- Organize the organization’s project portfolio in a single place.
- Establish a portfolio delivery plan and monitor progress.
- Track project performance and compare to forecast. Store results and learnings.
- Review and identify dependencies
- Establish clear governance structures for stakeholders to understand governance of the project portfolio.
- Define a standard set of investment criteria to be used to appraisal and prioritization.
- Apply phased releases of funding based on project life-cycle
PRINCE2 is part of a suite of guidance developed by the UK Office of
Governmant Commerce (OGC). MoP (Management of Portfolios) is one other of the
pieces in OGC’s best-practice guidance.
The MoP (Management of Portfolios)
guidance provides senior executives and practitioners responsible for planning
and implementing change, with a set of principles, techniques and practices to
introduce or re-energize portfolio management.
MoP helps organizations answer
the fundamental questions: Are we sure this investment is right for us and how
will it contribute to our strategic objectives?
Related articles:
Beyond PRINCE2 II: Managing Successful Programmes (MSP)
What is PRINCE2 - really?
Related articles:
Beyond PRINCE2 II: Managing Successful Programmes (MSP)
What is PRINCE2 - really?
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