Please enable JavaScript.
Coggle requires JavaScript to display documents.
Business Planning by Portfolio - Coggle Diagram
Business Planning by Portfolio
The Model:
Portfolio
Full of business ideas
A fund that is available to fund projects that drive strategic goals
Strategic business goals
Things like growth, improvement, maintenance, cost reduction, cost avoidance and corporate citizenship
Each goal is given a weight
weights add up to 100
weight x score = weighted score
sum weighted scores
highest number is best contribution to strategic goals
Portfolio resource management
Obviously
each project uses resources
They are organised according to their weighted contribution to goals and then resources are allocated accordingly
Portfolio objective
The portfolio wants to:
add value to the organisation
contribute to strategic goals
minimise cost and improve resource use
Business portfolio
manager
A dude who manages the list of projects
project charter
strategy alignment
finances
HR
performance
risk
Project
manager
A dude who manages an individual project
handles deliverables
develops plan
Overview of Business
Planning
by Portfolio:
Aka the Phases of Planning:
Initiate planning
identify initiatives that hold opportunity
business plan
business improvement
new ideas
product improvement
Plan
scope of work
ID your opportunities
ID feasibility of these
start business case
develop business scope
you get this scope with
business charter
statement of work
Feasibility study
Answers if the organization can do it
Answers if the organization will benefit
Profile:
Product
Customer
Competition
Develop
"Business Case"
Makes a case for the business portfolio.
Cost-benefit analysis
Recommendations of approval or not
Business issues
Market research
Organisation impact
Technology migration
Alternative solutions
Cost-benefit analysis
Recommendation
Approval & Justification
Cost-benefit achieved using strategic goals
Develop
"Project Charter"
The final planning piece that outlines everything.
Appoints the project manager, approves budget, gives authority to manager.
Develop
"Statement of Work"
A contract. Captures the complete scope of work the project manager is responsible for.
Pg 104 has summary