This content originally appeared on DEV Community and was authored by Writegenic AI
1. Portfolio Governance
Governance defines how the portfolio is controlled and managed. It includes the roles and responsibilities of the portfolio manager, steering committees, and executives. This structure ensures accountability and clear decision-making authority.
2. Strategic Alignment
Projects and programs must support organizational goals. Strategic alignment ensures that every initiative in the portfolio contributes to overall business priorities.
3. Project Selection and Prioritization Criteria
A portfolio management plan sets out clear guidelines for selecting which projects enter the portfolio. It also provides ranking criteria based on ROI, risk, strategic value, and resource requirements.
4. Resource Allocation Plan
This component details how resources—both financial and human—will be distributed among projects. It helps avoid conflicts, over-allocation, or underutilization of resources.
5. Risk Management Framework
The plan includes a risk management strategy that identifies potential risks, their impact, and mitigation measures at the portfolio level.
6. Performance Monitoring & KPIs
It establishes key metrics to monitor portfolio performance. Regular progress reports and dashboard tracking are integral to this component.
7. Communication Plan
Effective communication among stakeholders ensures transparency and alignment. The communication strategy defines how updates, risks, and results will be shared.
This content originally appeared on DEV Community and was authored by Writegenic AI
Writegenic AI | Sciencx (2025-07-22T08:04:57+00:00) What are the key components of a Portfolio Management Plan?. Retrieved from https://www.scien.cx/2025/07/22/what-are-the-key-components-of-a-portfolio-management-plan/
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