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What is Portfolio Management ? Image, “paperwork 2” by Isaac Bowen at https://www.flickr.com/photos/isaacbowen/
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Who We Are...Heather Dawson, PMP
Project and Portfolio Manager, Learning Design/Outreach PMO
Previously an Instructional Designer for World Campus Learning Design
Karen Liddick, PMPH
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What Portfolio Management Can Do For You
What we are going to talk about...What is portfolio management?
Project alignment with business strategy and goals
Process for project vetting and prioritization
Data-driven decisions
What is Portfolio Management ?Image, “paperwork 2” by Isaac Bowen at https://www.flickr.com/photos/isaacbowen/2752095700
Benefits
➔ Alignment with Organizational Goals
➔ Collaborative Decision-Making
➔ Transparency and Focus
➔ Agility
➔ Comprehensive View of Health and Well-Being
Steering CommitteeImage, “boat 2” by Mark S Oliver at https://www.flickr.com/photos/marksmoliver/6155530352/
Take Away...Determine who will be on your Steering Committee
Develop a charter responsibilities
quorum
operating procedures
Decision-Makingapproval/denial
prioritization
Common definition of Project
Project Intake Image, “funnel render red plastic” by Ajay Parmar at https://www.flickr.com/photos/ajay_parmar/10745246056
Take Away
All requests go through same “funnel”
Standard request/proposal form
Project Proposal EvaluationImage, “paperwork 2” by Isaac Bowen at https://www.flickr.com/photos/isaacbowen/2752095700
Take Away...
Should we do this?
alignment with goals/strategic vision
provides “balance”
Can we do this?
right resources
financial considerations
time
Project PrioritizationImage, “Changed priorities ahead” by Jonas Bengtsson at https://www.flickr.com/photos/jonasb/2876165381
High
strict timeframe, high visibility, management decision
this is where staff time should be focused
Medium
when can’t do any more work on the high priority projects
Low
may or may not eventually get resources
Take Away...
Portfolio Management ActivityIn small groups, review new project proposals and prioritize your portfolio:
evaluate new proposals
review against unit goals
prioritize
timeline
available resources
high, medium, low
Performance ManagementImage, at https://www.pexels.com/photo/car-vehicle-measure-fast-1356
