![]() Project portfolio management has many objectives. For more information, check out our guide to the project portfolio management process. Common types of project portfolio management include enterprise project portfolio management, which refers to large-scale initiatives responsible for evaluating every project across all departments, and IT project portfolio management, which includes projects run within the IT department. You can tailor project portfolio management strategies to any internal department, and scale it for any size or volume of projects. A successful strategy will evolve with the organization as needs change. The main goal is to successfully evaluate your projects’ probability of success, while accounting for any risks, and to schedule them in a way that maximizes the utility of an organization’s resources. The objective of project portfolio management is to increase efficiency by implementing a repeatable, criteria-driven process to choose and prioritize upcoming projects. Managers prioritize portfolios using predetermined criteria, and allocate resources according to priority level. The term project portfolio management (PPM) refers to the way a team efficiently organizes and manages groups of related projects to achieve strategic goals. WorkApps Package your entire business program or project into a WorkApp in minutes. ![]() Digital asset management Manage and distribute assets, and see how they perform. ![]()
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