Portfolio management POMG


Developing and applying a management framework to define and deliver a portfolio of programmes, projects and/or ongoing services.

Guidance notes


Activities include - but not limited to...

  • alignment of investment with specific business strategies and objectives
  • a strategic investment appraisal and decision making process
  • assessment of cost, risk, inter-dependencies, and impact on existing business activities,
  • measurement and objective evaluation of potential changes and the benefits to be realised.
  • prioritisation of resource utilisation and changes to be implemented
  • regular review of portfolios.
  • management of the service pipeline (proposed or in development), service catalogue (live or available for deployment) and retired services.

Portfolio management: Level 7


Authorises the structure of portfolios and is responsible for alignment with business strategy and objectives and with emerging opportunities.

Leads the definition, implementation and review of the organisation’s portfolio management framework. Sets parameters for the prioritisation of resources and the changes to be implemented. Recommends and implements corrective action by engaging and influencing senior management. Leads the on-going monitoring and review of portfolios for impact on current business activities and the strategic benefits to be realised. Is responsible for implementing effective portfolio governance arrangements supported by effective reporting.

Portfolio management: Level 6


Engages and influences senior managers to ensure the portfolio will deliver the agreed business objectives.

Leads the definition of a portfolio of programmes, projects, and/or on-going service provision. Plans, schedules, monitors and reports on portfolio-related activities. Ensures that each part of the portfolio contributes to the overall achievement of the portfolio. Collects, summarises and reports on portfolio measures. Identifies issues with portfolio structure, cost, risk, inter-dependencies, impact on current business activities and the strategic benefits to be realised. Explains projects/programmes/change initiatives of issues and recommends and monitors corrective action. Reports on portfolio status as appropriate.

Portfolio management: Level 5


Ensures that programme/project leads and/or service owners adhere to the agreed portfolio management approach and timetable.

Explains what information is needed and ensures they provide this information to agreed targets of timelines and accuracy. Produces reports as appropriate for portfolio governance, including making recommendations for changes to the portfolio.