Moving Strategically: From Vision to Reality
Strategy provides a clear vision and roadmap to achieve long-term success. Effective strategy execution brings this vision to fruition through a portfolio of initiatives, programs, and projects. Learn how these elements work together to deliver strategic objectives.
Strategy and Portfolio Management
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Strategy
Provides clear vision and roadmap for long-term success
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Strategy Execution
Practice of bringing strategy to fruition
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Portfolio
Collection of initiatives that deliver on strategic objectives
Understanding Portfolio Management
Portfolio Definition
A portfolio is a collection of initiatives that collectively deliver on strategic objectives. These initiatives are not necessarily related to each other but all contribute to the overall strategy.
Portfolio Management
Portfolio management involves overseeing and coordinating all the initiatives within the portfolio. It ensures that resources are allocated effectively and that all projects align with the organization's strategic goals.
Program and Project Management
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Portfolio Management
Overarching strategic coordination
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Program Management
Groups of related projects
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Project Management
Individual initiatives
Programs are groups of related projects that collectively deliver agreed benefits. Projects are single initiatives created to deliver specific agreed benefits. Both contribute to the overall portfolio and strategy execution.
Key Differences in Management Approaches
Portfolio Management
Focuses on strategic alignment and resource allocation across all initiatives
Program Management
Coordinates related projects to achieve collective benefits
Project Management
Manages individual initiatives to deliver specific outcomes
The Power of Project Management: Empowering organizations with the Power of Project Management through PMO to manage a business with enhanced capabilities for moving business strategically, fast decision-making, and managing human aspects.
Value of Services: Your success is our success and work collaboratively.
Knowledge Contribution
- Training Sessions On-Demand: learner.ppm.icms-tppm.com
- PMI - Articles –https://ppm.icms-tppm.com/articles/
- PM – Books - https://ppm.icms-tppm.com/book/
- PMI Webinars - https://ppm.icms-tppm.com/past-events/
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