to meet all the opportunities that are potentially available. Therefore, resources have to be allocated clearly on the basis of perceived value and risk. Also, the dynamics of these ...