Portfolio governance refers to the framework and processes used to oversee and manage a collection of projects and programs within an organization. It ensures that the portfolio aligns with the organization's strategic objectives, optimizes resource allocation, and maximizes value delivery. Effective portfolio governance involves clear roles,...
Portfolio strategic management is the process of aligning an organization's portfolio of projects, programs, and initiatives with its strategic objectives and priorities. It involves selecting, prioritizing, and managing a portfolio of projects and initiatives to ensure they collectively contribute to the organization's overall success and...
OKR stands for Objectives and Key Results. It's a goal-setting framework that helps organizations align and track their objectives and outcomes. Objectives are the overarching goals that an organization wants to achieve, while Key Results are specific, measurable outcomes that indicate progress towards those objectives. OKRs are typically set at...
Portfolios, programs, and projects are key concepts in project management, each serving a distinct purpose within an organization's strategic framework. Here's an overview of each:
Example: "To be the global leader in sustainable innovation, driving positive change for people and the planet."
Portfolio management encompasses various domains or areas of focus that contribute to the effective management of an organization's portfolio of projects and programs. Here are some key domains typically associated with portfolio management:
