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EY-PRM-Portfolio-management-transformation (1) - Insights...

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Insights ongovernance, riskand compliancePortfoliomanagementtransformationHow to effectively screen andalign your program portfoliowith strategic objectives
ContentsIntroduction...................................................1Are you doing the right projects?.....................2Portfolio management challenges....................4Portfolio management in practice....................7Conclusion...................................................15This insight on governance, risk and compliance (GRC) is part of a series of boardroomreports focused on program risk management (PRM) — please see ey.com/prmInsight onGRC thoughtleadershipPortfolio managementtransformationey.com/portfoliomanageBuilding confidence in executingIT programsey.com/itprmPredicting project risks improves successey.com/predictingriskKey questions• Are you doing the right projects?• How well are your importantprojects doing?Are your people aligned toward success?Are you ready to run a major project?Is the project set up for success?Who would beinterested on?• COOs/CEOs/CIOs who arefocused on selecting thoseprojects that are aligned withtheir organization’s vision andbest support business success• CFOs who are interested inmaximizing the value of theircapital investments• CEOs/COOs who are interested indeveloping competitive advantageby outperforming their peers inprogram execution• CIOs who are interested in effectivelyand successfully managing programs• CFOs who are interested inbetter cost performance of theirorganization’s programs• CEOs/COOs who are interested in developingcompetitive advantage by outperformingtheir peers in program execution• CIOs who want to understand what drivesprogram success and how to better predictprogram issues and performance• CFOs who want insight into potentialprogram performance issues prior to budgetand time overruns
How to transform projects through portfolio management| 1IntroductionToday’s economy is increasingly competitive. Market volatility, ceaseless pressureon margins and demanding stakeholders increase the difficulties of thriving in anincreasingly interconnected, interdependent and unpredictable global economy. Manyorganizations have yet to adapt to this new state of the economic landscape. Doingnothing is no longer an option — they need to adjust and take action now.As a consequence, many organizations are now transforming their businesses tostrengthen their organization to save costs, create more client-centricity, restorestakeholder confidence and/or embed new business models. For many organizations,long-term success depends on the success of these transformation programs. To makeit more challenging, the margin for error continues to be small, and the environment inwhich transformation needs to happen continues to increase in complexity.

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Term
Spring
Professor
N/A
Tags
Management, Project Management, strategic initiatives

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