Assume that you have just been hired as the new Portfolio Project Manager of EDF Finance. You are tasked to provide governance over their portfolio, covering application of standards, governance models and their portfolio charter.

Part A - Portfolio Governance Plan

In this task, you need to develop a Portfolio Governance Plan for EDF Finance. Please use the template provided below.

Portfolio Governance Plan

Disciplined governance arrangements for projects and programs within the portfolio

Business strategy according to project portfolio

Approved plan prepared to organisational and legislative requirements

Decision-making competence of members of delegated authorisation bodies

Criteria for reporting project status and for the escalation of risks and issues to the levels required by the organisation

Part B -Portfolio Charter

Develop a Portfolio Charter using the template provided below. In completing this, make sure to use the data you have developed in your Portfolio Governance Plan in Part A of this assessment and detailing the following points:

Portfolio Charter

Project Name

Purpose, objective (goal), and project specification

Budget

Deliverables

Scope and risks

Timeframe or milestones

Key stakeholders

Team roles and responsibilities

Part C -Project Status Report

Assume that you have just implemented your Portfolio Charter for 6 consecutive weeks. Develop a Project Status Report to detail your monitoring of governance processes. Please use the template provided below.

Project Status Report

Portfolio updates and ways on how they have been communicated with portfolio stakeholders according to task and organisational requirements

Portfolio charter review

Evaluation project performance against criteria

Areas for improvement