Key Artifacts for Portfolio mgmt

Strategic plan: A strategic plan outlines the vision and strategy of the organization and identifies the high-level initiatives and themes in the portfolio where investments will be made to accomplish the business objectives.

Charter: The charter, not unlike a project-to-program level charter, formally authorizes and provides the mission to the portfolio manager for applying resources to effectively manage the portfolio. Chartering a portfolio also links a portfolio to the business strategy and describes how the portfolio will deliver the stream of value over time.

The portfolio management plan: This includes the details which describe the approach for running the portfolio. This includes, but not limited to, the governance model applied, how changes will be made, ongoing risk and communication methods, and key performance indicators, or KPIs, that will be used to measure portfolio performance against the business objectives it’s intended to deliver against.

Roadmap: The road map provides a high-level layout of the various components that will be delivered over time. The road map is useful for ensuring component level dependencies within the portfolio are established. The roadmap also helps visualize a sequence of work that the organization will complete to deliver the strategies it intends to do.The final deliverable is the portfolio itself.

Portfolio: The portfolio, as discussed earlier, is a collection of work components. Components are funded as individual initiatives, operations, or they can be grouped into investment themes. Investments made in the portfolio are what enable the value streams and components necessary to deliver the organization’s strategic objectives.

Together, these deliverables help establish healthy portfolio management processes, including the funded backlog of work necessary to achieve the organization’s objectives.