Making portfolio management sound easy
Posted by APM on 11th Oct 2010
At an APM Programme Management SIG event on the 23rd of March 2010, Mike Ward described the various steps that lead to the creation of a successful portfolio management function one that provides strategic control of the organisations collection of project and programmes so that senior management can see what they are getting for their money. A key element of this is providing objective evidence to cull the projects that are not worthwhile. Using examples from the transport, energy and public sectors, Mike also explained various approaches that could be used, to greater or lesser success, to agree the projects that should be culled.
What came across strongly to me was that Mikes personality was probably an important ingredient of success relaxed but focussed, modest but incisive, and able to show complex relationships in easy-to-understand terms.
Mikes presentation provoked considerable discussion amongst an audience of highly experienced programme, portfolio and project management office managers, after which James Dale proposed a vote of thanks on behalf of the audience. He also thanked Logica Plc for providing the venue and refreshments at their Kings Place offices.
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The terms success and failure may appear obvious but in a change initiative what do they really mean? By what measures are we determining success and failure or according to whom?