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Top Five Project Portfolio Management Trends for 2014

If there is one thing every organization would like to have, it is better project portfolio management. The topic may not always garner all the discussion it deserves, but it is a vital part of maintaining a healthy business. A slideshow at IT Business Edge provides the five trends that are defining PPM this year:

  1. Increased adoption of PPM for integrated portfolio management
  2. More PMO heads will measure effectiveness on business results.
  3. A realization of PPM benefits
  4. Portfolio management encourages project entrepreneurship.
  5. Rolling-wave planning (agile)

Trendsetting

On the first listed point, the slideshow has this to say:

The evolution and rapid uptake of SaaS PPM has increased coordination with ancillary IT management applications. ALM (application lifecycle management), agile and ITSM vendors have been leveraging PPM through alliances, integration and/or acquisitions. This trend began to have an impact in 2011 and Daptiv expects this to continue to play a key role in PPM's market growth through 2014 as it becomes more closely tied into other key business systems.

There are numerous ways to measure whether or not the PMO is doing a good job, and PMO heads are starting to measure outputs over inputs. They are becoming aware of the greater good that is served by better cultivating PPM. This realization will cause project managers to think more about the resulting business benefits of projects, rather than just fixating on the “on time, under budget” aspect of projects. In this way, project managers will also become inspired to be more entrepreneurial in their pursuit of benefits and business alignment. And finally, yes, agile is expected to continue making waves and making gains. People just like it!

You can view the full slideshow here: http://www.itbusinessedge.com/slideshows/top-five-project-portfolio-management-trends-for-2014.html

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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