Elements and Performance Criteria
- Apply portfolio metrics, measurement and report
- Develop and review a portfolio communications strategy, for use by portfolio staff
- Capture and manage information on projects and programs that comprise the portfolio and their status using a portfolio management information system
- Verify progress reports to executive management show achievement or non-achievement toward strategic objectives
- Communicate project selection criteria and project selection model throughout the organisation
- Integrate portfolio data collection processes and systems into organisational processes and systems
- Undertake stakeholder engagement and management
- Develop and implement process for organisational strategic management planning team to interact with executive management
- Consider internal and external stakeholder needs in portfolio mix
- Verify the organisation fosters a culture of continuous improvement and of open internal disclosure of appropriate portfolio information
- Communicate portfolio review outcomes
- Identify and communicate criteria to evaluate portfolio management success
- Forward portfolio management reports containing strategic information of portfolio status and progress to key project stakeholders according to task requirements
- Communicate projects selected for inclusion in and rejection from the portfolio along with the rationale for the decision