Discover the desired results of applying Project Portfolio Management (PPM) and how it aligns with a company’s strategy, goals, and mission for improved efficiency and effectiveness.
Introduction to PPM
PPM ensures projects align with the company's strategy, goals, and mission, enhancing value and competitive advantage by prioritizing compatible projects.
Aligning Projects with Strategy
PPM monitors and controls strategic projects, ensuring they contribute to organizational goals and preventing misaligned projects from draining resources.
Monitoring and Control
Proactive project managers using PPM prioritize high-value projects, secure necessary resources, and ensure smooth project progression, avoiding wasted efforts.
Proactive Project Management
Correct PPM use leads to better prioritization, efficiency, and control, while incorrect use can demotivate employees and increase costs.
Positive vs. Negative Effects
PPM addresses mismanaged timelines, budget overruns, overworked employees, and poor decisions, enhancing visibility and productivity.
Addressing Key Issues
PPM helps organizations focus on long-term goals, making tough decisions easier and aligning short-term projects with strategic objectives.
Strategic Portfolio Management
PPM addresses mismanaged timelines, budget overruns, overworked employees, and poor decisions, enhancing visibility and productivity.
Increased ROI and Resource Efficiency
Implementing PPM practices improves decision-making, resource use,& risk management, leading to greater organizational success & efficiency.