Project Portfolio Management And The Strategic Project Office
- Topics:
- Strategic Planning Process
- Tags:
- It Operations,
- Strategy,
- SPO,
- Project Portfolio Management,
- Project Management,
- Portfolio Knowledge,
- Microsoft Office,
- Management,
- It service Management,
- Tools & Techniques
- Source:
- Project Management Solutions
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Overview: The SPO is an organizational entity responsible for mapping strategy to projects and monitoring projects and portfolios to ensure they continue to address strategic initiatives, even as these initiatives change over time. It serves as the critical link between executive vision and the work of the enterprise. The article explains the functions performed during project management: project support; selecting and supporting project management software tools; implementing and maintaining project management processes, standards, and methodologies; providing project management training; providing project management consulting and mentoring; managing and developing project managers. The selection process involves identifying opportunities; assessing the organizational fit; analyzing the costs, benefits, and risks; and developing and selecting a portfolio. As explained in the article, PPM is concerned with fit, utility, and balance. If done effectively, PPM will ensure optimum use of people and resources.
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Format: HTML | Date: Jan 2003 | Pages: 1
