starting with the business unit you lead, which is responsible for new products, and then will set the stage to implement it throughout the bank, including at the enterprise level. You have…

A governance structure cannot be effectively set up until roles and responsibilities are defined, as governance depends on knowing who is accountable for what.

Defining roles and responsibilities is the critical first step because without clear ownership and accountability, no governance structure, planning, or prioritization can be effectively executed. In portfolio management, role clarity ensures that each stakeholder understands their authority and obligations during implementation, which is a prerequisite for all subsequent activities.

A portfolio performance plan is a later-stage artifact that requires roles, governance, and strategic alignment to be established first.

Prioritizing work requires a clear understanding of who owns decisions and resources, making role definition a prerequisite.