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Decision Management
Portfolio Management Portfolio
management is a key business process being adopted by best of class
business organizations. VHO portfolio management focuses on the needs
of mid and high level managers responsible for the selection and execution
of programs or projects that consume scarce resources. As complexity,
diversity, and span of control increases, a disciplined, structured
approach becomes crucial to achieving the organization’s goals.
A properly managed portfolio will concentrate on both external and internal
objectives.
The process of choosing focuses on:
- Customer value/priorities

- Alignment to key organizational objectives

- Functional and organizational balance

- Decision constraints, linkages, and timing

- Risk / impact of failure

The
efficient monitoring process focuses on project health and environmental
change. It must provide highly graphical information so busy executives
can focus on what must be fixed or more closely monitored. Information
must be pushed rather than searched for and the environment must
be flexible and highly collaborative if it is to be adopted by the
organization. Using our process, management can get information
themselves that is timely. With customized presentations, managers
do not have to sift through reams of information that is overly
detailed or does not efficiently pinpoint important deficiencies
in execution. Nor must they depend on staff to prepare ad hoc summaries
of information that meets their real time needs.
Our high-end approach uses web-based
Prosight Portfolio™ http://www.prosight.com/ software
to display project scorecards, investor maps, budgets and trends,
earned value management, schedules, and action items
of interest in making quality decisions. With more
current, higher quality information,
management can more accurately and confidently steer
the enterprise as programs evolve and objectives are
achieved or redefined.

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