Pragmatic portfolio management
Portfolio Management is growing in importance as organisations look to gain greater value from their overall investment in change and projects, and ensure that the portfolio does deliver the organisation’s strategic objectives. The APM 2020 vision that “every project succeeds” has sparked much discussion about how success is measured – at a time when project success is still not plentiful.
Killing off a project is often viewed as “failure” whereas, in contrast, the Portfolio Management SIG see it as a successful management action. Putting learning into action from both failed and successful projects and terminating projects as early as possible are key measures of success – success for the portfolio and in delivering an organisation’s strategy.
The presenters for the evening were Martin Samphire and David Dunning, both committee members of the PfM SIG. Martin and David outlined the achievements of the PfM SIG, describing the main features of Pragmatic Portfolio Management and also sharing the results of a recent survey on PfM.
The evening also included an interactive session allowing delegates the opportunity to debate the survey findings and share their experiences of PfM with both the presenters and fellow delegates.
Martin Samphire is owner and MD of 3pmxl, a Transformation and PPPM Capability Improvement Consultancy. He is also Chairman of the APM Governance SIG and a member of the PfM SIG committee. He is a mechanical engineer by training and started his PM career in Reading with Foster Wheeler.
Martin has worked in PPPM consultancy for a wide variety of clients during his time with The Nichols Group, Impact Plus, Hitachi Consulting and now with 3pmxl.
David Dunning is Director at Corporate Project Solutions (CPS) and brings more than 15 years’ experience implementing portfolio, programme and project management organisation, processes, technology and training. He is also a member of the PfM SIG committee.
He is a regular speaker for APM and PMI on portfolio and resource management. He is an engineering graduate (Manufacturing, Loughborough).