Altus Portfolio

Definitions

Portfolios

Portfolio management is not concerned with the detailed of projects and programs, rather, it approaches the management of change projects and programs from a strategic viewpoint.
Altus enables portfolios to be created which enable programs and projects to be linked to corporate strategy providing a high-level view of delivery.

Programs

Programs are focussed on the delivery of outcomes rather than outputs (the domain of projects).
Altus enables programs to be created and managed by program managers to group together projects that are working towards delivering a common outcome for the organisation.

Challenges

The challenge record is part of the intake process in Altus.
The challenge is a mechanism for the organisation to identify a problem or objective holistically at the highest level.
These can be linked to Strategic themes and further expanded on via Ideas.

Ideas

An idea is usually the direct response to a Challenge that has been raised.
The idea is very high level and seeks to provide some objective numbers regarding cost, risk profile and strategic alignment.
The approval of an idea generates a proposal record where further information can be captured.

Proposals

The proposal is the ‘concept brief’ that must be approved before a project is created.
This is where problem statement, benefits, costs, return on investment, and high-level time frames are captured.
The approval of a proposal generates a project record.

Projects Tab

In Portfolio and Program records, the project tab shows the list of associated projects in a hierarchical list with a Gantt within a view module called Altus Explorer.

Example of Altus Explorer in a Portfolio:

Screenshot of Altus Explorer in a Portfolio