Federal portfolio management is the process of developing, maintaining, and tracking a portfolio of investments in federal government programs, projects, and initiatives. The goal of federal portfolio management is to optimize the performance of the portfolio by aligning investments with strategic goals, maximizing return on investment, and minimizing risk.
The portfolio management process begins with the identification and assessment of investment opportunities. Investment options are evaluated against a set of criteria, including alignment with strategic goals, potential return on investment, and risk. From this evaluation, a portfolio of investments is developed and approved by decision makers.
Once the portfolio is approved, the individual investments are monitored and managed to ensure they remain on track and achieve their intended results. This includes regular reviews of progress, performance, and risks; identification and resolution of issues; and course corrections as necessary. The portfolio is also periodically reviewed and updated to ensure that it remains aligned with the ever-changing priorities of the federal government.
What does portfolio management services do?
Portfolio management services (PMS) is a term used by the United States federal government to describe the centralized oversight and management of information technology (IT) investments. PMS is intended to improve the government's return on investment in IT, increase the efficiency and effectiveness of IT investments, and reduce the risk associated with IT projects.
PMS is led by the Office of Management and Budget's (OMB) Office of E-Government and Information Technology (E-GovIT). E-GovIT is responsible for developing and promulgating government-wide IT investment policies, standards, and guidance; overseeing the implementation of PMS; and working with agencies to improve their IT investment management processes.
The goal of PMS is to help the government make informed decisions about IT investments, ensure that IT projects are aligned with agency missions and goals, and improve the overall management of IT projects. What does a government asset manager do? A government asset manager is responsible for tracking and managing the government's physical assets, including buildings, land, vehicles, and equipment. They work with government agencies to ensure that assets are properly maintained and used in accordance with government regulations. In some cases, they may also be responsible for disposal of assets that are no longer needed.
What are the four steps in the portfolio management process?
1. Defining the portfolio: The first step in the portfolio management process is to define the portfolio. This step involves identifying all of the assets that make up the portfolio, as well as their respective values.
2. Determining the objectives: The second step is to determine the objectives of the portfolio. This step involves setting investment goals and determining how the assets in the portfolio will be used to achieve those goals.
3. Developing the strategy: The third step is to develop the portfolio management strategy. This step involves deciding how the portfolio will be managed and what tools and techniques will be used to achieve the objectives set in the previous step.
4. Implementing the strategy: The fourth and final step is to implement the portfolio management strategy. This step involves putting the plan into action and monitoring the results to ensure that the objectives are being met.
What are the 5 phases of portfolio management?
The 5 phases of portfolio management are:
1. Planning
2. Selection
3. Implementation
4. Monitoring
5. Evaluation
What are the 4 types of portfolio?
There are four types of portfolios in government IT:
1. Strategic portfolios are those that align with the agency’s mission and contribute to its strategic goals.
2. Operational portfolios are those that support the agency’s daily operations.
3. Technical portfolios are those that enable the agency to use technology to achieve its mission and goals.
4. Support portfolios are those that provide the infrastructure and support services necessary for the agency to function.