As components are completed and the organization begins to realize the

As components are completed and the organization

This preview shows page 110 - 112 out of 203 pages.

As components are completed and the organization begins to realize the consequential benefits and value, measures are again taken to ensure that the intended benefits are gained and value is realized. The process to formally measure achieved portfolio value against expected portfolio value ensures that the portfolio continues to drive the correct work into the portfolio, organizational objectives are being achieved, and estimates for value are being established correctly in the component proposals. The value measurement framework is continuously improved by lessons learned through execution.Outputs from this process include recommendations for changes to the portfolio and information to enable more effective and efficient decision making in the organization.Figure 6-7 shows the inputs, tools and techniques, and outputs. Figure 6-8 shows the data flow diagram.Figure 6-7. Manage Portfolio Value: Inputs, Tools and Techniques, and OutputsInputsTools & TechniquesOutputs.1 Portfolio roadmap.2 Portfolio management plan.3 Portfolio reports.1 Elicitation techniques.2 Value scoring and measurement analysis.3 Benefits realization analysis.1 Portfolio management plan updates.2 Portfolio reports.3 Portfolio process assets updatesFigure 6-8. Manage Portfolio Value: Data Flow DiagramPortfolioDocumentsPortfolioReportsPortfolioReports• Portfolio updates• Portfolio management plan updates• Portfolio processassets updates• Portfolio management plan updates5.1DevelopPortfolioManagementPlan• Portfolio roadmap• Portfolio milestones• Portfolio management plan• Portfolio strategic plan6.1DevelopPortfolioPerformanceManagementPlan• Governance recommendations• Portfolio performancereports4.1DevelopPortfolioStrategic Plan4.3DefinePortfolioRoadmap6.3ManagePortfolioValue• Portfolio risks and issues• Portfolio resource performance variance reports• Portfolio resource capability and capacity reports
98©2013 Project Management Institute.The Standard for Portfolio Management - Third Edition6 - PORTFOLIO PERFORMANCE MANAGEMENT6.3.1 Manage Portfolio Value: Inputs6.3.1.1 Portfolio RoadmapThe portfolio roadmap provides a high-level timeline for expected portfolio component delivery. Delays in scheduled delivery of one or more portfolio components can have a ripple effect through the portfolio, effecting resource utilization, and initiation of other portfolio components. Delays in delivery of portfolio component results may adversely affect the value derived from the portfolio.6.3.1.2 Portfolio Management PlanThe portfolio management plan provides for the continual identification and assessment of the value of the portfolio benefits and the impact on the organizational objectives, identification and monitoring of the interdependencies between the benefits being delivered by the various portfolio components, analysis of the potential impact of planned portfolio component changes on benefits outcome, and assignment of responsibilities

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