Project Portfolio Management: An Overview
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Overview: Project Portfolio Management (PPM) is about how the business manages projects as short-, medium-, and long-term strategic investments. It helps the business establish a clear line of sight from the top right down to the individual project layer -- giving you the ability to spot project redundancies before they happen. From the strategic viewpoint, it allows stakeholders, business leaders, and executives to see clearly and understand how effective their strategies are and, if necessary, which programs and projects to review. From the operational point of view, PPM empowers the portfolio, program, resource and project managers with tools, support, and necessary corporate accountability to execute project delivery. This white paper introduces the concept of PPM and explores the main driving forces behind its emergence and the resulting benefits if implemented as a part of your corporate strategy.