The PPM Promise

Andy Jordan is President of Roffensian Consulting S.A., a Roatan, Honduras-based management consulting firm with a comprehensive project management practice. Andy always appreciates feedback and discussion on the issues raised in his articles and can be reached at [email protected]. Andy's new book Risk Management for Project Driven Organizations is now available.

  Business Analysis   Portfolio Management   Strategy   ProjectsAtWork  

Why isn’t project portfolio management delivering on its promise in so many organizations, and what can be done about it? It starts with building a strong foundation of processes for idea generation, business case development, project review and selection. Here are guidelines for making it happen.

Over the last few years the practice of project portfolio management has spread to the point where most organizations are now conducting some form of consistent approach to connect their strategic planning and project execution. And many of these organizations are seeing improvements in overall performance against goals and objectives — fewer variances and more consistency. However, very few organizations are delivering on portfolio management’s ultimate promise of consistent attainment of all business goals. That’s a problem, and it needs to be addressed, but first we have to understand the root causes so that we can implement the right solutions.

Every organization has its own unique challenges which may impact the ability to deliver on their goals and objectives, but for many organizations the core problem is that they fail to build a strong foundation for portfolio success during the idea generation, business casing, project review and selection processes. If the wrong projects are selected to begin with, the chances of achieving the business objectives …

Please log in or sign up below to read the rest of the article.