While there are similarities between a mission supervisor and a mission portfolio supervisor, they’re totally different positions with totally different duties. Let’s check out what a mission portfolio supervisor is, what expertise and schooling the place requires and finish with a pattern job description that can assist you fill that place.

What Is a Project Portfolio Manager?

A mission portfolio supervisor is knowledgeable who develops and implements portfolio administration processes. A portfolio is a bunch of tasks and the mission portfolio supervisor has to allocate assets throughout all of the tasks within the portfolio effectively and ship on the strategic agenda of the group that has governance over the portfolio.

In order to do that requires mission administration software program. ProjectManager is award-winning mission portfolio administration software program that helps mission portfolio managers plan, handle and observe their tasks in actual time. Our software program offers them options reminiscent of useful resource administration and portfolio dashboards that give mission portfolio managers a real-time window into workload, price, time and extra metrics to assist them steer the portfolio in direction of its strategic targets.

Project Portfolio Manager Skills

Project portfolio managers want each arduous expertise and smooth expertise as a way to do all that their job requires. Communication expertise are paramount, whether or not it’s directing groups or reporting to stakeholders. They want analytical expertise to gather and perceive the information gathered from the portfolio. They ought to be decisive, work independently and perceive mission portfolio administration methodologies and processes.

Project Portfolio Manager Education

Project portfolio managers are anticipated to have a minimum of a four-year diploma in enterprise administration or a associated discipline. They ought to know methods to use laptop info methods, too, and have academic expertise in mission administration. A graduate diploma is usually required.

Project Portfolio Manager Job Description

For a extra in-depth have a look at what makes an excellent mission portfolio supervisor, beneath you’ll discover a pattern mission portfolio supervisor job description. Employees can lower and paste it onto job boards, enhancing it as wanted to higher match the kind of mission portfolio supervisor they’re in search of.

Summary

Looking for a mission portfolio supervisor who has sturdy communication and management expertise to handle a portfolio of tasks and ship the targets and goals of our group. The superb candidate will probably be a self-started, impartial but additionally a workforce participant. They might want to allocate assets throughout a variety of tasks as a way to ship all inside their allotted schedule and finances whereas assembly high quality requirements.

Duties & Responsibilities

• Establish strategic portfolio plan
• Coordinate the planning and initiation of portfolio at numerous ranges of completion
• Monitor progress, budgets and schedules of portfolio
• Communicate with portfolio and mission stakeholders
• Supervise the work of mission managers
• Develops standards for analysis portfolio and proposals
• Creates guidelines and procedures for making portfolio selections
• Compiles and distributes portfolio standing stories, finances expenditures, and so on.

Requirements & Qualifications

• Knowledge of portfolio administration methodologies
• Ability to handle portfolio actions to satisfy targets
• Graduated from an accredited four-year school or college with main coursework within the discipline
• Preferred mission administration skilled (PMP) or portfolio administration skilled (PfMP) certification

Work Experience

Experience managing mission portfolios for a minimum of 5 years

Senior Project Portfolio Manager Salary

The annual wage for a senior mission portfolio supervisor can range relying on the place the job is positioned and the quantity of expertise the candidate has in addition to what trade the corporate is in. On a nationwide common, the wage for a mission portfolio supervisor is $139,030, which incorporates the bottom pay and advantages.

Video: What Do Project Portfolio Managers Do?

What are the main duties of a portfolio supervisor? That’s the query that Jennifer Bridges, PMP, asks and solutions on this quick mission administration tutorial video.

Before answering the query of what a portfolio supervisor does, Jennifer first outlined what a portfolio is. Generically, a portfolio is a group of a number of various things. In the context of enterprise, portfolios could be a group of applications or tasks, and even teams of different portfolios, with their very own applications and tasks inside.

In bigger organizations, with extremely structured vertical operations, portfolios could be managed by outlined groups and formal “portfolio managers” or PMOs throughout the group. In smaller organizations, there won’t be an outlined title or position of “portfolio manager,” however there very properly could also be senior managers who’re dealing with a number of tasks all below a specific strategic initiative or trade vertical or product line.

So portfolio administration is an vital means to implement strategic initiatives, and that’s half of what a portfolio supervisor does. But that’s not all.
Portfolio managers additionally:

• Manage a number of portfolios (teams of tasks or applications)
• Align applications, tasks and operations to strategic goals
• Measure, rank and prioritize applications and tasks. (These are clearly roles often crammed on the chief degree.)

Portfolio managers want software program to handle all their tasks and ensure every is getting the useful resource it wants when it wants it. ProjectManager is portfolio administration software program that has portfolio dashboards and roadmaps that present you all of your tasks in a single place. Roadmaps are like Gantt charts with each mission on one timeline. You can zero in on assets, durations of duties and way more. The real-time portfolio dashboard offers you a high-level view of all of your tasks, together with time, price and extra displayed in easy-to-read graphs and charts. There’s no time-consuming configuration crucial as with light-weight instruments. It’s plug-and-play! Get began with ProjectManager right this moment without spending a dime.

Pro-Tip: It’s vital for portfolio managers or groups managing a number of tasks to arrange the instruments that present visibility throughout all tasks. Watch Jennifer Bridges, PMP, discover key instruments for portfolio managers and methods to choose the best instruments to your group.
Thanks for watching!

ProjectManager is award-winning software program that empowers groups to plan, handle and observe tasks in actual time. Our collaborative portfolio administration platform connects everybody from the workplace and permits portfolio managers to supervise all mission particulars in a single place. Get began with ProjectManager right this moment without spending a dime.