Effective portfolio management puts people front and center. It’s ultimately about helping people make good decisions about projects across organizational silos. Here are some ideas to stay focused on people.
- Build very strong support for the portfolio management process from executives and internal customers. This is especially important when it comes to saying “no” to projects. Strong buy-in will help you reduce end runs for pet projects.
- Enable frequent discussions and communications about the portfolio at all levels of the organization. Help people use the portfolio to make smart decisions by being clear about what projects are in it and open about how decisions are made.
- Use good organizational change management techniques, because portfolio management is as much about shared decision-making and behavior change as it is about analytics.
- Continuously seek feedback from your internal customers so you can improve your portfolio management process to meet their needs even better.
What would you add about the people side of portfolio management?