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Develop a Project Portfolio Management Strategy
Success is out there, let us help you find it.
More Details
Your Challenge
- IT is often placed between a rock and a hard place when pressured by the business to force new projects through the pipeline. Business leaders just want to know when their projects can start and when they will be completed, leaving it up to IT to manage the ever-growing and demanding project portfolio.
- In order to provide these answers, IT leaders scramble to keep close tabs on all levels of the portfolio—from individual projects, through programs, and right up to holistic portfolio views—but obtaining information on all these levels, let alone quality information that they can be confident in, is no simple task.
- Many organizations mistakenly attempt to master project portfolio management by purchasing expensive tools and assuming the tools will magically solve the problems, they fail to establish the required harmony between said tool, their PPM goals, and their process capabilities.
Our Advice
Critical Insight- Project Portfolio Management is not impossible to succeed at, but said success can only be realized if the organization aligns realistic goals and processes with the appropriate tool to support them.
- PPM does not replace the need for quality project management; PPM supplements it. Any organization that thinks it can manage a portfolio well without well-managed projects is setting itself up for failure.
- Understand the key drivers of PPM success before embarking down the wrong path.
- Expect various corporate barriers to block your path and be prepared with the strategy and tactics to overcome them.
- Identify your organization’s PPM maturity level, decide on the appropriate strategy, and evaluate the associated costs and benefits using Info-Tech’s PPM tools.
Get to Action
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Understand the value of PPM done right
Decide on a strategy that's right for the enterprise.
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Revisit and assess the PPM practice
Develop an effective PPM strategy.
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Evaluate the organization's PPM maturity level
Select the appropriate course of action to maximize chances of success.
Related Solution Sets
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Download NowCompanies Who Helped
- Rational SAP Consulting
- Orrick Herrington & Sutcliffe LLP
- Hewitt Group
Solution Road Map
Other Solution Sets in Project Management & Governance
3. Develop a Project Portfolio Management Strategy
Success is out there, let us help you find it.
Success is out there, let us help you find it.
4. Vendor Landscape: Mid-Market Project Portfolio Management
Going off the Gantt charts with team adoption and real-time collaboration.
Going off the Gantt charts with team adoption and real-time collaboration.
5. Vendor Landscape: Enterprise Project Portfolio Management
PPM grows up to manage the processes around entire program lifecycles.
PPM grows up to manage the processes around entire program lifecycles.
