For example, defining and authorizing the right components at the right time should be aligned with the organization’s goal.It is a good idea to integrate the portfolio management processes into the established processes of the business, so that it adds value to the business.
Please keep in mind that the governance of the authorized work is continuous regardless of whether the organization is applying waterfall, agile, or even a hybrid of the two frameworks.
A stage-gate or agile-based portfolio review checkpoints is also necessary and should be structured with sponsors and stakeholders during key reporting intervals.
With the adoption of portfolio management processes, there is also the need to implement various tools and techniques to help collect, analyze, integrate, and distribute portfolio information to stakeholders. These include software tools, documents, or simply excel spreadsheets.
PPM tools can be acquired commercially off the shelf or developed in-house and of course, they can be either automated or manual, including the use of spreadsheets.
A good approach is just to start with a solution that meets the immediate needs and enables the design to merge and scale over time as the processes become more integrated and mature.
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