Project Portfolio Management (PPM) Evaluation Center

What Is Project Portfolio Management (PPM)?

Project portfolio management (PPM) is a business practice that helps organizations align their portfolios of projects with their business strategies. PPM organizes a series of projects into a single portfolio consisting of reports that capture project objectives, costs, timelines, accomplishments, resources, risks, and other critical factors. Executives can then regularly review entire portfolios, allocate resources appropriately, and adjust projects to produce the highest departmental returns. As its name implies, project portfolio management groups projects so they can be managed as a portfolio, much as an investor would manage stocks, bonds, and mutual funds.

Project Portfolio Management Business Drivers and Benefits

PPM systems aid in the organization and management of project portfolios, by

• guaranteeing the availability of competencies and resources upon which project success depends
• providing key stakeholders a complete view of the project portfolio
• directing cost savings by prioritizing beneficial projects and eliminating unproductive projects
• aligning IT and other projects with the enterprise’s business strategy

Project Portfolio Management Risks

Organizations without effective project portfolio management systems run the risk of company-wide inefficiencies:

• PPM software that is ill-suited to your business model will hamper your ability to align projects with strategic objectives.
• An ineffective approach to PPM will cloud the multiproject visibility you require for successful decision making.
• You may be unable to effectively identify your human resource talents or leverage their full potential on required projects.

Why use the Project Portfolio Management Evaluation Center?

• Evaluate standard PPM functionality for internal departments and back-office systems (human resources and financials), as required by project-centric organizations.
• Review the PPM software solutions that allow you to schedule and coordinate training, people, time, and resources.
• Compare the PPM software applications that provide executives with visibility and control of their project portfolios and IT investments.

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