Achieving Strategic Change through Portfolio Management

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Achieving Strategic Change through Portfolio Management
Randy Holt, US
Strategic change by definition is the change within an organization necessary to reach their strategic goals and objectives.
It is incumbent on leadership to communicate the company’s strategic goals and objectives; however, it is also important to provide a method to achieve the strategic change necessary to achieve those goals and objectives.
Without a method to execute the change, there will be a number of fits and starts, confusion and frustration experienced by the organization. This will be the case with even the most dedicated employees; in fact, it may affect them even more because they want to make effective contributions.
One way that works to drive change through an organization is to define a portfolio of projects that will deliver on the corporate strategy and involve all of the employees necessary to deliver the projects. This keeps people focused and involved in the organizational change and keeps them motivated because they can see the results of their contribution.

Project Portfolio Management
Dalahn Colley , Entrepreneur, United States
Project portfolio management organizes a series of projects into a single portfolio of reports that capture project objectives and other critical factors (Haughey D.,2000).
The portfolio should contain projects that are measured according to the value offered to the organization.
Project portfolio management offers a comprehensive view/analysis of all organizational projects in their entirety. This affords the organization a broader prospective and the ability to gauge and choose projects most beneficial to the achievement of organizational goals.



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