Project Portfolio Management Services

In larger environments often multiple projects run at the same time. These projects often have a lot of dependencies related to the assets they apply, whether in human resources, timetables or hardware. An integrated approach to manage these dependencies is indispensible to cover the related risks. And every project has risks. The larger or more complex the project, the bigger and more volatile the risks. Combining projects adds to the difficulty of managing and controlling this environment. This kind of approach is called portfolio management. Furthermore, if the projects are related to the same strategic goal, another perspective is added as the functional requirements may overlap. The latter is defined as Program Management. DelITad is specialised in the setup and execution of Program Management. It has created a framework that comprises all the relevant elements of good Program Management and can be considered as a gathering of best practices known in this domain. The figure below reflects the DelITad Program and Portfolio Management framework.

The framework consists of 9 processes:

• Investment Management: this decision making of project investments. In other words: approve or reject project proposals. Furthermore, monitor the ROI of projects against their business case;
• Project Administration: the physical gathering and structuring of all relevant documentation of all projects;
• Risk Management: initial assessment of program, portfolio and project risks, definition of the control strategy and the management and follow-up of those risks and controls during the complete project. De picture on the right shows the matrix to be used for the definition of the risk management strategy.
• Actions and Issues management: identification and management of actions to be taken and resolution of issues;
• Assumptions management: safeguarding and management of assumptions identified for project (or program) success
• Change Management: management and follow-up of ALL changes on program, portfolio or project level occurring during the project
• Progression reporting management: the PMO is responsible for the gathering of project reports and assembling them into a program or portfolio resume. Furthermore, this process includes the reporting to the project team, Steering Committees, general management and possible other stakeholders;
• Project audit: regular review of the project documentation against resource, business, technological and methodology risks.
• Quality Assurance: follow-up of projects during their execution to monitor the resource, business, technological and methodology risks.

For a full overview of our services, feel free to download the Delitad Services Portfolio. Should you have specific questions or are you interested in a more in-depth presentation of our service, do not hesitate to contact us at info@delitad.com or +32 3 451 36 60.