Portfolio management helps organisations make decisions about implementing the right changes to their business as usual activity via projects and programmes. Portfolio management is not concerned with the detailed management of these projects and programmes; rather, it approaches the management of change projects and programmes from a strategic viewpoint. It could be defined as “a coordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual.”
Rather than representing a new discipline, portfolio management seeks to build on, and better coordinate, existing processes such as strategic planning, investment appraisal and project and programme management. Portfolio management is not concerned with the detailed management of these projects and programmes; rather, it approaches the management of change projects and programmes from a strategic viewpoint, focusing on the key issues outlined above.
AXELOS Management of Portfolios (MoP®) is structured around five flexible principles, within which, the two cycles and the 12 portfolio management practices exist. This can be shown by the following diagram. Unlike most methods, all portfolio management principles, cycles and practices are used at the same time albeit at varying levels of intensity, depending on the organisation and the environment in which it works.
The proven benefits of organisations using MoP® for their portfolio management frameworks, and ongoing management, includes:
MoP® is structured around five flexible principles, within which, the two cycles and the 12 portfolio management practices exist. This can be shown by the following diagram. Unlike most methods, all portfolio management principles, cycles and practices are used at the same time albeit at varying levels of intensity, depending on the organisation and the environment in which it works.
The PM Solutions Australia delivered MoP® (Management of Portfolios), provides senior executives and those responsible for planning and implementing change, with a set of principles, techniques and practices to introduce or re-energise portfolio management. Our MoP® services, better assist organisations to answer the fundamental question:
Are we sure this investment is right for us and how will it contribute to our strategic objectives?
The model below shows how MoP® assists in answering these questions and brings together the key activities required to successfully define and deliver a portfolio of change.
AXELOS MoP® has been developed to provide senior executives and decision-makers with an overview of portfolio management – the principles upon which it is based, some of the techniques used, and how to get started and sustain progress.
MoP is closely aligned to the programme and project management methodologies outlined in MSP® and PRINCE2®, but focuses on the management of the change that is delivered by formalised project and programme management, rather than the individual initiatives.
MoP® holistically addresses the key concepts of portfolio management, its benefits to an organisation and how it fits in with current business processes.
PM Solutions Australia is a globally accredited AXELOS Consulting Partner – certified in the delivery of Management of Portfolios (MoP®) services, frameworks, methods and tools.
AXELOS Consulting Partners, like PM Solutions Australia, are highly professional consulting organisations that work with clients to develop their capabilities in portfolio, program and project management and the global best practices methods for portfolio, program and project delivery.
‘ACP’ organisations, such as PM Solutions Australia, offer consultancy in AXELOS product areas to equip people and organisations with the essential skills to implement planned change, which they may not access to internally.
From Australia’s largest P3O modelling engagement, to the project management of green houses in Fiji, integrated locker systems projects in the New Zealand Alps and whole-of-government ERP system program in Australia…our experience is hard to beat!
PM Solutions Australia is an accredited AXELOS Consulting Partner and able to provide quality assured consulting services relating to the AXELOS best practice portfolio products including PRINCE2®, PRINCE2 Agile®, MSP®, AgileSHIFT®, MoP®, P3O® and P3M3® Maturity Modelling. PM Solutions Australia constantly demonstrates their commitment to Global Best Practice through its accreditation by AXELOS, with our customers confident in our credibility and authority to assess their business and practices areas.Learn more
PM Solutions Australia is certified AXELOS Consulting Partner and P3M3® Consulting Partner. These certifications allow our experienced P3M3® consultants to provide a quality assured assessment of the process employed, the competencies of people, the tools deployed and the management information used to manage and deliver improvements.
P3M3 allows an assessment of the process employed, the competencies of people, the tools deployed and the management of information used to manage and deliver improvements. This allows organisations to determine their strengths and weaknesses in delivering change.
Transformation is necessary. It is also hard.
Increasing customer demand and expectation, the rise of disruptive competitors shaking up established industries, legacy processes that no longer fit in today’s environment, a company culture that fails to support rapid go-to-market. Most organisations today recognise that the business landscape is changing and if they want to survive, they need to change.
PM Solutions Australia is one of the world’s first AXELOS accredited AgileSHIFT® Consulting Partners, providing services across Australia and New Zealand.Learn more
Find out how PM Solutions Australia can design, deliver and implementation ICT frameworks to improve your portfolio management capabilities and deliver better project outcomes.