8.4. Doing Things Right: Managing Performance and Risk

The portfolio management part of PPM is about establishing criteria and processes for doing the right things; the project management component is about doing those things right. This powerful combination helps ensure your organization is working on the highest-value initiatives and delivering them with consistency and predictability. Without this rigor and discipline in place, organizations often become inefficient and underproductive.

To achieve the optimum portfolio, performance should be continually managed, both from a project and a portfolio perspective. However, manually micromanaging the status of each project can be inefficient. Managing performance by exception can be much more ...

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