Create high level portfolio roadmap working with key stakeholders using prioritization, interdependency analysis, and organizational constraints in order to confirm and communicate the portfolio components sequencing, dependencies, and strategic alignment.
Examine the risk attributes like probability, impact, urgency
Plan and manage resources
Team Collaboration and Commitment
Define and establish a governance model including the structure (including but not limited to steering committees, governance boards), policies, and decision-making roles, esponsibilities, rights and authorities in order to support effective decision-making and achieve strategic goals.
Establish risk origin and ownership e.g., internal/external
Facilitate close communication within the team and with appropriate external stakeholders through co-location or the use of collaboration tools in order to reduce miscommunication and rework.
Classify risks as threats or opportunities
Determine portfolio management standards, protocols, rules, and best practices, using organizational assets (such as information systems, subjectmatter experts) and industry standards in order to establish consistent portfolio management practices.
Estimate project tasks (milestones, dependencies, story points)
Reduce distractions in order to establish a predictable outcome and optimize the value delivered.
Define and/or modify portfolio processes and procedures including but not limited to benefits realization planning, information management, performance, communication, risk management, stakeholder engagement, resource management, and change management in order to manage the portfolio efficiently and effectively.
Perform qualitative analysis
Utilize benchmarks and historical data
Participate in aligning project and team goals by sharing project vision in order to ensure the team understands how their objectives fit into the overall goals of the project.