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.
will be successful in implementing PPM. However, having observed many organizations at various stages of the process, I have concluded that there are 8 keys to success: (1) embrace the principles involved, (2) choose an approach that fits, (3) secure executive support, (4) establish governance, (5) create a value-measurement framework, (6) implement effective processes, (7) institutionalize essential capabilities, and (8) follow a road map. 1. Embrace PPM Principles PPM is not just another project