Many organizations are struggling with their project portfolio. The number of projects is increasing, there are continuously new surprises, overview of projects is lacking, several pet projects exists, the one who called the loudest, gets the priority, required resource insight is missing and we know what we spent, but don’t know what we get.
If you recognize this it’s probably time to get some structure in place. MoP, part of the Best Management Practice portfolio from the Cabinet Office, focuses on an organization’s collection of change initiatives and is based on tried and tested principles, practices and techniques that together help organization’s deliver their transformation agenda and realize strategic objectives.
The portfolio management model contains the five principles, the portfolio definition and portfolio delivery cycles and practices needed to effectively define and deliver the portfolio.
I created a MoP quick reference card to become familiar at a glance with this model. Have a look and please share your comments, remarks, improvements etc. To download: MoP (one pager, 140331)v0.3