Portfolio management in a small company

Construction worker cutting iron beams in a structureYou may be familiar with project management, but what can portfolio management do for your company? In a project-based organization, where you take in clients and work and provide either a good or a service, a good portfolio manager is going to align all of the work done within your organization so it supports the mission of the organization, and they’re going to select projects that further that mission and reject projects that don’t support it. In this article, I’m going to provide a couple of examples of this to help provide context, both from the IT service industry and the manufacturing perspective, and then give you some tips on managing your company’s portfolio.

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