Ever since Sarbanes-Oxley, organizations have been building effective portfolio management capabilities and best-practices to support compliance while improving delivery. Corporate boards and executive officers must be able to define and enforce a governance structure that provides effective controls, accountability and risk management.
Corporate governance solutions are helping organizations today to establish effective governance and build a foundation for competitive advantage by:
- Providing total visibility
- Mapping historical to actual data
- Establishing checks and balances
- Enabling real-time financial visibility
Enterprise Project Portfolio Management (PPM) tools affect corporate governance by helping executives establish a mechanism for setting and communicating objectives, managing risk and monitoring performance against the achievement of intended benefits. They offer a balanced view of operations by providing three key perspectives: historical performance, current performance and forecast performance.
Portfolio Management Benefits Corporate Governance
The end result is a structure for oversight that enables early detection of operational issues and the ability to apply corrective action to minimize operational surprises that may impact financial performance.
Ten Six has been helping organizations successfully implement effective Portfolio Management solutions for corporate governance. Call Ten Six today to learn more about our Portfolio Management services!