PPM Capability and ROI
A new benchmark study on project portfolio management identifies best practices, future trends and areas of improvement, while establishing a link between PPM capability and return on investment.
Project portfolio management is becoming a fixture in most organizations, and the PPM capability of organizations is increasing as is PPM’s value to them. Those are the main takeaways from a new benchmark study by PM Solutions.
“The State of the Project Portfolio Management (PPM) 2013” found that 71 percent of firms have a PPM process in place, up from 64 percent in 2003. Of the firms without PPM in place, 52 percent say they plan to implement PPM processes within
the year. This growth reflects PPM’s rising importance to organizations.
PM Solutions surveyed 495 high-level project management personnel from large, mid-sized, and small firms in various industries from around the world, including finance and insurance, manufacturing, healthcare, professional services and government. The primary purpose of the study was to gain a clearer understanding of current PPM practices, challenges and trends that will lead to improved PPM success.
What distinguishes organizations with highly capable PPM processes?
> They are far more likely to realize a broad range of benefits from PPM including improvements in resource allocation, customer satisfaction,
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