Project Portfolio Optimisation
If your organisation has multiple projects underway then this service will help to optimise your portfolio. It is particularly useful where:
- There are more projects than funding allows.
- There is lack of clarity about the strategic fit of the projects.
- There are multiple and conflicting stakeholders with differing views regarding priorities.
- There are frequent changes.
Key Benefits
- Demonstrable cost savings.
- Effective team building.
- Reduced complexity.
- Traceable, auditable and defendable optimised portfolio.
Our Approach
We start we revisiting the organisational objectives and then develop measures of success; how will we know we're successful?
From these we develop the value tree that will be used to assess all the projects within the organisation's portfolio. This is how we can demonstrate that projects are contributing the organisation's objectives rather than individuals' whims and preferences.
Datasheets are prepared which collects data on all the projects in the portfolio. The data capture process records items such as accountabilities, categorisation, costs and success criteria (benefit data).
The results are then modelled to provide a portfolio view. The software plots all the possible combinations of projects on a cost-benefit graph. The yellow line is the efficient frontier which represent the best value for money combinations for a given funding level. In the diagram illustrated the original portfolio could yield nealy twice the benefit for the same expenditure if a different mix of projects was used. Or it is possible to spend nearly half the amount of money to deliver the same benefit.
