change management provides a structured approach to support the transition from the current state to the future state in the context of each unique change. change portfolio management is a structured approach and set of tools for managing the cumulative and collective impact of a ‘portfolio’ of change. once you select the change portfolio scope, consideration is given to the key factors of influence and resources.
a sample output of this plot is shown below: having the ability to see change saturation and change collision is the starting point for change portfolio management. for organizations that are familiar with and utilizing the prosci 3-phase process, the tools and diagnostics that are utilized in the context of an individual project or change initiative have natural extensions to the change portfolio. change portfolio management at its core is about managing the cumulative and collective impact of change to achieve the desired outcome, roi or benefit realization.
in practice, there is often a wide range of practices in the service delivery and model of portfolio change management. how does the change portfolio management function position itself to be strategic, value-adding and seen as a driver of business results? continuing from the previous point – armed with quantitative change impact data, the portfolio change manager is able to analyze the data to find any correlations between change impact data and business performance data. effective engagement and learning channels can be established to better aid the deployment of change initiatives.
change governance means having the right processes to ensure there is sufficient oversight and visibility on what changes are going to happen and the effectiveness of change delivery. for a business unit, there should be a change governance focusing on changes within the business unit. the portfolio change manager is able to easily dissect, drill-down, and cut data to find out the change health of the portfolio: at a portfolio level, it is not sufficient to just focus on internal employee and stakeholder impacts. to truly support agile ways of working, change management needs to be able to develop prototypes of the change approach, and be able to morph or tweak the approach as required based on feedback.
change portfolio management is a structured approach and set of tools for managing the cumulative and collective impact of a ‘portfolio’ of change. managing a set of change initiatives through a portfolio management approach is relatively new for some organizations. this approach is drawn from the the portfolio change manager is tasked with a complex set of tasks in driving a set of change initiatives for the organization. he/she needs to have the people, change portfolio management toolkit, change portfolio management toolkit, change portfolio management dashboard, change portfolio manager job description, portfolio management best practices governance.
one function of portfolio management is to adjust the portfolio, as needed, to maximize its overall contribution to achieving the organization’s strategic in this lesson, you will learn about the core change management techniques that businesses use to manage and communicate portfolio changes building a change portfolio management capability is the best way to bring clarity and visibility to the portfolio of change currently, how to evaluate change management projects, change management capability framework, change management continuum model, level of change management, change management kpis, change management standards, change management metrics dashboard, change management level 5, tracking change management, change management heat map.
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