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Project Portfolio Management - benefits cont

Project Portfolio Management

Project portfolio management entails gathering the relevant information and making strategic decisions about which projects your organisation will focus on.
At the highest level, the process can be summarised as follows:

  • Gather a list of projects:

significant early benefits can be achieved by gathering a complete list of projects

  • Evaluate Projects:

Identify and align projects with your company’s strategic objectives

  • Prioritise and select projects:

most organisations have more projects than they can resource or fund

  • Manage the portfolio:

support is provided by the project management office (PMO) for executive decisions



 
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