Project Portfolio Management: A View From The Management Trenches

Chapter 9. Setting the Foundation for Success

A successful implementation of project portfolio management is a journey and not a destination, a marathon and not a sprint. To that end, one of the immediate needs to begin the journey is a case for change, or, in more formal terms, a business case for PPM, with sponsorship, alignment, and ultimately approval. Of course, there's usually recognition that there is a reason or need for PPM that comes about because of inefficiency, ineffectiveness, or a general lack of business value from the existing investment in people and financials/budget. These are the most common reasons for change and can be related to by all levels of the organization, from the highest to the lowest. Identifying, recognizing, and defining these reasons for change are the foundation of the business case.

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