Wednesday, September 26, 2012

Objectives of Project Portfolio Management


Choose the right project mix— choose those projects that will leverage precious resources to bring large, measurable value to the stakeholders.
Ensure the correct scope Align projects and content cross-functionally to ensure that the combined changes will result in measurable improvement in meeting organization goals. Many of today’s projects have technical scope relevant to a single, functional area, but lack the organization-wide policy, measurement, and content changes necessary to have a significant impact on organization goals.
Execute fast, in the correct sequence— overloaded organization with too many projects sees a dramatic increase in resource multitasking or sharing with a devastating slowdown in project flow. Project durations climb exponentially. Quick execution also demands that PPM effectively monitor project execution to ensure that out-of-control situations are speedily recognized and acted upon.

No comments: