What is MoP?
Portfolios management is defined as a coordinated collection of strategic processes and decisions that together enable the most effective balance of organizational change and business as usual.
Management of Portfolios (MoP®) approaches the management of change projects and programmes from a strategic viewpoint. It provides an overview of all change activities including what is in the portfolio, what it is costing, what risks are faced, what progress is being made, and what the impact is on business as usual and the organization’s strategic objectives.
The Management of Portfolios (MoP) guidance provides advice and examples of how to apply principles, practices, and techniques that help optimize an organization’s investment in change alongside its Business As Usual (BAU) work.
MoP complements the suite of related PPM guidance developed by Best Management Practice - PRINCE2, MSP, P3O and M_o_R to help organizations and individuals to use Best Practice to manage projects, programmes and services consistently and effectively.
- MoP helps organizations answer a fundamental question ‘Are we sure this investment is right for us and how will it contribute to our strategic objectives?’.
- MoP helps organisations make decisions about investing in the right change initiatives and implementing them correctly.
- The programmes and projects undertaken are prioritized in terms of their contribution to the organization’s strategic objectives and overall level of risk
- Programmes and projects are managed consistently to ensure efficient and effective delivery
- Benefits realization is maximized to provide the greatest return (in terms of strategic contribution and efficiency savings) from the investment made.
- MoP addresses the fundamental questions:
- Are we doing the right things?
- Are we doing these things right?
- Are we realising all the benefits in terms of more effective services and efficiency savings from the changes we are implementing?
The guidance is explained in the following key elements:
- 5 Flexible Principles
- 2 Cycles
- 12 Portfolio Management Practices
MoP QUALIFICATION SCHEME
If you want to become a Registered Practitioner, you MUST sit the Foundation Examination and then the Practitioner Examination, in that order. You can sit both exams in the same week or even day, or you can split them and sit them months (or even years!) apart.
- The Foundation is the first of the two MoP Examinations you are required to pass to become an MoP Practitioner. This level is to confirm that a candidate has sufficient knowledge and understanding to work as an informed member of a Portfolio Office or in a range of portfolio management roles.
- The Practitioner level is aiming is to confirm whether the candidate has achieved sufficient understanding of how to apply and tailor the MoP guidance and to analyse portfolio data, documentation and roles in relation to a scenario situation
Links and downloads