This resource looks at the role of portfolio management and outlines:
- How to gauge the level of risk and likely return on investment of particular uses of technology
- The role of very senior managers in directing the programmes and projects within their portfolio
We have attempted to keep this guidance as free from jargon as possible. It is however inextricably linked to a set of resources for specialist project managers and references two definitive models widely used throughout the UK and elsewhere:
- PRINCE2 (PRojects IN Controlled Environments)
- MSP (Managing Successful Programmes)
If you do not have a background in this field it is highly recommended that you take a brief look at the project and programme management guides in order to familiarise yourself with the key concepts and terminology.
PRINCE2
PRINCE2 is recognised as a world-class international product and is the standard method for project management, not least because it embodies many years of good practice in project management and provides a flexible and adaptable approach to suit all projects. It is a project management method designed to provide a framework covering the wide variety of disciplines and activities required within a project.
Office of Government Commerce, 2007
Visit the PRINCE2 website for more information.
MSP (Managing Successful Projects)
Programmes are different from projects in that it is their outcomes that matter, not their outputs. Programmes are initiated to realise benefits through change, whether to do things differently, to do different things, or to do things that will influence others to change.
Office of Government Commerce, 2007
Visit the MSP Website.