Portfolio Management - Managing the lifecycle

  • 5 years ago
In this video, learn the need for portfolio management at each step of the lifecycle, especially those steps not traditionally viewed as part of it.
Portfolio management isn't a series…of individual processes aligning different areas…of business-planning and project delivery.…It's a single, integrated approach…to connecting strategy with execution…to achieve business goals.…Only when all of the different elements,…from idea capture to benefits achievement…are managed together,…can the chances of success be optimized,…kind of like a jigsaw puzzle.…This overarching strategic approach supports the achievement…of organizational goals…by connecting every step with the overall journey…of delivering business benefits.…

When businesses fall short of their goals,…it's often because they're unaware…that some of their actions…are hurting their chances of success.…Commonly, teams or individuals do what they think is best.…But if they're operating without the full understanding…of how their work contributes to business success,…they'll inevitably make mistakes.…Consider a situation…where a project is late and over budget.…Project management on its own may cut features…
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