Project Portfolio Management: A View From The Management Trenches

9.7. CHAPTER SUMMARY

9.7.1. Foundational Principles

• The successful implementation of PPM is a journey, not a destination.

• The business case for PPM should tie back to the organization's strategy.

• The successful business case for PPM documents the benefits it can bring to the organization.

• PPM success requires a balance of people, process, and technology.

• Engaged and empowered people are keys to PPM success.

• The PPM sponsor should have enough authority to ensure that an organizational environment exists to enable success.

• Establish the process foundation in three steps: define the current state, identify issues and opportunities, and describe the future state.

• Use common, standard terminology in communicating about PPM.

• Alignment of PPM objectives and level of technology is critical.

9.7.2. Foundational Tools

• Organization map

• Organizational assessment

• PPM process flowchart

• PPM software

9.7.3. Lessons Learned

• As organizations improve their PPM processes, project performance improves.

• Stakeholders need to be engaged early and invested in the PPM implementation process.

• Create a standard repository of PPM training materials, including policies and procedures.