Manage Your Project Portfolio

Set the Stage for Collaboration

You need this information to collaborate on the portfolio with your peers: your mission, which is what drives you (and your group) to succeed; the principle by which you will make portfolio decisions; and a strawman portfolio if you created one.

To be honest, you also need a corporate mission so you can discuss each project’s value to the organization. You can’t manage your portfolio without a mission because you won’t have a clearly articulated big picture of where you are headed. Part of what you do might have to include defining the corporate strategy. It doesn’t matter whether you’re a product company or an IT organization—you need a corporate mission to drive this collaboration.

If your organization has ...