PM Project Portfolio Mgmt

milestone tracking time sheet management project controlling portfolio management resource management multi-project management Idea Management & Initiation

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Project Portfolio Management in the context of ]po[ refers to managing and analyzing a group projects based on numerous key characteristics. The objective of PPM is to determine the optimal mix and sequencing of projects to achieve the organization's overall goals.

Process Activities

  • Analyzing and collectively managing a group of current or proposed projects according to a number of variables including estimated cost, estimated profit, risk, success probabilities etc.
  • Capture proposals for new projects and project changes
  • Create an inventory of existing projects to provide visibility to projects and ensure responsiveness about ongoing activity

Process Input

 

  • An inventory of ongoing projects
  • A list of project proposals
  • A classification of projects according to a number of variables

 

Process Output

 

  • A prioritized list of projects
  • Permissions to start new projects
  • Decisions to stop or delay ongoing projects.

  

Process Support by ]po[

 

The following ]po[ packages provide support for this process:
  • core package provides the means to capture project proposals and ongoing projects.
  • project tracking process allows to determine the status of ongoing projects.
  • reports allow to extract information about potential and ongoing projects.
  • workflow package allows to control the approval process of projects and to impose compliance with formal criteria.

 



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