An Architect's Guide to Public Procurement

11.Portfolio planning

This chapter looks at how to use a structured methodology to achieve the strategic direction outlined in Chapter 10. Architectural practices may be overwhelmed by the number of responsibilities within the existing portfolio and find it difficult to know whether adding public sector work to the mix will be an advisable departure. In order to address this challenge, the methodology proposed in this chapter draws from the discipline of project portfolio management (PPM), which had its origins in financial management but is now being applied and advanced in many professional areas, to build better decision-making processes. The process seeks to clarify the firm’s strategy, assess current capacity and make decisions on which ...