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Strategic Portfolio Management

Launchtown – Strategic Portfolio Management Mastered

Welcome to Launchtown, the culminating stage of your PMO transformation journey. This phase elevates your EPMO to new heights, focusing on Strategic Portfolio Management and improved decision-making. In Launchtown, you’ll transition from implementation to innovation, shaping the future of your organization through data-driven portfolio strategies.

Benefits

Continuous Improvement: Elevate functional processes to exceptional standards.
Dynamic Portfolio Management: Harness multiple ‘what-if’ scenarios for optimal decision-making.
Strategic Portfolio Selection: Align portfolios with organizational aspirations.
Future-Proofing: Equip your EPMO to navigate future uncertainties.
Empowered Decision-Making: Provide comprehensive data and predictive analytics at every tier.

Major Deliverables

Portfolio University: (Training) Equip Portfolio Managers with advanced skills in portfolio creation, maintenance, and scenario planning.

Portfolio Capital: (Reports) A suite of reports focused on costs, budgets, variances, and strategic alignment across portfolios.

What’s Included

Compass Edition:

  • All deliverables from the Compass Edition of The Ultimate PMO Roadmap

Atlas Edition:

  • All Compass Edition deliverables
  • Choice of Training delivery methods: OnDemand, Virtual, In-person, or hybrid training sessions
    • Portfolio, Program, Strategy Stakeholders
  • Enhanced Admin and Report Developer Training
  • Customized Portfolio reports for Strategy, Portfolio Alignments and Scenario Planning
  • EPMO transformation, continuous improvement consultation sessions

GPS Edition:

  • All Atlas Edition deliverables
  • Fully managed EPMO transformation:
    • Our experts guide you through each step of the process
    • Customized implementation of Portfolio Training with multiple delivery methods
    • Tailored setup and optimization of all reporting tools
  • Ongoing support and optimization throughout the EPMO transformation
  • Regular check-ins and progress assessments

Prerequisites

  • Successful implementation and stabilization of Futureland for at least 2+ months
  • Complete portfolio of work, demand, and projects
  • Readiness of all departments for advanced portfolio management

Typical Timeframes

Depends on commitment from Portfolio Management and Leadership.

Participants

Enterprise-wide

Recommendations/Strategy

  • Initially conduct portfolio management behind the scenes within the PMO/EPMO
  • Practice extensively before facilitating the first official Portfolio Selection
  • Recognize portfolio management as both an art and a technical endeavor
  • Allow ample time for Portfolio Managers to master scoring, ranking, drivers, and portfolio management techniques

KPIs

Portfolio Performance Index: Measure the overall performance of selected portfolios against strategic objectives.
Resource Optimization Rate: Track the improvement in resource allocation across portfolios.
Strategic Alignment Score: Assess how well the selected portfolios align with organizational goals and drivers.
Scenario Accuracy: Measure the accuracy of “what-if” scenario predictions compared to actual outcomes.
Portfolio ROI: Calculate the return on investment for implemented portfolios.
Decision Cycle Time: Track the time taken to make strategic portfolio decisions.
Stakeholder Satisfaction: Gauge the satisfaction of key stakeholders with portfolio selection and management processes.
Risk Mitigation Effectiveness: Assess how well portfolio management strategies mitigate identified risks.
Innovation Index: Measure the percentage of projects in portfolios that are classified as innovative or transformative.
Forecast Accuracy: Compare initial portfolio forecasts with actual results to improve future planning.
Budget Variance: Track the difference between planned and actual portfolio costs.
Strategic Initiative Success Rate: Measure the percentage of strategic initiatives successfully completed within selected portfolios.

Next Steps

  1. Continuous Portfolio Optimization: Regularly review and refine portfolio selection criteria and processes.
  2. Advanced Analytics Integration: Explore and implement more sophisticated predictive analytics tools to enhance scenario planning.
  3. Cross-Organizational Collaboration: Foster increased collaboration between portfolio managers and other key stakeholders to ensure alignment with evolving organizational goals.
  4. Knowledge Sharing: Establish a system for sharing best practices and lessons learned in advanced portfolio management across the organization.
  5. Strategic Foresight Development: Develop capabilities for long-term strategic foresight to anticipate future trends and challenges.
  6. Maturity Assessment: Conduct regular EPMO maturity assessments to identify areas for continued improvement and innovation.

Congratulations on reaching the pinnacle of PMO to EPMO transformation! While Launchtown represents the culmination of your PMO Roadmap journey, it’s also the beginning of a new era of strategic excellence for your organization.

Ready to take your EPMO to unprecedented heights? Our team of expert consultants is here to guide you through the complexities of advanced portfolio management and help you unlock the full potential of your EPMO. Whether you need assistance with fine-tuning your portfolio selection process, implementing cutting-edge analytics, or developing long-term strategic foresight capabilities, we’re here to ensure your continued success.

Don’t let your EPMO journey end here. Contact us today to explore how we can help you maintain your competitive edge and drive continuous innovation in your organization. Let’s shape the future of project and portfolio management together!

Are you Ready to Start?

Download The Ultimate PMO Roadmap Free Version now and you’ll be able to start in minutes. Or Contact us for a customized quote.

Want to find out more about the PMO Roadmap Metaphor and how it works? Click the image below.

the pmo roadmap