The MoP (Management of Portfolios) training course developed by AXELOS™ provides a set of principles, techniques and practices to introduce or re-energise portfolio management. MoP helps organisations consistently answer the fundamental question: Are we sure these investments are the best for us and will they help us achieve our strategic objectives?
Portfolio management helps organisations make decisions about which are the most efficient projects and programmes to take the organisation forward to deliver their strategies. While project and programme management is concerned with managing projects well, portfolio management is concerned with choosing to implement the right projects.
MoP defines portfolio management as: “A coordinated collection of strategic processes and decisions that together enable the most effective balance of organisational change and business as usual.” MoP is a good framework that enables organisations to allocate budgets when there are competing demands.
Portfolio management builds on, and better coordinates, existing processes such as strategic planning, investment appraisal and project and programme management. Portfolio management is not concerned with the detailed management of these projects and programmes; rather, it’s value is in helping organisations to choose which projects and programmes to select and support to deliver the organisational objectives.
Unlike most methods, all portfolio management principles, cycles and practices are used at the same time, though at varying levels of intensity, depending on the organisation and the environment in which it works.
We offer MoP training courses in Wellington throughout the year.
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