Shaping the pathway: an accelerated response
There has been significant investment in portfolio management in recent years and this has provided a major benefit within organisations; the feedback has been very positive.
Timing is everything, and portfolio management empowers organisations to deliver its change through supporting the executive to make the right decisions at the right time.
The enormity of the current economic and political challenge demands that organisations rapidly accelerate their maturity in response. There is not a ‘do nothing’ option, and many organisations are ill-prepared for the challenge ahead; the uncertainty is simply too much.
The successful organisations will be those which can plan, prepare and deliver the beneficial change necessary to stay competitive during sustained periods of uncertainty and volatility. Prioritising the organisation’s change and dealing with compromise involve breaking down boundaries and establishing new ways of working. The pathway is not easy; there will be many successes and many challenges. The ability to respond rapidly is dependent on good organisational governance, a mature capability in portfolio management and having the right team to successfully navigate the politics. It requires emotional intelligence, commitment, resilience and a desire to get to the end result quickly.
The organisations that are successful in delivering their portfolio of change will be those that can thrive in a future that will be very different from today; time will tell.
Six indicators of high performance
This report, the third in the ‘Managing the Portfolio’ series, presents six indicators of high performance for any organisation that wants to shape the pathway for their portfolio of change.