Bridging the Gap Between Operations Management and Projects Management: The Important Role of Project Portfolio Management

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

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Overview: One of the hot topics in the management of the enterprise is Project Portfolio Management. In Project Portfolio Management, it is assumed that the enterprise, via the selection and execution of projects, positions itself for increased strength and profitability as well as assuring that the firm continues to thrive in a world of constant change and the threat of competition. The basic elements of Project Portfolio Management are not new. Nor is the environment in which it is applied. The question it tries to address is a project a static item or a dynamic system? The typical project has a range of possible outcomes and costs. There is the base case and potential up side and downside. The article provides simple process that can be used by all Operations and Projects stakeholders, to support Project Portfolio Management as it was meant to be. Now one can bridge the traditional gap that exists between the Operations and Projects groups and can actually monitor project performance and relate that performance to the objectives of the enterprise.

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Format: PDF | Size: 38KB | Date: Jan 2003 | Pages: 5


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