Covered by Microsoft Solutions
Does project portfolio management matter? The answer is fairly simple: Yes, of course. But what is project portfolio management (PPM) in its essence? PPM is orchestrated actions based on the organization’s collective knowledge, risk appetite and prioritization.
Traditionally, PPM has been top-driven, scheduled reviews of the project portfolio (current and upcoming) based on traditional project execution methodologies (waterfall, V-model, stage-gate etc.) with collected data. In organizations with many simultaneous projects and a rotating staff, PPM targets that projects are appropriately staffed, on budget, and on time. PPM is also used to forecast future project and staffing needs, suggest return on investment for project commitments while managing potential risks/issues and change requests.
However, emerging strategies, organizational designs, agile approach to project execution (scrum, Kanban etc.) and increased capabilities call for a more agile, iterative approach to PPM with much more emphasize on updated (digitized) information readily available and a continuous flow of decision-making from mid-level management. PPM disciplines transition from scheduled events to continuous calibration while organizational structures change to maximize through-put with data-driven, action-oriented feedback.
At Projectum, we recommend Microsoft Project Online to optimize your project portfolio management in supporting the achievement of your goals. Below PPM, you can execute projects using both traditional and agile methodologies. In support of Project Online, we combine a variety of Microsoft solutions seamlessly to ensure maximum insight, benefit gain and scalability – e.g. VSTS for agile project execution, Teams for collaborative work and Power BI for advanced portfolio analytics. This is the combined value proposition of the Microsoft platform altogether, and we at Projectum are experts in connecting the dots!
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