From the course: Project Portfolio Management Foundations
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Leadership
- Without leadership, there will be no portfolio and no portfolio management. As the leaders of the business, your executive team, department heads, et cetera have to commit to the concept of portfolio management in the first place and they need to back that commitment with financial and people resources. They also have to allow time for portfolio management to develop and evolve. It doesn't succeed overnight. The setting of goals and objectives for the business is no longer a once-a-year process, or at least it shouldn't be. While the development and review of your company's strategic plan and the setting of targets for the next financial period likely still happens annually, those targets must be continuously reviewed. All businesses operate in a rapidly-changing environment. That environment will influence the ability to achieve current goals and create opportunities to set new ones. If your leadership does not recognize this evolving environment, they will fail. You may deliver a…
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