Nigel Bell of HP gave an interesting and insightful talk on Portfolio Management (PfM) to the East of England branch.
PfM has been around for several years particularly in the Pharma, Oil exploration, Finance and IT sectors, but is now also being used by most large companies and Government. It’s about ensuring that the organisation gets the maximum benefit from its investment in new projects and programmes.
The APM Portfolio Management SIG started only in 2010, but has already grown to over 500 members. Nigel highlighted that nowadays with so much change and uncertainty, it’s important to be able to prioritise and change the overall investment mix when required and this is where PfM can really help.
Indeed, all organisations need a change capability now. Nigel talked about the PfM cycles, made reference to the new PfM Manual from OGC, and gave us the results of the recent PfM SIG survey, which stated that often PfM is done informally within organisations.