Your organization does the work right. But does it do the right work? As a portfolio manager, your role is essential to ensuring that the answer is “Yes.”
Formal portfolio management is the most effective way to implement strategic initiatives because it bridges the gap between strategy and implementation. Organizations that are effective in portfolio management had 62 percent of products that meet or exceed expected ROI according to PMI 2012 Pulse of the Profession® research. Portfolio managers align projects, programs and operations with strategic objectives, investing resources in the right work to deliver the expected value.
The Portfolio Management Professional (PfMP) signifies your advanced competency in the coordinated management of one or more portfolios to achieve strategic objectives. Organizations with mature project portfolio management practices complete 35 percent more of their programs successfully. They fail less often and waste less money according to PMI 2015 thought leadership report, Delivering on Strategy: The Power of Project Portfolio Management.