Portfolio management is an art of choosing the right thing at the right time. For the growing business it is not only about the finance but also about the transformation.
The success of the organisation is dependent on the risk management and critical transformation. In today’s fast growing world it is important to match the pace while you are not overlooking the right project. Portfolio management is all about the SWOT. It is an art that will make the decision of the investment more powerful and in favour of business. Portfolio management is of two types passive and active. While the passive tracks the market index the active involves the individual to actively manage the funds based on the research.
There are many industry experts providing portfolio management services and David Barcomb is one of those known face for managing the portfolio. The subject becomes more complex when the number, figure and research are involved and he along with the team manages the portfolio in an uncomplicated way.
Most of the organisation realised and recognised portfolio management as the effective way to ensure programs and projects are delivered with a value addition.
There are ample of reason why organisation practices portfolio management few are mentioned below:
- To provide the customer and employee satisfaction.
- Cost reduction and improvement in ROI.
- Sustainable growth and revenue.
A right portfolio management gives the better understanding and clarity to pickup strong projects and programs which will deliver returns.
To gain an expected returns one should know the right process and implementation. The approach should always be focused on the acquisition of the project with a high ROI and keeping the risk management and mitigation concerns in account.
Does the organisation have right talent for the right project?
It is essential to choose the right talent to perform and execute the project. Delivering at the right time is in the hands of the project manager. While the projects are evaluated and acquired the talent has to be acquired aligned with the projects based on the skills and experience? The efficiency of the project team will determine the organisations strategic goals. If there are any gaps the team must be educated and trained to match the expertise. Thus it is important to choose the team and highlight the scope for improvement to justify and reach up to the expectation.
Portfolio Management is an art to help the organisation in strategic alignment and prioritizing the project portfolios. You can seek advice of any professional who can help you in understanding the financial league and other similar details.