Explain how you would determine which type of Business Case is delivered between a portfolio or programme.
Question
Explain how you would determine which type of Business Case is delivered between a portfolio or programme.
Solution
Sure, here are the steps to determine which type of Business Case is delivered between a portfolio or programme:
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Understand the Definitions: A portfolio refers to a collection of projects or programmes and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. A programme is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
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Identify the Scope: If the business case is addressing a broad range of related projects that are managed together to achieve a common goal, it is likely a programme business case. If the business case is addressing a collection of projects, programmes and other work that are not necessarily related but are grouped together to meet strategic business objectives, it is likely a portfolio business case.
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Look at the Objectives: The objectives of a portfolio are typically strategic, such as achieving overall business goals or balancing resource allocation. The objectives of a programme are typically more operational, such as delivering a specific product or service.
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Consider the Management: Portfolio management is about selecting and managing an array of projects and programmes that align with strategic objectives and balance risk. Programme management is about coordinating, directing, and implementing a set of related projects to achieve a specific outcome.
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Evaluate the Benefits: In a portfolio, the benefits are typically realized at a strategic level, such as increased profitability or market share. In a programme, the benefits are typically more tangible and immediate, such as the delivery of a new product or service.
By considering these factors, you should be able to determine whether the business case is for a portfolio or a programme.
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