Real Alignment

  ProjectsAtWork  

Portfolio management capabilities allow organizations to better control and manage assets, increasing responsiveness, revenues and adaptability.

Today's businesses find it increasingly important to execute projects efficiently—to do things right—bringing to the customer the expected quality and benefits desired from each project. They find it equally important to optimize their portfolio of projects—to direct the right resources to do the right things— in order to meet the organization's strategic goals. To accomplish this, best practice organizations integrate project management and project portfolio management (PPM) practices to tie the executive decision process with resource allocation and day-to-day project execution.

Project management focuses on meeting project requirements. It helps ensure that projects are done well, delivering results on time and budget. Project portfolio management focuses on meeting business imperatives. It ensures that the organization optimizes its use of limited resources on investments that are achievable and strategically aligned with business goals.

The stakeholders for individual projects include business owners, business sponsors, and often the end user of a project's output. These stakeholders are concerned with satisfying their business requirements and needs and controlling cost and schedule. When projects slip or…

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