It matters little to simply know where portfolio management is going and wait with fascination for the future of its very practice without first knowing where it has been. Efforts to establish a firm source of guidance and best practice normality is an unmovable train of momentum for the key elements within the PPM landscape – risk, agile project management, programmes and change have all been given accreditation for practice across a variety of legislators (including APM Group, APM, PMI and ISEB). With the launch of the Portfolio Management Guidance on 8th February 2011, portfolios are next in line.
Other than what Craig Kilford has told us in this month’s newsletter, very little has been released with regard to the portfolio management guidance going forward, save for these nuggets:
- The Guidance on Portfolio Management’s public consultation draft is still available for your own cursory glance (PDF), though its mostly unlikely the email address given for feedback submissions will be taking on much more input at such a late date.
- An Executive Summary version of Portfolio Management is also available for perusal (PDF).
- Spokesmen for the OGC have revealed that there will be a Foundation Exam made available upon the launch of the guidance later this year. In keeping with standardised methods, the Portfolio Management Foundation Exam is expected to be similar in layout & scale to the PRINCE2 Foundation in that it is a closed-book exam populated with multiple-choice questions.
Now that we have a stronger idea of where we’re going, we wanted to know more about where we’ve been with regards to portfolio management. The people affected by portfolio management include folks across the PPM spectrum: project managers, programme managers, PMOs and so on. We wanted to know two things specifically:
- What does portfolio management mean to you in your profession as a Programme/Project Manager/PMO? How does it impact what you do?
- What will the new guidance on portfolio management mean to you, if anything?
Take a look at this month’s newsletter if you missed it - portfolio management edition to go to the Tipoffs newsletter page for January 2011. You can also subscribe to Tipoffs to receive a free copy each month. Next month’s newsletter looks at the Year of the Professional, which covers the different aspects of developing as a professional in project management.
Image courtesy of [holyshirt]johncatignas, reused with permission.
