4ESTABLISHING A GOVERNANCE MODEL FOR STRATEGIC PORTFOLIO MANAGEMENT
The essence of portfolio management is decision making. The organization, through its key executives, needs to decide what projects, programs, and other initiatives to invest in, delay, defer, terminate, change, or modify to meet its strategic objectives. It needs to make these decisions in accordance with a structured and systematic set of rules and criteria so that they are made rationally and logically, based on data and not exclusively on “gut feel.” Most importantly, portfolio decisions must be made with due deliberate speed to take advantage of market-moving news and events. To do so requires a streamlined, customized approach, known ...
