The Politics of Portfolio Management: Why It’s Harder Than It Looks |
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Portfolio management is one of the concepts that, on the face of it, organizations should naturally want to embrace. Most executives and project managers alike will acknowledge with little prompting that many of their challenges go beyond just the project level. Competition for resources and funding, too much work underway and pressure to address both operational and project responsibilities all speak to the need to make more effective project choices. Once this need is recognized, the concept of portfolio management quickly emerges as a logical direction to explore.
The principles of portfolio management are extremely straightforward. At its core essence, portfolio management addresses three fundamental questions:
While these are entirely reasonable questions, and relatively simple ones to ask, the answers are more complex and involved.
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