PPM’s digital evolution

 

Project portfolio management (PPM), like most other disciplines, has evolved as a result of the new digital reality. Today it comprises four core capabilities:

• Portfolio management: Continuously managing the overall portfolio and periodically reassessing and governing the portfolio

• Demand management: Collecting, evaluating, prioritizing, and approving demand, as well as winnowing out nonaligned project or solution ideas

• Project/solution management: Monitoring and controlling project and product progress, as well as resources, risks, issues, financials, scope, and quality

• Business outcome management: Measuring the outcomes of project and solution delivery and comparing those outcomes to the business case promises made in the demand management cycle. Often disregarded or performed poorly or as an afterthought, business outcome management is arguably the most important capability within the PPM framework.

The blurring of business and technology has had particular significan

Project Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals, while honouring constraints imposed by customers, strategic objectives, or external real-world factors. The International standard defines the framework of the Project Portfolio Management...https://www2.deloitte.com/us/en/pages/consulting/articles/project-portfolio-management-services.html?id=us:2ps:3bi:consem21:eng:cons:60520:nonem:na:etsa8x11:1191982706:76759783888141:be:Business_Tech_Transformation:Portfolio_Management_Services_Exact:nb

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https://www.microsoft.com/en-us/microsoft-365/project/project-portfolio-management

Key Features

The QPPM application includes a Portal, Managed Project Intake with forms and workflows, an Integrated Project Hub, and a Business Intelligence Hub.  Collectively these features connect the stakeholders and the project teams to the content, information, and apps they rely on every day.

• The formal intake feature allows the Portfolio Management Team to rank and prioritize projects by alignment to preestablished strategic drivers.  The intake feature includes automated approval workflows, customizable forms, and is integrated with the Project Hub. 

• The Integrated Project Hub provides one-stop-shopping for managers to access all the risks, issues, resources, and schedules for all the projects in the portfolio.   

• QPPM leverages Common Data Services so all the projects in the Portfolio are integrated into a prebuilt dashboard containing 13 visually rich report pages.