In an environment where IT investments are being scrutinized more than ever, Business and IT leader's top priorities are to deliver projects that maximize the business value. Aligning corporate strategy, business objectives, and project delivery is a recognized need, but also identified as difficult to achieve over time. Portfolio Management is a foundational activity within that effort, and is the continuous process of selecting and managing the optimum set of projects to deliver maximum business value. Primary activities include obtaining the information required to rapidly evaluate, prioritize, and approve projects, enabling the selection of the right projects for implementation, and in-flight and post-project reviews to ensure that project objectives are being met and the desired business value continues to be realized over time.
The portfolio management value proposition is simple … Understand project "needs" separate from available resources, attribute business impacts to projects, and hold projects accountable for business benefit. Without the right processes and systems it is difficult to complete the portfolio management process and obtain the expected value. Collabera provides organizations with the framework and advisory services to rationalize project costs and objectives, and its Portfolio Management offering, includes two primary areas of focus.
Portfolio Management Technology Strategy and Implementation - Identifying the need for Project Portfolio Management (PPM) tools requires an understanding and balance with an organization's existing toolset. Collabera provides a best-practice approach to align vendor capability with PPM tool requirements, and its experience with PPM tools helps organizations quickly compare and determine the applicability of tool features to organization needs. Once a PPM tool is selected, the Collabera approach includes developing an implementation roadmap that introduces the tool into an organization's technology infrastructure, and provides an environment to rapidly introduce it into the project portfolio and delivery environment.
Portfolio Rationalization - Managing a project portfolio is not much different from managing any other business portfolio whether it is financial, functional, or physical. Portfolio rationalization is a management tool that helps focus attention and action in seven key areas to:
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