Benefits Realization Management (BRM) encompasses the standard methods and processes that an organization uses for identifying benefits, executing its benefits realization management plans, and sustaining the realized benefits facilitated by portfolio, program, and project initiatives. BRM requires alignment with an organization’s strategy, a solid understanding […]
Strategic Alignment of Portfolios Strategic alignment allows organizations to prioritize suitable initiatives which eventually help them achieve long-term goals in an organized manner while following the right direction, as well as utilizing the organizational resources as per the strategic priorities. It is the process where […]
Why are we doing a Budgeting Exercise? Budgeting is a key finance function. If the organization has the right process in place, there is no reason to dread budgeting activity–whether your organization budgets annually or on a rolling cycle. The best budgeting process for a […]
What is Portfolio Governance? As per Project Management Institute (PMI), the Portfolio Governance is termed as the framework, functions, and processes that guide portfolio management activities in order to optimize investments and meet organizational strategic and operational goals. These activities determine the actual versus planned […]