Conduct IT Project Portfolio Management

IT Project Portfolio Management (IT PPM) is a centralized management process for an organization’s collective group of IT projects. It is a methodical approach that evaluates and groups projects based on strategic alignment, business benefits, risks, costs, and resource availability. The primary goal of IT PPM is to ensure that IT projects align with business objectives and strategy while optimizing the allocation of resources across multiple projects.

This document provides valuable insights into IT Project Portfolio Management (IT PPM). Readers will learn about the role and importance of IT PPM in aligning IT projects with business objectives and optimizing resource allocation. The document outlines key deliverables in IT PPM, including the project portfolio, project prioritization, resource allocation plan, portfolio performance report, project governance framework, and stakeholder communication plan. It offers tips for effective IT PPM, such as establishing clear evaluation criteria and utilizing PPM tools. The document also highlights common pitfalls to avoid. A sample scenario demonstrates how IT PPM can be implemented in a real-world context. Overall, this document equips readers with the knowledge to effectively manage IT project portfolios and achieve successful outcomes.