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Make the Commitment to Project Portfolio Management
Posted on May 23, 2013
Corporate strategy remains just a pipe-dream unless projects are initiated to move the company towards its strategic goals.
Like players on a team, you must coordinate these projects with each other and with organizational realities and objectives. Project Portfolio Management (PPM) is the process that facilitates this coordination. Used effectively, PPM ensures that projects are aligned with corporate strategies and priorities and optimizes resource allocation. It bridges the gap between the executive decision process and project execution.
How do you get started? Many organizations begin with tool implementation, but this can be a mistake. More important to the success of PPM is the change readiness of your organization around seven key elements of organizational culture.
