SFIA Skills: Portfolio management (POMG)

Establishes and maintains the portfolio management approach across the IT function. Aligns project and programme activities with business strategy and the business solution objectives. Leads on the governance, monitoring and review of the portfolio to ensure alignment to strategic benefits.

Escalates/engages/influences senior management to take corrective action. Leads the review of project/programme structure, governance, resourcing, timings, risks, funding, and dependencies.

Determines, monitors and reviews and authorises all portfolio economics, including cross programme costs, operational budgets, staffing requirements, resources and portfolio risk. Ensures that there are appropriate and effective governance arrangements in place supported by comprehensive reporting and engagement with senior management.

Leads the definition, implementation and review of the organisation’s portfolio management framework. Sets parameters for the prioritisation of resources and the changes to be implemented, and enables on-going monitoring, governance and review of portfolio performance.

Authorises and prioritises the projects or programmes within a portfolio based on the agreed-upon business objectives of the organisation’s leadership.

Evaluates changes to portfolio management practices and initiates improvement to organisation practices, cascading them to programmes and projects as appropriate.

Identifies issues with project/programme structure, resourcing, risks, funding and dependencies across the portfolio.

Monitors the standards for the project/programme delivery lifecycle, including pre-approval of business cases. Provides general and specific advice and authorises the issue of formal reports to management on the effectiveness and efficiency of control mechanisms and on portfolio status.

Plans, schedules, monitors and reports on activities and risks related to the portfolio. Notifies projects/programmes of exceptions when they are unsafe and reports to senior management for corrective action.

Determines, monitors and reviews all portfolio and inter-programme economics. Identifies and advises senior stakeholders of any potential projects/programmes/change initiatives or risks. Recommends and monitors corrective action to ensure achievement of the overall portfolio.

Leads the definition of a portfolio of programmes, projects, and/or on-going service provision. Plans, schedules, and enables portfolio activity to be monitored to ensure that each part of the portfolio contributes to the overall achievement of the portfolio.

Plans and coordinates a portfolio of programmes and portfolio management activities to ensure the effective implementation of interrelated programmes/projects from business case initiation to final operational stage.

Resolves issues with project/programme structure, resourcing, timings, risks, funding and dependencies across the portfolio.

Checks the standards for the project/programme delivery lifecycle, including pre-approval of business cases, ensuring adherence to the portfolio management approach.

Provides general advice and issues reports to management on the effectiveness and efficiency of control mechanisms.

Monitors and reviews portfolio economics to include cross portfolio costs, operational budgets, staffing, resourcing and individual programme and project risks.

Supports the definition of operational portfolio management plans and activities for a set of projects or programmes from business case to final business-as-usual delivery.

Executes planned portfolio management activities in line with corporate standards and provides ongoing advice and support to programme / project managers.