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Beginner’s Guide to Project Portfolio Management

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Beginner’s Guide to Project Portfolio Management

Critical Steps, Tools, Benefits

Digital Project Manager,

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Effective project portfolio management can deliver significant bottom-line benefits.

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Editorial Rating

8

Qualities

  • Applicable
  • Overview
  • For Beginners

Recommendation

Agencies typically run scores of projects concurrently, raising questions about priorities, resource allocation and sequencing: thus, the need for project portfolio management (PPM). Digital project manager Ben Aston, writing for The Digital Project Manager platform, provides a thorough introduction to the rationales, benefits and processes of PPM. Agency owners, program managers and project directors, as well as prospective portfolio project managers, will appreciate Aston’s clear, authoritative overview and useful tips.

Summary

Project portfolio management (PPM) means centralized management of projects to ensure optimal prioritization, efficient resource use and maximum returns. Project management aims at achieving individual project objectives; PPM views a company’s slate of projects as a whole. Project portfolio managers make up-or-down decisions on individual projects to create a project portfolio, basing their decisions on projects’ strategic fit, risk profiles, time scales, resource needs and interconnections. By determining the risks and potential returns of specific projects within the context of the portfolio...

About the Author

Ben Aston is founder of The Digital Project Manager, a platform for project management information.

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