Project Portfolio Management

3 Steps to Make Project Portfolio Management a Business Process

If your business is not utilizing project portfolio management (PPM), you are alarmingly behind. PPM is a great asset that organizations must learn to use better and more often, and deploying PPM as a business process will maximize its potential. In an article for, Bas de Baat elaborates on the three steps to transform PPM into a viable business process:

  1. Align leadership
  2. Implement
  3. Execute

The Makings of Better Business

In order to make ideas successful, people need to support them. The quickest way to do this is to get executive leadership on board with the proposed idea. The essential piece to make this happen is to create visualization so that executives can literally picture success. Walkthroughs can be the key or maybe even just a simple introduction. After executives are sold, a change leadership committee should be established so that PPM can be delivered well.

The bottom line is that PPM is an enterprise application, and it must be managed accordingly. The implementation phase should be focused on the business process, analytics, application, and governance. These four elements are all aspects of the integrated PPM solution and should be implemented at the same time. When too much focus is placed on one aspect, the project is destined to fail. Balance is key here. Equip your team with internal and external resources that will help them deliver the best outcome.

When the PPM solution becomes a reality, it is the start of something new. Now is the time to direct your focus towards the user and ensure that they are satisfied with the delivered results. The super user is essentially the expert and the one whose support you must gain. Adjustments may need to be made along the way.

If businesses seek to grow and prosper, they need to treat PPM as a business process. PPM is the answer to evolving into the strongest competitor in the industry. You can read the original article here:

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