Introduction

Implementing an effective Project Portfolio Management process doesnt have to be arduos.  At its simplest level, your project portfolio management process needs to focus on control of your project pipeline and the balancing of resources to maximize returns (within the constraints of the resources available to you).

Once you’ve got the fundamentals in place, everything else can follow as you evolve your processes over time.

In this free process development download, we identify some of the very high level steps you need to put in place to set the foundation for an effective Project Portfolio Management process in your organization. It’s especially useful to those looking to get a more holitic view, across their projects, for the first time.

In it, we illustrate the following:

Key themes

• Defining a set of portfolio parameters (from which to analyse performance improvements) 

• Creating a common financial model for all projects

• Establishing good governance

The guidelines apply equally to both a software and a non-software based approach (meaning project portfolio management process tools like ours are not a prerequisite to getting value from the document).