Analysis of Portfolio Management Procedural Matters and Strategies

This essay provides a comprehensive overview of portfolio management, focusing on its procedural aspects and strategic implications. It begins by defining portfolio management as a systematic process for evaluating, selecting, and prioritizing data to enhance competitiveness. The essay delves into the procedural matters of portfolio management, including screening, selection, and project prioritization, highlighting the challenges of managing interdependencies and diverse decision-making criteria. It explores two PPM models: the sequential model and the holistic representation, emphasizing their roles in supporting decision-making and providing effective strategies. Furthermore, the essay examines variations in procedural steps, emphasizing the importance of controlling change to enhance project results, including reactive and requested changes. It also defines the impact of procedural matters on portfolio management strategies, outlining six key principles for enhancing project value. Finally, the essay discusses the influence of cultural shifts on portfolio management, emphasizing the role of strong organizational culture in shaping decision patterns and driving individual behavior to achieve project success.

INDIVIDUAL
ESSAY

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
1. Define how portfolio management is procedural matter. .......................................................1
2. Description on variation with the procedural matter. .............................................................2
3. Define the impact of procedural matters on the strategies of portfolio management. ...........3
4. Define the views on portfolio management of cultural shift. .................................................4
CONCLUSION................................................................................................................................4
REFERENCES ...............................................................................................................................5

INTRODUCTION
The portfolio management is the study which helps to evaluate, select, and prioritize the
all data in order to have systematic process. It considers as key managerial task and works as to
influence the companies' competitiveness. In order to make successful portfolio management
there is need have best general model for PPM process. It can be applies after seeing the
condition of the companies (Kopmann and et.al., 2017). The main aim of this assignment is to
gather the whole investigation about the procedural aspects of PPM and its method of designing
suitable PPM. Thus, this assignment is inclusive of the things like strategies of portfolio
management, views on portfolio management as cultural shift.
MAIN BODY
1. Define how portfolio management is procedural matter.
This is the process which aims as to initially screening, selection and gives priority to the
proposals of projects. The main object of PPM is to have translation of business strategies in the
dynamic set of development projects. This also works as to managing the risk, achievement of
proper number of parallel projects and communicate the all decision. In this it can be true to said
that prioritize between the ideas and project will be tough task due to interdependencies among
the projects, various decision makers and differed criteria to consider (Dimson, Marsh and
Staunton, 2017). In this way there are two models of PPM process such are as sequential model
and holistic representation.
Sequential model- The founder of this model is Archer and GhasemZadeh under this PPM
activities work in three process such are as pre screening, individual project analysis, screening,
optimum portfolio section and portfolio adjustment. In this there are various stages such are as
strategy development, resource allocation, project development etc. This model is very helpful
into support decision making and advised good strategies fort each stage involved in this. With
the help of this which kind of data is appropriate will be defined (Rodas Cabrera, Sang and
Garibaldi, 2017).
In the Second model cooper focuses over the three kind of major decision such are as product
development strategy, portfolio review and management of individual. This model work as to
give major focus over the role of strategies which provide assistance to make this process
effective.
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However, it can be true to said that this both of the models are very helpful in relation to provide
the holistic representation of PPM. In this way there are various kinds of best model for effective
designing of PPM process. In addition to this, empirical indicates that there are various kind of
companies who are focussing over the companies which is facing the problems in order to
manage the process of PPM.
In this way there us need to have depth analysis of the procedural aspects of PPM in this manner
this two model have been proposed. These are the effective methods which guides the firm into
designing process of PPM (Rodas Cabrera, Sang and Garibaldi, 2017).
2. Description on variation with the procedural matter.
In this the variation with the procedural step in the portfolio management can be framed
out in the things like body of concepts, steps, strategies, control and implement function within
the project. The key focus over the variation in the procedural matter is not to prevent the change
but to have effective control over it (Dondoni, Montagna and Maggi, 2018). The main aim
behind this is to identify, evaluate and adopt change in order to enhancing the project result.
In this manner there is need to understand the two primary types of change such are as-
1. Reactive change- Under this there are those procedures which is need to be dealt
correctively and there can be issue in relation to things like delays, techniques, funding
storage, resource issues and various kind of other thing due to which there is essential to
bring the variation with the procedural matter of preparing the portfolio management.
2. Requested change- If the variation in the procedural matter of portfolio management with
the things like scope, derivable or related management plans are requested by end users.
In these changes are need to be arises on the ground such are as new ideas, new
information and new perspective this all things are requested to have change by the end
users. In this manner it can be true to said that the excessive change in the project can
harm the portfolio management of the projects. In order to bring variation in the portfolio
management is need to be continuously balanced, it is need to be done in order to
enhancing the values without having diminish result in the results.
In order to have proper control there is need to framed standardise boundaries. The such bound
ires are defined in the following manner are as-
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1. Value and priority- in this if the procedural matters of the portfolio management is visible
and important than there is need to set the high limits for discretionary variation in order
to ignore the unwarranted risk.
2. Timing- if request in order to bring the variation is arrives in the initial stage than it can
be considered but if is arrives which it more than half completed than it is becomes tough
to get changes.
3. Cost- In this there is need to set the limits as per the cost of the projects. The individual
need to have idea about the changes related cost in the portfolio management.
4. Impact- In order to have the proper control over the changes in the project than there is
need to have the detailed understanding about the each factor (Aarseth and et.al., 2017.).
3. Define the impact of procedural matters on the strategies of portfolio management.
The strategic portfolio management is the exception thing in order to have enhancement
in the value of the projects. In this manner there are six principles are given such are as-
Illustration 1: principles of SPM
(sources:Six Principles of Strategic Portfolio Management – How Does
Your Company Rate? 2107)
1. Aligned decision forum- in this there is need to include the right people at the right place
on the corrective time.
2. Value creation focus- The major consideration is need to be given in order to creates the
value at each development stage.
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3. Comparable evaluations- in this there is need to employee clear, transparent and
evaluation framework.
4. Embarrass uncertainty and dynamics- with the help of identification of impact of
uncertainty on key decision variables than the changes can be tracked with development.
5. Inclusive, collaborative process- At these stakeholders need to get involved in order to
have proper idealisation (Dimson, Marsh and Staunton, 2017).
6. Clear communication and learning- In this there is need to assess, track, provide
information and to bring continuously improvement.
4. Define the views on portfolio management of cultural shift.
The strong culture is very helpful in order to shape the each matter of the portfolio
management. There are various kinds of the things are involved such are as decision patterns,
guide actions and drives individual behaviour. This is composed of various functions such are as
beliefs, values, assumption etc. the culture plays the effective role in order to manage the each
activities in the expertise manner (Dondoni, Montagna and Maggi, 2018). This is the kind of
powerful force and it is multidimensional. With the help of understanding the culture of the
organisation is very helpful in order to running successful projects in the market. In this manner
it can be true to said that the strong culture work as to strengthen the performance and generate
commitment to the organisation values.
CONCLUSION
Based on the above report it has been concluded that portfolio management is the study
which helps to evaluate, select, and prioritize the all data in order to have systematic process. It
considers as key managerial task and works as to influence the companies' competitiveness. The
main aim of this assignment is to gather the whole investigation about the procedural aspects of
PPM and its method of designing suitable PPM. Thus, this assignment is inclusive of the things
like strategies of portfolio management, views on portfolio management as cultural shift.
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REFERENCES
Book & Journal
Kopmann, J and et.al., 2017. The role of project portfolio management in fostering both
deliberate and emergent strategy. International Journal of Project Management. 35(4).
pp.557-570.
Dimson, E., Marsh, P. and Staunton, M., 2017. Factor-based investing: the long-term
evidence. The Journal of Portfolio Management. 43(5). pp.15-37.
Rodas Cabrera, J.A., Sang, F. and Garibaldi, L.A., 2017, May. Portfolio management strategies
to maximize profitability from mature fields under optimal cash exposure mode in
ecuador. In SPE Latin America and Caribbean Petroleum Engineering Conference.
Society of Petroleum Engineers.
Dondoni, A., Montagna, D. and Maggi, M., 2018. VIX Index Strategies: Shorting Volatility as a
Portfolio Enhancing Strategy.
Aarseth, W and et.al., 2017. Project sustainability strategies: A systematic literature
review. International Journal of Project Management. 35(6). pp.1071-1083.
Online
Managing change in the delivery of complex projects: Configuration management, asset
information and ‘big data’. [online] Available through.<
https://www.sciencedirect.com/science/article/pii/S0263786315000393
Project Change Management: Minimize Risks. Maximize Rewards. 2017. [online] Available
through.< https://www.ittoolkit.com/articles/project-change-management
Six Principles of Strategic Portfolio Management – How Does Your Company Rate? 2107.
[online] Available through.< https://smartorg.com/valuepoint30/>:
The meaning and importance of culture for project success. [online] Available through.<
https://www.pmi.org/learning/library/meaning-importance-culture-project-success-7361
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