STANDARD FOR PORTFOLIO MANAGEMENT

Change Life Cycle Framework
1. Imagen
Is designed to improve the ability of organizations to successfully manage change
Organizational context
1. Imagen
Ten Underlying Principles and Practices
1. Imagen
Strategy Execution
1. Imagen
  1. Information in a chronological fashion
  2. High-level strategic direction
2. The selection and authorization of initiatives
  1. Strategic initiatives
    1. Breakthrough platforms
    2. New value creation opportunities
    3. New channels
    4. New markets
    5. New capabilities
    6. New business models
    7. New products
  2. Sustain competitive advantage
  3. Benefit value
    1. Measure Benefits Realization
      1. Imagen
Portfolio
1. High-level view
  1. Imagen
2. Exists to achieve one or more organizational strategies and objectives
3. The portfolio components are quantifiable
  1. They may be measured, ranked, and prioritized.
4. Is a component collection of programs, projects, or operations managed as a group to achieve strategic objectives
Identifies portfolio management processes generally recognized as good practices
Strategic level
1. Determine whether the selected projects, subportfolios, and programs align with the organization's strategies and realize the expected value for the business
2. Major factors with the people
  1. Ability of the people to absorb the change
  2. Potential resistance to the change
  3. Unintended impacts of the change
Formulate Change
1. Understanding of the strategic objectives
  1. Strategic goals
    1. Lead to change in the organization's people, processes, systems, and technologies
  2. Assessment
    1. Executive level
    2. Operations level
2. Scope of Change
  1. Change Impact Assessment
  2. Change readiness assessment
  3. Agreements for coordination with program management
Change Management
Strategic Change
1. Imagen
Assess Readiness for Change
1. Include the capability for the affected section of the organization to maintain a minimum acceptable level of performance during the change
Three Portfolio Management Process Group
1. Defining Process Group, Aligning Process Group and Authorizing and Controlling Process Group
  1. Useful when
    1. Establishing the initial portfolio
    2. Periodically updating the portfolio after it is established
    3. A significant breakthrough or new discovery occurs
  2. Interactions
    1. Imagen

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STANDARD FOR PORTFOLIO MANAGEMENT

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	Created by Victor Manuel Ramirez Luna over 7 years ago