Companies have problems executing the right business cases because project portfolio management (PPM) processes are not aligned with the business. Any company that wants to grow, optimize operations, or disrupt the market, should implement PPM. In this article at CIO, Bas de Baat shares 3 tips to help align PPM processes with your business.
Making PPM Processes Countable
The PPM processes must be cross-functional and cater to a wide range of stakeholders holding different business responsibilities. Your project management office or IT department can serve the purpose well. Here are the 3 steps to align PPM processes with your business:
- Leadership Buy-In: To implement project portfolio management as a business process, the senior management should agree to the resultant changes. The best way to get leadership buy-in is visually displaying them the tangible results in the forecasted future. Run them through use cases where PPM can bring in innovation in the business areas and across the organization. Also, introduce them to the latest tools.
- Key Elements for PPM Success: PPM is an enterprise-based process that includes processes, analysis, implementation, and direction. Whether you implement it across the organization or just for a project, it will fail without all the elements. So, ensure you have resources that can fulfill all the requirements before implementing project portfolio management.
- Continuous Learning: When PPM goes live, concentrate on the user participation. Select representatives from all business areas that will monitor the functional aspects of the solution. You need to fulfill tasks within the deadline based on certain procedures for the project portfolio management processes. So, your learning phase might be the same as the project lifecycle. Execute the rules, learn from the mistakes, and adjust yourself to optimize operations to make projects successful.
To view the original article in full, visit the following link: https://www.cio.com/article/3030101/leadership-management/3-steps-to-make-project-portfolio-management-a-business-process.html