Portfolio Management absolute requirement for business

Porfolio management is the accountability of the senior Management members of an organization or business unit. Portfolio management consist of monitoring and adjusting of budgeting, banking, and business investments to give in the highest return, everything from stocks and bonds to real estate. An individual financial manager or organization is normally responsible for client portfolio management, and the goals should be to attain maximum return on both long and short-term investments. This is done by defining investments on the basis of security, liquidity, and rate of return.

Portfolio Management can be used to select a portfolio of new product development projects to achieve the following goals: Maximize the profitability or value of the portfolio Provide balance Support the strategy of the enterprise

Hurdles to Portfolio Management

Its true that portfolio management is a good idea. But getting to paradise requires a severe dedication from both the business and IS sides, as well as a lot of sweat equities.

Hurdles to Portfolio Management

Yes, portfolio management is a good thing. But getting to nirvana requires a serious commitment from both the business and IS sides, as well as a whole lot of sweat equity. Here are some of the pitfalls and ways to overcome them.

Democratic decisions not easy. Taking power away from business leaders accustomed to calling the shots will not always go smoothly.

No Single software that does all the things :--There are really good budget packages, resource management packages and fairly good portfolio management software packages, but no package that integrates all the things together.

Getting good information isn't easy Take, for example, the transparency of your cost structure. "You need good information around all technology costs and investments but that is not easy.

It's an additional time constraint on busy executives. Good portfolio management means good IT governance means regular IT governance meetings. "Just about every company today has its people stretched. As pointed out earlier in the story, that concern is addressed at DHL Americas, where the lieutenants of time-constrained senior vice presidents serve on the project portfolio review board.