Portfolio management can be described as a decision making process that focuses on controlling an effective balance of projects and/or programmes and enabling maximum value from these investments.
Though this discipline has been practised for many years, very few standards have been developed to provide a best practice approach to support portfolio management.
Following consultation with a broad group of international stakeholders, in 2011 the MoP® – Management of Portfolios guide was released and quickly adopted by dozens of organization across the globe. Today MoP is seen as a leading portfolio management standard and certification, applied by portfolio managers and portfolio offices across a diverse range of organization types.
The MoP guide describes principles, practices, techniques and roles for effective project and programme portfolio management. The MoP practices are defined in two cycles: Portfolio Definition and Portfolio Delivery, as show below.
The Portfolio Definition cycle describes 5 practices for outlining and planning the portfolio, they are: understand, categorize, prioritize, balance and plan.
The Portfolio Delivery cycle describes 7 practices aimed at ensuring successful delivery of the portfolio, they are: management control, benefits management, financial management, risk management, stakeholder engagement, organizational governance and resource management.
Copyright © AXELOS Limited 2011. Reproduced under licence from AXELOS Limited. All rights reserved.
Visit our MoP Management of Portfolios Foundation and MoP Management of Portfolios Practitioner training and certification pages for more information or contact us.
Our portfolio management courses are conducted in Kuala Lumpur, Malaysia and across Asia, contact us to learn more.
HiLogic is an MoP – Management of Portfolios Accredited Training Organization.
HiLogic Sdn Bhd
Tel: +603 2615 0081
36th Floor, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur, Malaysia
36th Floor, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia
HiLogic Pty Ltd
Tel: +61 3 8676 0629 (Melbourne)
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Level 8, 350 Collins Street, Melbourne VIC, Australia 3000
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Perth, WA , Australia 6000
Level 24, Allendale Square, 77 St Georges Terrace, Perth, WA , Australia 6000