Portfolio Management Process Groups

Portfolio Management Process Groups comprise five integrated phases that guide strategic portfolio execution. These include Defining, Aligning, Authorizing & Controlling, and Oversight processes. The Defining Process Group establishes the portfolio structure by developing strategic plans, creating the portfolio charter, and setting performance goals. This group focuses on clarifying the portfolio's scope, vision, and establishing governance frameworks that align with organizational objectives. The Aligning Process Group evaluates and prioritizes components (projects, programs, operations) based on their strategic fit and potential value. This involves analyzing opportunities against established criteria, categorizing components, and creating an optimized portfolio roadmap that maximizes organizational benefits. The Authorizing & Controlling Process Group involves approving portfolio components, allocating necessary resources, and establishing clear performance metrics. This group manages portfolio risks, monitors component progress, and implements adjustments when deviations from strategic goals occur. The Oversight Process Group focuses on ensuring ongoing portfolio health through performance reviews, capability assessment, and value delivery monitoring. This group maintains governance adherence and facilitates strategic change management. Across all groups runs the essential Communication Management function, which ensures stakeholders receive appropriate information about portfolio decisions and performance. These process groups operate cyclically rather than linearly, with continuous feedback loops enabling responsive portfolio management. The integration of these groups creates a comprehensive framework that helps organizations transform strategic vision into tangible business results through effective portfolio execution. The framework balances structure with adaptability, allowing portfolio managers to respond to changing market conditions while maintaining strategic alignment.

Portfolio Management Process Groups comprise five integrated phases that guide strategic portfolio execution. These include Defining, Aligning, Authorizing & Controlling, and Oversight processes. Th…

Concepts covered: Process Groups, Common inputs and outputs, Processes Interactions