Learn

    Develop a Project Portfolio Management Strategy

    Throttle resource capacity to drive IT project throughput.

    An IT leader's responsibilities often include overseeing a project environment where the organizational demand for new products, services and enhancements far outweighs IT’s resource capacity to deliver on everything adequately. As a result, project throughput suffers, and many projects are constantly delayed or never completed due to scope changes or quality concerns. Many of these poorly executed projects seem like they aren't worth doing from an organizational standpoint.
    Therefore, your job as an IT leader requires some portfolio management strategy to ensure the good work gets done while minimizing waste and reducing costs by eliminating bad ideas before they start.

    How it works

    IT leaders commonly over-rely on project management tactics, mistakenly believing they already have a PPM strategy. While the tactical focus of enterprise project management can help ensure that individual projects are effectively planned and executed, it is no supplement for the insight into "the big picture" provided by a PPM strategy. Many organizations falter at PPM because they confuse processes with an end goal: improving IT's strategic value through supply chain visibility and planning.
    Executive layer buy-in is essential for successfully implementing any set of processes or strategizing to improve organizational performance due to a lack of trust among business partners within your company.

    Outcomes

    • A coherent strategy maximizes projects as a whole rather than as individual projects
    • Ability to articulate a strategy and get executive buy-in for it before you define your process goals
    • Sustainable PPM processes tailored to your organization and its culture
    • PPM strategy focused on achieving specific, tangible near-term and long-term goals