Enterprise Portfolio Management is a set of processes to strategically categorize, analyze, prioritize and select investments, allocate resources, and provide ongoing management based on a balanced view of key factors such as risk, strategic alignment, health, and internal and external economic factors. Developing an Enterprise Portfolio Management framework enables organizations to eliminate redundant investments, reduce wasteful projects, track planned performance, and integrate performance measures with budget decisions and submissions. Adopting an entire portfolio management process at once is essentially an impossible task. Accordingly, Octo Consulting Group assists agencies in developing and maturing their processes through logical phases that deliver tangible value at each phase.
Selecting systems and capabilities that offer the greatest return on investment can be a challenging task; however, Octo Consulting Group’s tailorable Enterprise Portfolio Analysis framework facilitates holistic risk management by allowing executives to make informed decisions about their portfolio. Next, Octo designs and implements a robust program portfolio performance monitoring and control framework, with the necessary supporting tools, to enable effective tracking, assessment and management of the portfolio’s performance and risk. Next, the team helps agencies evaluate investment performance, which provides transparency into the organizations’ business processes, assets, and projects, which informs leadership decisions to further optimize the portfolio. Our approach is time-tested and structured to deliver results, but also customizable to focus on an agency’s highest priorities and strategic mission needs.