Project Portfolio Management Defined - First Principles
By Demian Entrekin
First let me just put a few stakes in the ground:
Traditional approaches to Project Management (PM) are broken and need to be fixed
Project Portfolio Management (PPM) is not a trend - PPM is here to stay and is fundamentally changing how organizations manage projects
IT departments are a [...]
Reasons for Tuning a Project Portfolio
By Pradeep Bhanot
Creating a perfect portfolio may be a dream, but striving for one should not be. Lean thinking encourages incremental measures that focus on the customer, improve processes, amplifying good projects and eliminating waste by switching off or deferring non-strategic ones.
What makes one portfolio better than another? One popular [...]
Project Portfolio Management in Ten Minutes
By Kailash Awati
Let’s begin with a few definitions:
Portfolio: The prioritised set of all projects and programs in an organisation.
Program: A set of multiple, interdependent projects which (generally, but not always) contribute to a single (or small number of) strategic objectives.
Project: A unique effort with a defined beginning and end, aimed [......
Adopting a Successful Project Portfolio Management Process
By Miley W. Merkhofer
The successful project portfolio management process includes four major components (Figure 1). First, a structured process is used to acquire key information about all projects and to organize the data into one or more project portfolios. Second, consistent and objective methods are employed to analyze projects [...]
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