Project portfolio management (PPM) is a tool-supported process for optimally managing an organization’s “portfolio” of projects. And although PPM can provide real value, many organizations are finding PPM implementations difficult. However, there are key approaches that can increase your likelihood of success, as well as an effective step-by-step process for implementing PPM within your organization.
workflow process (proposal submitted, awaiting data verification, pending, approved, etc.). You will also need to track progress for those projects that are approved and underway (planned versus actual progress, spend rates, issues tracking, milestones, etc.). You’ll want a system that ensures that project managers take responsibility for updating information in the project database. Again, spreadsheets may be adequate, but be sure to include dashboard views that roll up and summarize project data to he