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The Value of Portfolio Management (PortfolioStep.com)
Portfolio management is a process to ensure that your company spends its scarce resources on the work
that is of most value to the organization. If you practice portfolio management throughout your company,
then this process helps to ensure that only the most valuable work is approved and managed across the
company. If you practice portfolio management at an organizational level, it will provide the same
function within your organization. Organization heads that do not understand how their budgets are being
spent, and who cannot validate that the work being funded is the most important, will find themselves
under greater scrutiny and second-guessing in the future. continue..
Portfolio Management Framework™ (PortfolioStep.com)
No company has the resources to meet all of its business needs. This is true in the best of times.
It certainly is even truer when times are tough. Even if your company is a rare one that has all the
money it needs, you definitely do not have the people capacity to complete everything you would like.
The typical response to managing scarce resources against an unlimited demand is to come up with some
type of prioritization process to ensure that you approve and fund the work that will provide the most
value. The next question, of course, is how you know that you are applying resources against the highest
priority and highest value work.. continue..
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