Your goal as a portfolio manager is to develop a strong communications management plan to keep interested stakeholders informed about your progress in portfolio management. Although you have reached…

Strategy processes define direction and prioritization but do not generate the ongoing status data needed to keep stakeholders informed about portfolio progress.

Finance processes track budget and expenditure but represent only one dimension of portfolio communications, not a comprehensive supporting process.

Governance processes establish decision rights and oversight structures but do not routinely generate the performance content needed for stakeholder communications.

Performance management in portfolio management produces KPIs, dashboards, progress reports, and benefit realization data - all of which are primary inputs to stakeholder communications. As the portfolio manager develops the communications management plan, performance data provides the substance of what is communicated and how frequently updates are warranted. This creates a direct, practical link between performance processes and effective stakeholder communication.