Develop and maintain a complete understanding of the portfolio's environment
to identify changes in business, technical, and market conditions that could
favorably or unfavorably affect the portfolio.
The following are examples of environmental conditions to monitor:
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Homogeneous understanding and organizational acceptance of portfolio model and governance
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Organizational changes in responsibilities and accountabilities
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Customer needs and expectations
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Business strategy and organizational objectives
- Economic changes and trends (for example: labor market movements,
political risk, and financial policies)
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Market and competitive forces (for example: new entrants, supplier risk, and substitution)
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Technological advances and setbacks (on product and infrastructure)
- Political, social, and economical drivers
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Legislative and regulatory policies
By monitoring changes in conditions, portfolio executives can make decisions
based on current and prescriptive data, thereby supporting a clear and complete
understanding of portfolio external drivers and influences. |