Project Portfolio Management on a Dime

- October 13, 2009 Economic times are tough, budgets are tight and projects are few. What a perfect time to establish a cost conscious Project Portfolio Management (PPM) function. Sounds crazy, I know, but hear me out.  Often the best time to regroup, rethink and create innovative processes is when the future looks dismal and dim.  For many organizations that time is now.  Finding new and innovative ways to work smarter, make better business decisions and maximize the value of each dollar spent is never greater than when times are tough.  In addition, since the active project case load is typically low, you might have some time on your hands to examine the effectiveness of your current approach to PPM.  There is only one catch: Any improvements will most likely have to be done on the cheap and that means finding ways to improve PPM functions that don’t require spending any additional monies. Challenging, YES, but what’s life without a few challenges?

So, in an effort to make the challenge a bit less daunting, here are some ideas you might find useful for streamlining your PPM processes.

To begin with, I am assuming that, in reading this, you are currently looking for ways to improve the PPM function and are not rich with PPM management software and tools like

•      JournyX
•      Planview PPM
•  &…

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