Project Portfolio Management (PPM) Activity Lifecycle
The PPM process is a dynamic continuum as new projects stream and feed the process. Based on the categories of pre-portfolio, active portfolio and post-portfolio, the following high-level PPM activity lifecycle was developed. The model consists of the following phases:
- New potential projects
- Approved projects pending start
- Activated projects
- In-progress monitored project
- Deployed projects
Below each phase are a set of essential activities that PPM managers normally perform. The ending status of each phase becomes the beginning status of the next phase (next column). This template is a companion piece to the article Project Portfolio Management: A Practical Process, which provides more detail on each activity being performed. The activities are numbered for easy reference when combined with the phase letter (thus A1 = phase A, activity 1).