8 min read In mature project management organizations, project management exists in a wider context that is governed by program and portfolio management. The organization’s strategies and priorities are interrelated and have links to portfolios and programs, as well as between programs and individual projects. Organizational planning influences projects by setting project priorities based on risk, funding, and […]
The Importance of Project Portfolio Visibility for Modern Organization
6 min read PPM considers the big picture of all projects grouped together; past, present, and future – and calculates the optimal prioritization and sequencing of projects to maximize return on investment. While we often theorize projects as discrete, independent units – the truth is that we rarely manage projects in isolation. The reality is that they’re inextricably […]
Introduction To Portfolio Management: Correlation Of PPM Maturity Model And Business Life Cycle
4 min read Using the concept of the PPM Maturity Model can help business executives realize the full potential of portfolio management and software solutions to enhance visibility, flexibility, and efficiency within the company. To use this framework, however, it is very important to understand the connection between PPM maturity level and Business life cycle. To understand the correlation between […]
Introduction to Portfolio Management: a PPM Maturity Model
5 min read Portfolio management, while being a sophisticated instrument of business, addresses the immediate pains and needs of the business. Usually, it results in applying scheduling, budgeting, and other various project initiatives. Most businesses stay at this level, mostly not by design but as a result of treating the issue as a means to an end, not as […]
Introduction to Portfolio Management: The Key Elements of Portfolio Management
4 min read The evolution of business practices is connected to portfolio management practice development. While a common starting place for the “birth” of project management may be the need to establish control over the timeline. The end goal of PPM is no longer a representation of tasks, work effort, and progress. Modern organizations face new demands for […]
Introduction To Portfolio Management: The Most Essential Basics For Starters
3 min read Enterprise portfolio management Any business has a goal to grow and prosper. As this process starts there are several vital things, you should consider, for this growth to be controlled and manageable. The task of the maturity model for managing portfolios, programs, and projects is to help companies assess the level of development of management […]
Modern PPM Visibility Issues
5 min read Part 1: How to protect your investments, keep your existing tools, and gain visibility? Years of latent markets dampened the profits and increased the competition. These conditions made businesses aware that chasing your goals “as it goes” doesn’t cut it anymore. While exploring PPM, small and middle-size companies found “Visibility” to be one unique and […]
What does Portfolio from Project Portfolio Management Stand For and Why You Need it Asap?
4 min read A project portfolio management system provides the ability to plan efficient use of resources. Many large enterprises and organizations have made and continue to make attempts to introduce corporate PPM strategies to enhance productivity and efficiency within the organization. If a Project is a purposeful activity of a temporary nature, designed to create a unique product or […]
Portfolio Manager: When This Position Becomes a Must for Your Business
7 min read “While project management is about executing projects right, portfolio management is about executing the right projects.” (c) Bob Buttrick. So, when does the project portfolio manager (PPM) come? Project portfolio management (PPM) is the centralization of your company’s business processes. It is done to analyze the current projects, and categorize and group them into portfolios. This […]
Standardization of Project Portfolio Management: Objectives and Prospects
3 min read Today, the vast majority of project-oriented organizations are facing an avalanche-like growth in the number of projects being implemented. Obviously, such organizations are in dire need of implementing uniform methods and standards for managing projects and project portfolios. A systems approach can significantly improve business performance and capitalization, and improve the business performance of companies. […]