Portfolio Review
Input:
A comprehensive portfolio review begins with detailed project reports provided by each supplier account manager. These reports should cover critical aspects of the project, including progress delivered to date, specific concerns that have arisen, any escalations requiring attention, and proposed next steps for moving forward. By ensuring all relevant information is captured, these reports serve as the foundation for an effective review process, allowing for a holistic understanding of each project’s status and associated challenges.
Frequency:
Portfolio reviews should be conducted on a monthly basis to maintain a consistent and up-to-date overview of all ongoing projects. This regular cadence ensures that project stakeholders can monitor progress effectively, identify emerging issues early, and address them proactively. The monthly review cycle also allows teams to align on next steps and adjust strategies as necessary, ensuring projects remain on track to meet their objectives.
Output:
The result of the portfolio review process is a live project status summary for each initiative, presented in a clear and actionable dashboard format. This dashboard provides visibility into the state of all projects and is communicated to stakeholders across three organizational tiers: operational teams, project sponsors, and the senior leadership team (SLT). By delivering this consolidated view, the portfolio review enhances transparency, facilitates informed decision-making, and ensures accountability across all levels of the organization.
