Portfolio Management
Enterprise Project Portfolio Management (EPPM) is
about aligning project and investments with business priorities. It is about
insight into the status and delivery of programs & projects that enable
your business strategy.
Benefits
- Gain real-time visibility to make rapid, well-informed decisions
- Implement governance processes with built-in models and workflows
- Increase collaboration between management and delivery teams
- Operational-ize best practices and automate portfolio processes
- Monitor and control risks, issues, and financials across portfolios
- Gain 360-degree view across all projects and operations
A successful portfolio management
process identifies key business objectives, performance targets, resource
limitations and interdependencies between projects and assists the organization
in determining the combination of investments that aligns these factors.
To achieve a "balanced portfolio", several questions need to be addressed.
- What business objectives are appropriate for the planning period?
- What potential project/investments options are available?
- What resource limitations need to be imposed?
- What minimum performance targets must be achieved?
- What resources are required to implement each option?
- What will each option contribute to performance?
- What interdependencies exist between options?
- How sensitive is the optimum portfolio to changes to constraints?
- What portfolio of options produces the maximum reward (or minimum cost)?
- What portfolio should be implemented?
The portfolio management approach
facilitates rational, logical and justifiable project selection
decisions. By considering the strategic objectives of your organization,
resource limitations and performance targets within a single process, this
approach ensures that the right combination of selected projects is
implemented. Furthermore, the portfolio of active projects is
strategically focused, optimal, balanced and contains the right number of
projects for the available resources.