Program and Portfolio Management: A Learning Experience Report

This report reflects on a student's learning experience within a program and portfolio management module. The student emphasizes the importance of portfolio management in today's competitive market, highlighting the module's contribution to enhancing knowledge and working efficiency. The report covers key concepts such as strategic alignment, different system types (closed and open), the project lifecycle (initiation, planning, execution, and optimization), and portfolio governance. The student also discusses the importance of information systems (TPS, MIS, DSS, and EIS), effective performance management, stakeholder engagement, risk management, and value management for successful portfolio management. The report references several academic sources to support the analysis, demonstrating a comprehensive understanding of the subject matter.

Program and Portfolio
Management Information

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................3
REFERENCES................................................................................................................................5

MAIN BODY
The whole module relating program and portfolio management information was a very
good learning experience. In this current modern and advance world, it is very necessary for a
person that must be having proper knowledge relating to the portfolio management so that the
working efficiency can be enhanced and person can secure good position in highly competitive
market. All the weeks within the module were very helpful in enhancing the knowledge relating
to program and portfolio management (Seki and Sekiguchi, 2018). With the help of learning
from initial week it was evident that portfolio management is being defined as the centralised
management of one or more projects for attaining the objectives. Also the learning outlined that
the component of portfolio involves many different types of the elements and taking of decision.
This simply means setting up of strategic goals and objectives, investment priorities and data can
also be presented in quantifiable manner.
Further the week also assisted me in analysing why the portfolio management is
necessary that is for meeting the business objectives. Further the initial week also assisted me in
analysing and setting a strategic alignment for making the business work in better and effective
manner. This included setting up of mission and vision for the business so that the work can be
managed in proper and effective manner. Further another week assisted me in developing the
knowledge relating to the different types of system that is closed and open system. These type of
system is very important in order to manage the portfolio in better and effective manner so that
the work can be done in better and effective manner.
Along with this I learnt that for the portfolio to be managed properly it is very necessary
that the life cycle is being used and followed in proper manner. This lifecycle stages includes
initiation, planning, execution and optimisation. When all these stages are being followed in
proper and effective manner then the portfolio is managed in better and successful manner.
Along with this it was also seen that the governance of the portfolio is very necessary to ensure
its smooth and clear working (Lima, Fernandes and Machado, 2018). For this different types of
rules, policies, procedures and other norms are being established so that the portfolio can be
managed in proper and effective manner. Further another week enhanced my knowledge that
focusing on information system is very necessary for successful portfolio management. This
involves the use of different types of information system that is TPS, MIS, DSS and EIS.

Along with information system it is necessary that effective performance management is
also focused so that portfolio becomes successful. This includes doing proper capacity planning,
supply and demand management, identifying organizational capabilities and many other so that
effective working can be managed. Moreover, it was also learnt that the stakeholder engagement
is also necessary for the effective portfolio management so that it can be organized in successful
manner (Kock and et.al., 2020). This includes identification of proper stakeholder and to
effectively communicate with them so that there is not any issue relating to management of
portfolio. Along with this, later week assisted me in knowing that risk management is crucial to
be applied along with value management for better working of portfolio.

REFERENCES
Books and Journals
Seki, T. and Sekiguchi, A., 2018. Portfolio management for IT. In The Handbook of Project
Portfolio Management (pp. 73-81). Routledge.
Kock, A., and et.al., 2020. Project portfolio management information systems’ positive influence
on performance–the importance of process maturity. International journal of project
management, 38(4), pp.229-241.
Lima, A., Fernandes, G. and Machado, R.J., 2018, September. Mapping between PMI and OGC
artefacts for project portfolio management. In 2018 International Conference on Intelligent
Systems (IS) (pp. 754-762). IEEE.