Portfolio control - Project One

Background

It’s a big decision to invest your hard-earned profit into changing and improving your business, so the last thing you want is for the promised value to drift away

Don’t assume that just because you have individual change initiatives under control then your overall change portfolio will manage itself. That would be the same as assuming individually precisely controlled aircrafts can all land safely without the aid of air-traffic control! Not getting this portfolio control in place may result in a number of challenges:

Poor decisions will be made from incomplete or incorrect information, without a single version of the truth running across the portfolio
Dependencies will not be understood and tracked, resulting in unexpected delays and frustrations from your delivery teams when expected inputs don’t arrive
You will execute your programmes in the wrong order, and not maximise the speed of value delivery to the business
Value will erode, as overall cost increases, confidence decreases and change becomes irrelevant within the wider business.

There are a number of steps that need to be taken to avoid this. A small, but highly effective, central portfolio management team will often be required to facilitate these.

Relevant articles and customer stories

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Insight Defining your change portfolio and plan John Howarth

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Insight Developing an achievable change portfolio and roadmap John Howarth

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Insight Portfolio management in retail. What is it? And why do I need it? Paul Monteith

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Customer story Enterprise portfolio management for a global manufacturer

“Thank you for all the support, the team were super stars and were critical to our next phase of PPMO, we don’t know what we will do without them.”

Head of Strategy & Transformation
Global manufacturer

Award winning work

The Financial Times has listed Project One, for the fourth consecutive year, as one of the UK’s leading management consultants in its annual report, with a record-breaking 8 Silver awards for the firm, including being the only independent, SME boutique consultancy to be recognised with a silver rating for Digital Transformation and Organisation & Change.

Portfolio control will protect your investment in change

Award winning work