The document discusses six telling signs that an organization needs to change its portfolio management approach. The signs are: 1) Lack of coordination or alignment to business strategy. 2) Unclear or overlapping scope of programs. 3) Behaviors that tell a story of issues. 4) Inability to quickly reprioritize for changing circumstances. 5) Inability to balance resources with projects and programs. 6) Ineffective communication about change and priorities. The document provides insight for leaders managing change and outlines four reports in a managing the portfolio series that address recognizing the need for change, gaining visibility, prioritizing change, and leading and optimizing change.