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Phases of Business Management by Portfolio - Coggle Diagram
Phases
of Business Management by Portfolio
1. Initiating Business Management by Portfolio
Business plan
Business improvement
New ideas
Product improvement
"Initiatives that hold opportunity for he organisation are identified, tested and approved"
2. Planning the scope of the work
Identify opportunties
Determine their feasibility
"tested for feasibility through the determination of feasibility criteria and market research"
Develop and approve business case
"based on weighted multi-criteria algorithm, developed from the strategic business goals"
Develop business scope
business charter
"developed for approved projects, assigned resources, developed at portfolio, programme and project level"
business statement of work
"defines the portfolio and programme objectives and boundaries, as well as work break down structure"
3. Business feasibility study
Product profiling
description, technology, organisational structure, schedule, finance
Customer profiling
type, requirements, adoption, retention, marketing AND marketing strategy
Competitive profiling
competitive advantage, competitor profile, competitive ability
Findings & conclusions
"explores the organisation's ability to deliver on the product or service characteristics, given constraints and boundaries"
4. Business case
Business issues and problems
Market research
Organisational impact
Technology migration
Alternative solutions
Cost-benefit analysis
Recommendations
Approval and justifications
5. Business Project Charter
Project list
Project details
Stakeholder list
Success criteria
Project description
Project purpose/justification
Milestone schedule
Summary budget and basis
Business contraints
Assumptions
High-level risks
6. Business Statement of Work
Project details, objective and acceptance criteria
Product objective and acceptance criteria
Project boundaries, assumptions, organisation and constraints
Work, product and risk breakdown structure
Management requirements