Abstract:

In the face of unprecedented challenges brought about by the COVID-19 pandemic, portfolio management requires innovative and adaptive strategies. This article explores the essential principles and practical applications necessary for effective portfolio management within the dynamic and uncertain landscape shaped by a pandemic.

Emphasizing resilience and agility, the article highlights the critical role of clear and transparent communication in facilitating effective portfolio management during a pandemic. It discusses leveraging digital platforms and virtual collaboration tools to enable seamless information exchange among stakeholders.
Furthermore, the article addresses the importance of flexible planning and resource management, emphasizing the need for robust contingency plans and alternative resource allocation strategies to accommodate unforeseen disruptions and shifting priorities.

Risk management emerges as another pivotal aspect, with proactive risk identification, assessment, and mitigation strategies essential for enhancing organizational resilience and minimizing exposure to potential risks amidst global health crises.

Additionally, the article explores best practices for fostering team cohesion and maintaining productivity in virtual work environments, highlighting the importance of effective collaboration and communication channels.

Lastly, it underscores the significance of organizational agility and proactive adaptation in responding to emergent challenges, advocating for continuous improvement as foundational principles for navigating uncertainty in portfolio management.

In conclusion, this article presents the methods employed and the outcomes achieved regarding the development of a Digital Transformation Program within a multinational corporation, where overcoming resistance to change has been a significant challenge. By integrating resilience, agility, and proactive adaptation, organizations can effectively navigate the complexities of IT transformation amidst global disruptions, ensuring sustained success in an ever-evolving business environment.

Keywords:

Project Portfolio, Management, Risks, Transformation, Digitalisation, Agile.