Manage a portfolio

The purpose of this competency is to achieve the goals of the portfolio management process, i.e. to:

  • assess the suitability of projects and programmes for inclusion in the portfolio;
  • maintain a beneficial and manageable mix of projects and programmes.

Performance criteria

You must be able to:

  1. operate a project and programme selection process
  2. create categories of projects and programmes that align to the portfolio objectives
  3. prioritise projects and programmes in accordance with the portfolio objectives
  4. maintain a balance of projects and programmes in accordance with the defined profile
  5. assure the quality of the process

This competency applies to the whole management team as responsibility for selection; prioritising, etc. 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.

Knowledge and understanding

You need to know and understand:

  1. the goals of the process
  2. the typical activities that make up the process
  3. the context of the work and its impact on the process
  4. schemes of delegation for selection of projects and programmes
  5. characteristics used in categorising projects and programmes
  6. mechanisms for prioritising projects and programmes
  7. tools that assist with balancing a portfolio
  8. how assurance applies to the process



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8th June 2015P4 corrected to read" accordance with portfolio objectives"
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