X - 6-Monthly Cycle
Y - Monthly Cycle
Z - Daily Cycle
Z3 - Balance resources
This management activity belongs to the Daily Cycle. Activities in this cycle may be run at any day to implement the Value generation strategy.
What
This activity helps sponsors get resources for their programs and projects, especially when there’s competition among them.
Why
The portfolio management system should offer this help to sponsors from a holistic perspective to ensure
- they can get the resources required for their programs and projects, and
- if multiple programs and projects are competing for similar resources, allocations are aligned with the Value Generation Matrix.
Who
The portfolio manager and the program and project sponsors work together in this activity.
How
When there’s competition among programs and projects, the portfolio manager should try to balance resource allocations based on the Value Generation Matrix. When there’s disagreement among sponsors and the portfolio manager, the portfolio manager is allowed to make decisions up to the threshold documented in the Portfolio Description. If the decision passes the threshold, they should run an exceptional 6-Monthly Cycle.
Any organizational policies and processes related to resources, as documented in the Portfolio Description, should be carefully followed in this activity.