Project Portfolio Management (PPM) Activity Lifecycle

 

Format: Specifications/Procedures

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).

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