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Opportunity Scanning
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This stage is unlike the programme and project stages as it does not include sequential milestones as the events are cyclical.

On a quarterly basis there should be a formal review of the events affecting the environment in which the organisation is operating and to check for new or evolving strategic attitudes, initiatives and markets that the organisation may need to engage with in the future.

Parts of the organisation may be undertaking this independently, the portfolio should pull this work together to understand, categorise and prioritise changes that may or will require action.
Scan Diagnose the Opportunity Balance Close the Programme Demonstrate the Value External Scan Internal Scan Idea Strategic Assessment Portfolio Gate 1 Governance model established Delivery brief defined Portfolio Gate 2 Financial Performance Assessment Benefits Performance Assessment Statutory Compliance Performance Assessment Change Delivery Performance Assessment Programme closure initiated Programme closure completed Portfolio Gate 3 Evidence and evaluation completed Benefits released

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