Blending™ is a software database system designed by Exemplar House (iPM) for use with all project types to facilitate an organisation / business unit to determine the most appropriate selection of projects that make up the portfolio to enable delivery of the strategic plan.
Whilst the planning horizon is generally the total length of time to implement the strategic plan, decision horizons are typically coincident with the fiscal or business planning cycle. See Hopscotch™ for further details. The primary advantage of the database system is the centralisation of critical data, ability to constantly monitor and update, which results in a knowledge repository for future portfolio decisions.
The Blending™ process is a core instrument of best practice portfolio management and has been recognised within many of the guidance documents as critical to enterprise success. As Blending™ is fundamental to the effective delivery of a strategic plan, it includes the selection and resourcing of portfolio’s of projects, which are continually reviewed at decision horizon points, incorporating the management of both opportunities and threats arising from business uncertainty.
The parameters associated with Project selection are unique to any organisation / business unit, therefore we customise the product to suit customer needs in each case.
Justin Tuohy | @pen 