Strategic Planning / Portfolio Management
Auld & Company’s Approach
Auld & Company’s approach to Strategic Planning / Portfolio Management is based upon our years of experience in guiding executives as they develop strategies that result in real results. Auld & Company’s experience combined with a solid toolbox of methods and techniques enables us to offer an integrated approach to managing collections of programs, projects, processes, tools and metrics. Because of our ability to recognize the connection between strategic planning and project management, we can successfully engage in Portfolio Management for collections of programs / projects that are related and/or unrelated. Auld & Company engages with clients at a strategic level and continually monitors changes in the broad environment – adding tremendous value to the Portfolio decision-making process. Auld & Company recognizes the link Organizational Strategy has with Portfolio Management, Organizational Governance and Project Management. Without strong strategy and portfolio management efforts, organizations will not achieve the level of success they desire.
Portfolio Management vs. Project Management
Portfolio Management is the centralized management of one or more ‘portfolios’ of projects and programs; where a ‘portfolio’ is a collection of projects and/or programs. This differs from Project Management which focuses on measuring and monitoring the components of one individual project or initiative. Portfolio Management is crucial to an organization’s success because it has a business scope that changes with its strategic goals. Applying Portfolio Management allows the interconnection of strategy and projects via the sharing of goals and the allocation of resources. Portfolio Management is a continuous business process with certain activities invoked when deemed appropriate by the organization. Auld & Company believes that for successful Portfolio Management all managerial levels must actively support the effort and provide clear, consistent, concise information to the organization.
The Great ‘Link’
Organizational Strategy & Portfolio Management
Auld & Company uses Portfolio Management as the tool for executing the vision, mission and strategy of its client organizations. Project Portfolio Planning & Management considers high-level Operations Planning & Management as well as the management of authorized programs, projects and processes.
Organizational Governance & Portfolio Management
Organizational governance takes place across the decision-making levels of the organization in support of its specific goals and objectives as defined through the strategic planning process. Auld & Company believes that Portfolio Management plays a critical role in organizational governance and interrelates with both executive and operational management.
Portfolio Management & Operations Management
Portfolio Management interacts with and impacts operational functions within an organization (HR, Finance, Marketing, Communications). Portfolio Management helps create the processes used during the course of operations. Auld & Company ensures that the Portfolio Management process takes into account operational issues, processes and results throughout the management lifecycle.
The Benefits of Strategic Planning / Portfolio Management
Auld & Company’s approach to Strategic Planning / Portfolio Management combined with its consideration of organizational culture, economic impacts and organizational impacts results in the following benefits.
Auld & Company strives to achieve a solid understanding of the organization’s vision, mission and strategy in order to optimize the portfolio and realize fiscal benefits.
Auld & Company acts as a Portfolio Manager to understand not only the high-level project management reporting but also the detailed project / program level reporting to accurately gauge the health of the associated projects and programs.
Auld & Company takes the time to understand both process development and continuous improvement. This enables us to work with organizational leaders to develop the most suitable, customized Portfolio Management process.
The Auld & Company team is effective in its Portfolio Management Approach because they bring current industry and market knowledge. Auld & Company also performs strong analytical reasoning to monitor the portfolio accurately based on performance reports and metrics.
