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Capital Effectiveness & Efficiency

Publication No
IR394-2
Type
Implementation Resource
Publication Date
Jul 01, 2023
Pages
115
Research Team
RT-394
DOCUMENT DETAILS
Abstract
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Abstract

The Portfolio Management Process sits between Corporate Management and Project Management. Figure 1 offers a visual representation of the Portfolio Management Process, showing its link to Corporate Management and Project Management, as well as the stages and activities necessary to identify, select, develop, and manage the capital project portfolio effectively and efficiently.


FR-394 Fig1.jpg

Figure 1. The Relationship between Corporate Management, the Identified Portfolio Management Stages, and Project Management


Each stage of the Portfolio Management Process is divided into multiple activities. Each activity has the following characteristics:

  • Description: Detailed explanation of the activity and its role in the portfolio management process.
  • Basic Steps: General step-by-step overview on how to perform the activity.
  • Potentially Relevant Parties: List of potentially relevant organizational functions and departments that could be involved to complete the activity and integrate business and project teams.
  • Potentially Relevant Inputs: List of potentially relevant input information necessary to complete the activity and integrate business and project teams.
  • Potentially Relevant Outputs: List of potentially relevant output information necessary to complete the activity and integrate business and project teams.
  • Activity-specific Benefits of Business-Project Team Integration: Explanation of the relevancy of integrating business and project teams during that activity and how it contributes to improving capital effectiveness and capital efficiency.
  • Observations from Case Studies: Relevant implementations of the activity as the team observed from industry cases.

A key aspect of the Portfolio Management Process is the importance of business-project team integration. Organizations can use this tool to integrate their business and project teams during portfolio planning and project initiation.

Filters & Tags
Best Practice
Project Phase
Keywords
improved business-project team integration, improved portfolio processes definition, improved portfolio processes standardization, improved portfolio processes execution improved cross-functional communication, improved cross-functional integration, improved cross-functional alignment, improved capital effectiveness and efficiency, improved capital planning and allocation, improved identification and selection of capital project opportunities, improved capital projects resource allocation and visibility, improved alignment of business strategy and project objectives