ECO Governance Flashcards
[HOW] Create the portfolio management plan
Establishing roles and responsibilities, governance model, escalation procedures, risk tolerances, and governance thresholds, change control and management, key performance indicators, prioritization model, and communication procedures Using standards, models, and other organizational assets
[HOW] Define and establish a governance model
Establishing the structure (including but not limited to steering committees, governance boards), policies, and decision-making roles, responsibilities, rights and authorities
[HOW] Define and/or modify portfolio processes and procedures
Establishing benefits realization planning, information management, performance, communication, risk management, stakeholder engagement, resource management, and change management
[HOW] Determine portfolio management standards, protocols, rules, and best practices
Using organizational assets (such as information systems, subject matter experts) and industry standards
[HOW] Make recommendations and obtain approval regarding portfolio decisions (e.g, components, plans, budget, roadmap)
Through communication with key decision-makers as defined by the governance model
[NEXT] Define and establish a governance model
Determine portfolio management standards, protocols, rules, and best practices
[NEXT] Define and/or modify portfolio processes and procedures
Create the portfolio management plan
[NEXT] Determine portfolio management standards, protocols, rules, and best practices
Define and/or modify portfolio processes and procedures
[WHY] Create the portfolio management plan
To ensure effective and efficient portfolio management
[WHY] Define and establish a governance model
To support effective decision-making and achieve strategic goals
[WHY] Define and/or modify portfolio processes and procedures
To manage the portfolio efficiently and effectively
[WHY] Determine portfolio management standards, protocols, rules, and best practices
To establish consistent portfolio management practices
[WHY] Make recommendations and obtain approval regarding portfolio decisions (e.g, components, plans, budget, roadmap)
To authorize the execution of the portfolio
Develop Portfolio Management Plan tasks
- Define and establish a governance model
- Determine portfolio management standards, protocols, rules, and best practices
- Define and/or modify portfolio processes and procedures
- Create the portfolio management plan
Optimize Portfolio tasks
(None)
