Project Portfolio Management
A Project Portfolio represents a set of active programs, projects, and other work to help an organization reach their strategic objectives. The portfolio reflects a set of priorities, investments and resource allocations. Portfolio Management allows organizations to focus not only on executing projects efficiently, but also on selecting the optimal set of projects for the organization to execute.
Over the past several years Portfolio Management has become a key process used to create and effectively execute corporate governance frameworks. A well-structured process enables organizations to identify, categorize, evaluate, select, prioritize, authorize and terminate projects to ensure alignment with current and future business strategies allowing them to optimize limited resources.
Because portfolios address all aspects of an organization, reaching into key functions such as finance, marketing, corporate communications and human resources, as well as strategic objectives, portfolio management has become a key method used to create and execute effective corporate governance frameworks.
Accelerated PM experts can help your organization develop a set of best practices to select and manage your portfolio of projects. If you are developing a Portfolio Management solution for organization contact us to discuss your requirements.
Posted May 19th, 2010 by rootRecent Blog Posts
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