To create a comprehensive portfolio management plan, the following deliverables could be considered:
- Project inventory: A comprehensive list of all projects within the organization’s portfolio, including project name, description, status, budget, and key stakeholders.
- Strategic alignment: An assessment of how each project aligns with the organization’s overall strategy and goals.
- Project ranking and prioritization: A ranking and prioritization of projects based on strategic alignment, potential impact, resource requirements, and other relevant factors.
- Resource allocation plan: A plan for allocating resources across the project portfolio, including budget, personnel, and other assets.
- Risk management plan: A plan for identifying, assessing, and mitigating risks associated with the portfolio, including financial, operational, and strategic risks.
- Project governance framework: A set of guidelines and processes for managing the portfolio, including roles and responsibilities, decision-making processes, and communication protocols.
- Portfolio monitoring and reporting: A process for monitoring the progress and performance of the portfolio, including key metrics and reporting requirements.
- Project portfolio dashboard: A dashboard or visual representation of the portfolio’s performance, including project status, resource utilization, and risk levels.
- Project review and evaluation: A process for regularly reviewing and evaluating the performance of individual projects and the portfolio as a whole.
- Continuous improvement plan: A plan for identifying and implementing improvements to the portfolio management process over time.
These deliverables will help ensure a comprehensive and effective approach to managing the organization’s project portfolio, and support the successful delivery of strategic initiatives.