Management of Portfolios (MoP®) is about investing in the right change initiatives and implementing them effectively. MoP® helps organisations answer a fundamental question: 'Are we sure this investment is right for us and how will it contribute to our strategic objectives?'
MoP® achieves this by ensuring that:
The programmes and projects undertaken are prioritized in terms of their contribution to the organization's strategic objectives and overall level of risk.
Programmes and projects are managed consistently to ensure efficient and effective delivery.
Benefits realization is maximized to provide the greatest return (in terms of strategic contribution and efficiency savings) from the investment made.
MoP® is structured around five flexible principles within which the two cycles and the 12 portfolio management practices exist. While portfolio management will be more effective where robust programme and project management (PPM) exists, this is not a prerequisite for its successful implementation.