Governance ◾ 43
10. c. Portfolio management plan
In addition to describing the process to authorize the portfolio, this plan
also describes the key communications needs with a focus on proactive
and targeted delivery of messages to key stakeholders.
Portfolio Management Standard, p. 79
Task 4 in the ECO in Governance
11. d. Shows dependencies within the portfolio
The roadmap is useful for Portfolio Oversight as it shows the dependen-
cies between the components. The Portfolio Review Board or similar
group then uses it to ensure if changes are made to one component,
for example, the changes do not affect other components within
the portfolio.
Portfolio Management Standard, pp. 82–83
Task 5 in the ECO in Governance
12. c. Research and development initiatives
Organizations tend to have some form of control for its portfolios.
Critical attention is paid in research and development as strategic goals
and objectives continually change, and it is then important that the
resources involved in research and development are allocated to the
most strategic priorities, and that other research and development initia-
tives that are no longer deemed relevant are terminated.
Portfolio Management Standard, p. 22
Task 5 in the ECO in Governance
13. a. Portfolio management plan
Among other items, this plan includes procurement procedures as it
describes the use of procurement to meet the organization’s strategic
objectives.
Portfolio Management Standard, p. 39
Task 4 in the ECO in Governance
14. a. In the governance processes
The portfolio management plan and the portfolio governance processes
outline responses to signicant strategic change and how to manage them.
Portfolio Management Standard, p. 63
Task 4 in the ECO in Governance