Project Management Office — Governance
PROJECT PORTFOLIO MANAGEMENT
Does your company struggle with planning and monitoring programs and projects? You may not have the experience or internal capacity to know how to start and implement an effective program for Project Portfolio Management and governance of the portfolio. To establish processes and oversight for Project Porfolio Management, our proven consultants can provide focus and leverage their experience.
Project Portfolio Management provides an organization, business, or company with the ability to objectively understand the goals of the organization and determine the priorities of programs and projects within the organization. Criteria is developed to gauge progress towards goals and reporting is developed to provide key indicators to program and project health. Key stakeholders are established to review progress, understand issues, and apply appropriate direction.
Successful support of Project Portfolio Management includes:
- A base line assessment of your portfolio processes.
- A strategic vision, tactical plan, and timeline to establish the Project Portfolio function.
- Objective measures to gauge project health.
- A subject matter expert to lead, train, and teach maintenance on Project Portfolio Management.
- A standard process for portfolio planning and quality checkpoints to govern the portfolio.
- Participation from internal staff to learn, maintain, and apply transitioned knowledge in the portfolio process.
- Senior Management involvement in the process.
Project Portfolio Management benefits include:
- Improved visibility and objective decision making on the Portfolio, Programs, and Project issues.
- Improved visibility into trends and issues enabling modifications for process effectiveness and efficiency.
- Improved stability, reliability, and confidence that the organization is focused on the right things.
- Improved ability to manage scope and changes to the portfolio.