In the news: Achieving Business Agility through Agile Portfolio Management
22 May 2019
Posted by: Emily Ruffle
The Agile Business Consortium have been featured in a recent article written Reinhard Wagner for the International Project Managament Association (IPMA).
Most businesses aspire to or try hard to be agile. However, in today´s VUCA world this isn´t a “nice to have” yet an increasingly important capability. Thus, the Agile Business Consortium has published a guide on Agile Portfolio Management in order to achieve Business Agility.
In essence, Business Agility means to adapt quickly to market changes, respond rapidly and flexibly to customer demands, adapt and lead change in a productive and cost-effective way without compromising quality and continuously be at a competitive advantage.
The Agile Business Consortium´s Framework of Business Agility is based on a core of business change, and scales from Agile Project Management and Agile Programme Management all the way to Agile Portfolio Management. It describes the cultural foundations and the style of leadership needed to thrive in a world that is often volatile, uncertain, complex and ambiguous (VUCA).
The guidance of the Agile Business Consortium for Agile Portfolio Management provides more insights on Agile Portfolio Budgeting, Agile Portfolio People with their responsibilities as well as the Agile Portfolio Process, Idea Generation, Portfolio Prioritisation, Balancing and Blending, Planning an Agile Portfolio, Agile Portfolio Governance and a Glossary.
Original article posed on 7 January 2019 by IPMA. View the full article here.
IPMA is a federation of about 70 Member Associations (MAs). Their MAs develop project management competences in their geographic areas of influence, interacting with thousands of practitioners and developing relationships with corporations, government agencies, universities and colleges, as well as training organizations and consulting companies.