Portfolio Management enables strategic decisions to be made based on a balance of long-term strategies and short-term imperatives, agile governance and a series of adaptable processes, tools and techniques. The purpose is to optimise investment and project selection decisions and other strategic activity required to achieve the organisation’s strategic objectives.
Common business pressures that serve as a catalyst to evolve a focus on Portfolio Management can include:
Benefits management sits at the heart of successful change. It is a proactive measurement activity which focuses on anticipated and opportunistic improvements and returns as you invest in business transformation. Change portfolios, programmes and projects are designed to deliver enduring value to an organisation in direct contribution to achieving its strategic objectives. The PwC benefits realisation approach puts value creation at the centre of the activities around any transformation, rather than as a separate stream of work. It defines all the other elements of your transformation work.
A focus on effective benefits management ensures that:
Project recovery framework identifies alternative project approaches and strategies, which can place a project firmly back on track and salvage current and future investment. It is the application of a methodical approach to improve the project's longer-term prospects.
A project recovery programme can be initiated by a need to address issues of:
The programme maturity assessment (PMA) assesses the delivery capability of a portfolio or programme and creates actionable recommendations, specific to the business context. Using PwC’s 12 elements of delivery excellence, the maturity and effectiveness of organisation’s programme management, governance, delivery and controls can be assessed and actions recommended to enhance the likelihood of success.
The PMA allows clients to understand strengths and weaknesses in areas that can include:
Programme mobilisation is designed to help you set the tone and pace and point the programme in the right direction from the outset. Establishing an appropriate PMO that allows a level of control suitable for the complexity of your programme. Plus one that the insight you need to take decisions and ensure your programme remains aligned with your strategic priorities.
PMO mobilisation allows you to address potential weak areas such as:
Agile transformation is a way to thrive together in a world of disruption, where we work together to rapidly create customer value through sustainable new ways of working.
The agile transformation approach means that we work with you to: