The purpose of this competency is to achieve the goals of the co-ordination process, i.e. to:
- consolidate information from the component projects and programmes to understand the portfolio as a whole;
- monitor the performance of the portfolio against its objectives;
- manage the inter-relationships between projects and programmes.
You must be able to:
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This competency applies to the whole management team as responsibility for complex co-ordination will be spread across different roles.
The portfolio manager will have accountability for the performance criteria.
A performance criterion for the portfolio manager that covers the definition of supporting roles and consequent delegation could be added.
The co-ordination of projects is clearly something that portfolio management has in common with programmes. This competency could be adapted for use in a programme management role - perhaps a member of a PMO responsible for assisting the programme manager with the mechanics of co-ordinating multiple projects.
Knowledge and understanding
You need to know and understand: