Portfolio & programme management

Portfolio management enables strategic decisions to be made based on a balance of long-term strategies and short-term imperatives, agile governance, and a series of adaptable processes, tools, and techniques. The goal is to optimize investment and project selection decisions and other strategic activities necessary to achieve the organization's strategic objectives.

Common business pressures that serve as catalysts for increased focus on portfolio management may include:

• increased competition, forcing companies to reduce or freeze prices;
• global/distributed teams, creating the need for collaboration;
• lack of available skilled resources needed for projects;
• increased risk exposure in project portfolios;
• new budgets;
• new CEO/senior leadership.

Benefits management is at the heart of successful change. It is a proactive measurement activity that focuses on early and opportunistic improvements and returns as you invest in business transformation. Change portfolios, programs, and projects are designed to deliver lasting value to an organization, directly contributing to achieving strategic objectives. PwC's benefits realization approach places value creation at the center of the activities surrounding any transformation, not as a separate stream of work. It defines all other elements of your transformation work.

A focus on effective benefits management ensures that:

• benefits are understood, articulated, and aligned with objectives;
• there is clear accountability and transparency;
• benefits are achievable and continue to represent good value for money;
• the focus on benefits and their realization is not lost in the transition to business as usual.

A Program Maturity Assessment (PMA) assesses the delivery capability of a portfolio or program and creates actionable recommendations specifically for the business context. Using PwC's 12 Elements of Execution Excellence, the maturity and effectiveness of an organization's program management, governance, execution, and controls can be assessed, and actions can be recommended to increase the likelihood of success.

• A Program Maturity Assessment allows clients to understand strengths and weaknesses in areas that may include the following:
• The reason why recent portfolios or programs have failed to deliver results and benefits.
• Weaknesses in scoping and change control related to alignment with the organization's strategy.
• Inconsistency and lack of a standardized approach to execution.
• Inconsistent management communication and information, resulting in suboptimal decision-making.
• The current ability to achieve the strategy is not understood.
• Overly ambitious strategies, resulting in stakeholder dissatisfaction.
• Limited oversight of interdependencies and synergies between programs.

Program mobilization is designed to help you set the tone and pace, and get your program moving in the right direction from the start. The goal is to establish a Program/Project Management Office (PMO) that provides a level of control appropriate to the complexity of your program. It also aims to provide the knowledge you need to make decisions and ensure the program remains aligned with strategic priorities.

Mobilizing the PMO allows you to identify and address potential weaknesses, such as those listed below:

• Lack of a visible sponsor.
• Failure to obtain the information needed to make key decisions.
• Unclear delivery deadlines and poorly understood risks.
• Alignment with strategic priorities or expected benefits from implementation.
• Confusion in communicating about the program's status.
• Speed ​​and responsiveness in responding to new opportunities or challenges.

Agile transformation is a way to thrive together in a world of disruption, where we work together to rapidly create customer value based on new, sustainable ways of working.

The agile transformation approach means we work with you to:

• build trust and new ways of working;
• deliver value quickly;
• recognize that people and collaboration are fundamental to agile success;
• develop an iterative approach that delivers results with flexibility;
• enable your leadership to be agile.