PortfolioStep - Portfolio Management Process

PortfolioStep™ facilitates decision making through evaluation, selection, prioritizing, balancing, execution of the work, harvesting of benefits and feedback of results for continuous process improvement.

Prioritize, Authorize and Manage Work

PortfolioStep provides a way to select, prioritize, authorize and manage the total work in the organization. This includes work that has been completed, work in-progress and work that has been approved for the future.

Measure Value as well as Cost

Managers need to understand how their budgets are spent, and must ensure that resources are assigned to work that is of the most value.

When work is managed as a portfolio, the emphasis shifts from the cost of each initiative to the value provided. If the value and strategic alignment is sound, the work will be authorized. If the value is not apparent, the work should be eliminated, cut or backlogged.

This focus on value is especially important to the IT organization, which has traditionally been seen as a cost to the business rather than an enabler for providing business value.

PortfolioStep Portfolio Management Model

PortfolioStep™ is a repeatable process of preparing for, planning, executing and harvesting the value of work as a business portfolio. It consists of four major sequential phases: