370.0 Strategic Change
Step 10 Improve the Portfolio
Improving the portfolio may just mean that you want to juggle the work, or the Portfolio Components, around a bit. Or it may be you can see ways to improve the portfolio management processes. Generally, these are relatively minor moves that you can make with little difficulty and little fan fair. Much more likely is that you need to redirect the goals of your portfolio as a result of a strategic change ordained by executive management and consequent need for "improvement".
However, this is not likely to happen until management see and experience the results of the portfolio outcomes in the first place with specific reference to the benefits being realized. And this in turn will not be clear until three important intermediate steps have taken place all of which fall within the responsibility of the Business Units and/or Operations people. For this reason we have grouped the following four headings as a part of this Step 10 – Improve the Portfolio under the general heading of Strategic Change. These headings are:
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370.1 Product Launch
370.2 Benefits Harvesting
370.3 Benefits Reporting
370.4 Improving the Portfolio
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