Category: Change and transformation

Subcategory: Change implementation

Portfolio management - POMG

Developing and applying a management framework to define and deliver a portfolio of programmes, projects and/or ongoing services.

Levels:

Level 5:
Description: Ensures programme/project leads and/or service owners adhere to the agreed portfolio management and governance frameworks. Explains what information is needed and ensures they provide this information to agreed targets of timelines and accuracy. Produces reports as appropriate for portfolio governance, including making recommendations for changes to the portfolio.

Level 6:
Description: Engages and influences senior managers to ensure the portfolio will deliver the agreed business objectives. Leads the definition, planning, scheduling and monitoring of portfolio activities, ensuring alignment with governance standards. Ensures each portfolio component contributes to the overall objectives. Identifies and addresses portfolio-related issues, recommending and monitoring corrective actions. Collects and summarises portfolio measures, reporting on status and ensuring compliance with governance frameworks.

Level 7:
Description: Authorises the structure of portfolios and aligns the portfolio with strategies, objectives, governance frameworks and emerging opportunities. Leads the definition, implementation and review of the organisation's portfolio management framework. Sets parameters for the prioritisation of resources and the changes to be implemented. Recommends and implements corrective action by engaging and influencing senior management. Leads the on-going monitoring and review of portfolios for impact on current business activities and the strategic benefits to be realised. Implements portfolio governance arrangements and effective reporting.