Project portfolio management (PPM) can barely stay current with traditional projects on a quarterly basis; the challenge is even greater with Agile projects that change every two weeks.
- The main steering lever used to be end dates; with Agile, the main lever is scope.
- Tailor the process to your organization with either an “engaged” or “abstracted” approach. The engaged approach requires stakeholders to frequently interact with project teams to manage and refine scope. The abstracted approach is more traditional, with projects steered largely through high-level budgeting and resource allocation.
- Increase frequency of current reporting to at least bi-weekly using an Agile Portfolio Dashboard.
Portfolio management and project management are separate concerns. The portfolio management methodology needs to interface with projects (and vice versa) but they have distinct goals, terminology, and methodology.