Portfolio Management – Managing Shared, Perishable Resources
Portfolio managers direct deployment of assigned resources across the several programs, projects, and processes they oversee in a manner that maximizes the organization’s return on investment. (See Figure 1) Complicating the portfolio manager’s work is the myriad of differing resource types; resources that are often limited and shared by the portfolio’s many components.
All work requires resources for its performance. Resource types can be generally categorized as:
- Personnel – skilled labor and knowledge resources
- Equipment – tools, software applications, and facilities resources
- Material – land, parts and components, commodity materials and supplies, data, and intellectual property resources
- Financial – cash, credit, and other financial instrument resources
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