Beyond Tactical Shores: Ride the New Portfolio Management Wave

Portfolio management is something everyone says they need, but few use it to its fullest potential; too often it’s tactical and too narrowly focused. Planning is reduced to annual budget cycles rather than strategic investment, emphasizing time over value, bogging down the demand pipeline, making it impossible to pivot when high value work is needed. This elemental disconnect frustrates business executives, IT and product organizations alike because they cannot effectively trace costs to value. Product and project teams are continually faced with bottlenecks caused by a combination of constrained resources and unforeseen dependencies. Companies are trying to combat this, but they’re not holistically; they are interested in business process and capability management, but not always linking it to planning and execution processes. They are trying to adopt Agile but in isolated projects. This tension is creating a culture shift that is forcing companies to fundamentally change the way they plan and execute. The next generation of portfolio management must be holistic, a combination of approaches and supporting technology that marries long term vision while optimizing work in ways that supports flexibility without incurring unnecessary risk. This presentation discusses the cultural shifts, current technology trends, and future opportunities for companies to use portfolio management to its greatest potential in order to plan strategically while managing the flow of work in a way that promotes flexibility and predictability in order to achieve greater value. *All attendees will be eligible for 1 PMI PDU