Integrating Project & Portfolio Management

Topics:
Commercial Lending
Tags:
It Operations,
It service Management,
Management,
Pacific Edge Software,
Portfolio Management,
Project Management,
Project Portfolio Management,
Tools & Techniques
Source:
Pacific Edge Software

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Overview: Today's businesses find it increasingly important to choose the best portfolio of projects that will help their organizations meet strategic goals. They find it equally important to execute the portfolio of projects efficiently, bringing to the customer the expected quality and benefits desired from each of the projects. To help in accomplishing this goal, the best organizations integrate Project Portfolio Management (PPM) and Project Management (PM) practices to bridge the gap between the executive decision process and day-to-day project execution. Effective PPM connects business goals, objectives, and strategy to project management. Applying effective PPM practices is becoming increasingly important to all business organizations. Small or large, each organization must select and manage its investments and execute its projects wisely to reap the maximum level of benefits from their investment decisions. The article provides various ways for establishing integrated processes. Some of these are assess maturity, review change readiness, phase in new processes, establish PM and PPM home base. All these play a very crucial role in the integration of the two.

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Format: HTML | Date: Jan 2003 | Pages: 1

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