SFIA Skill
Portfolio management POMG
The systematic appraisal, evaluation and management of the IT portfolio of programmes and projects in support of specific business strategies. The development and application of a portfolio management framework to ensure that all interdependencies are managed and that standards are maintained across the lifecycle of different programmes. The delivery and documentation of objective and independent investment appraisal and project review throughout the programme lifecycle. The consistent application of the project / programme delivery lifecycle, pre-approval check of business cases, putting projects/programmes into exception when they are unsafe and to escalate/engage/influence senior management to take corrective action. Supporting the continuous improvement through the review of project/programme structure, resourcing, risks, funding, and dependencies.
Portfolio management: Level 7
Sets and maintains the portfolio management approach across the IT function. Has an in-depth knowledge of both the business and IT strategies and what objectives and business benefit must be fulfilled. Ensures portfolio design is aligned with business strategy and is making the maximum possible contribution to the strategic goals and targets of the organisation. Plans and initiates portfolio definition and management activities across the full programme and project lifecycle. Leads the determination of business requirements and translates requirements into operational plans. Monitors and reviews the economics of all programme processes, and ensures there are effective governance arrangements, supported by comprehensive reporting. Evaluates changes to programme management practices and initiates improvement to the organisation's practices. Ensures consistent application of standards for the project / programme delivery lifecycle, pre-approval check of business cases, and putting projects/programmes into exception when they are unsafe. Escalates/engages/influences senior management to take corrective action. Leads the review of project/programme structure, resourcing, risks, funding, and dependencies.
Portfolio management: Level 6
Leads the development of the portfolio roadmap and ongoing portfolio management activity. Ensures that all projects deliver the desired objective or benefit, that each project contributes to the overall achievement of the portfolio and that portfolio management is informed by an awareness of current technical developments. 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. Plans, schedules, monitors and reports on activities related to the portfolio of programmes. Monitors progress to ensure each project is performing as expected. Determines, monitors and reviews all programme and inter-programme economics to ensures that the portfolio of programmes/projects is managed to realise business benefits. Provides general and specific advice. Presents key information at each level within the organisation as appropriate. Monitors the standards for the project / programme delivery lifecycle. Notifies projects/programmes of exceptions when they are unsafe and reports to senior management for corrective action. Identifies issues with project/programme structure, resourcing, risks, funding and dependencies.
Portfolio management: Level 5
Ensures that programme and project leads adhere to the agreed portfolio management approach and timetable and that they provide the appropriate information to agreed targets of timelines and accuracy. Produces reports as appropriate for portfolio governance, including making recommendations for changes to the portfolio.