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Implementing Project Portfolio Management

Do you find it hard, sometimes, to explain exactly what project portfolio management is? Or do you find yourself having difficulty in following the conversation when a meeting steers towards how to implement a project portfolio effectively? If so, this Slideshare presentation is exactly what you need to better understand the basics of project portfolio management, how to implement it, and what benefits you can expect to see once everything is in place. The presentation, created by David Lipper, PMP, CSP and Stan Lipper, PMP, first explains some of the advantages associated with project portfolio management. These advantages include:

  • Targeting of initiatives that support organizational objectives
  • Evaluation and adjustments of project priorities
  • Management provided with project summary and detailed status info
  • Promotion of stronger relationships among projects
  • Better resource planning
  • Easier process improvement
  • Enhanced communication and cooperation
  • Capacity planning

In order to successfully implement project portfolio management, according to the presentation, you must have management support, a software tool, a high-level project management framework, and strong change management approaches, among other elements. The participants involved in the implementation include a good mix of IT, business, and vendors. Other areas of the company are also brought in, including finance and human resources.

About Matthew Kabik

Matthew Kabik is the former Editor of Computer Aid's Accelerating IT Success. He worked at Computer Aid, Inc. from 2008 to 2014 in the Harrisburg offices, where he was a copywriter, swordsman, social media consultant, and trainer before moving into editorial.

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