Portfolio management SIG discovery day
On the 21st of July 2010 over 80 people gathered at the DEFRA headquarters in Londons Smith Square to hear about APM's plans for a Portfolio Management Specific Interest Group. For some time now a portfolio management group has existed with representation from various government departments and it is now being proposed that the group is taken forward as an APM Specific Interest Group.
Those present at the conference, chaired by Achilleas Mavrellis of DEFRA, heard presentations from a number of speakers including John Ward of Cranfield University who spoke about his latest research project into understanding the project portfolio management approaches organisations are actually using, how they are applying them in practice and how project portfolio management allows performance and risk to be balanced, especially in response to different economic and other external factors.
The research findings are due to be published later this year but John was able to share some of the conclusions, one of which was that most organisations have yet to achieve accurate strategic alignment of the portfolio most projects are not driven by the strategy, but evaluated against it and that this may be due to the uncertainties of the strategy in the current climate.