Organizations with complex project environments should plan to implement Project Portfolio Management (PPM) to help focus on the right projects. Plan for an effective transition from enterprise project management to PPM by choosing software that can support both.

Delivering Effectively Managed Projects Is Not Enough

Individual project success is generally judged by whether the project was on time, on budget, and if the results were as specified. However, a project that fails to deliver significant value to the organization, no matter how effectively managed, cannot be considered a successful investment. Inappropriate projects waste limited staff and capital.

The process of PPM has achieved success as an effective method of focusing IT investments (both application and infrastructure) on the most important needs of the organization. A variety of specialized and powerful PPM applications is available. The products are supported by large software companies and have broadly available implementation support. Leaders in...