Portfolio management is interpreted and executed in many ways. We enjoy staying on top of all trends, then form a view of the matters in question and finally combine them with our vast experience. So, what is Project Portfolio Management (PPM) in its essence?
PPM is about managing orchestrated actions based on the organization’s collective knowledge, risk appetite and prioritization.
Traditionally, PPM has been top-driven, scheduled reviews of the project portfolio (current and upcoming) based on traditional project execution methodologies (waterfall, V-model, stage-gate etc.) with collected data.
In organizations with many simultaneous projects and a rotating staff, PPM targets that projects are appropriately staffed, on budget, and on time. PPM is also used to forecast future project and staffing needs, suggest return on investment for project commitments while managing potential risks/issues and change requests.
Emerging strategies, organizational designs, agile approach to project execution (scrum, Kanban etc.) and increased capabilities, call for a more agile and iterative approach to PPM with much more emphasis on updated (digitized) information readily available and a continuous flow of decision-making from mid-level management.
PPM disciplines transit from scheduled events, to continuous calibration while organizational structures, change to maximize through-put with data-driven, action-oriented feedback.
Regardless of how Portfolio Management is defined in your organization, together we can set-up a solution that meets your needs. Perhaps your processes have sprung from a highly traditional portfolio mindset, or perhaps your way of thinking revolves a more agile framework with value streams and portfolios. Perhaps a combination of both? – even so, we believe that project portfolio management is an effective way for project managers, PMOs and executive leadership to gain overview and insights while navigating with a larger strategy in mind.
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When partnering with Projectum, we will typically assess your current project portfolio management processes. Besides, in collaboration with you, we identify the appropriate level of PPM discipline for your organization. We then determine your current PPM capability and identify gaps between your organization’s current state and desired future state resulting in a roadmap for improvements and collaborative work on developing the implementation plan.
SDC moves to the cloud with Microsoft Project Online and Power BI, enabling more efficient collaboration, reduced maintenance cost and better portfolio overviewDownload