The “Project Portfolio Management Frameworks” category is a comprehensive collection of resources, articles, and information related to various Project Portfolio Management (PPM) frameworks and methodologies organizations can adopt to enhance their capabilities. This section of our CIO Reference Library provides valuable guidance for CIOs, IT executives, and other decision-makers seeking to explore and select appropriate PPM frameworks to ensure alignment with their organization’s strategic goals, maximize return on investment, and deliver successful projects.
PPM frameworks provide a structured approach to managing and optimizing project portfolios, ensuring the most effective allocation of resources, alignment with strategic goals, and efficient execution of projects.
Key topics within the Project Portfolio Management Frameworks category include:
Overview of PPM Frameworks: Understand the core concepts, benefits, and objectives of various PPM frameworks and how they can help organizations achieve their strategic goals and maximize the value of their project investments.
Popular PPM Frameworks: Learn about popular PPM frameworks, such as PMI’s Portfolio Management Standard, Agile PPM, PRINCE2, and others, including their fundamental principles, processes, and components.
Selecting a PPM Framework: Discover the factors to consider when choosing a framework that best aligns with your organization’s unique business objectives, culture, and project management maturity.
Implementing a PPM Framework: Understand the steps and best practices for successfully implementing a PPM framework within your organization, including stakeholder engagement, process design, and change management.
Integrating PPM Frameworks with Other Management Approaches: Explore the potential synergies and integration points between PPM frameworks and other management approaches, such as Agile, Lean, and ITIL, to maximize the effectiveness of your organization’s overall management practices.
PPM Framework Case Studies: Learn from real-world examples of organizations that have successfully adopted and implemented PPM frameworks, including their challenges, solutions, and achieved outcomes.
The Project Portfolio Management Frameworks category offers valuable insights and guidance for IT leaders seeking to adopt and implement PPM frameworks within their organizations. By leveraging the knowledge and resources shared within this category, IT professionals can effectively select and deploy PPM frameworks that align with their organization’s strategic goals, optimize resource allocation, and deliver successful projects that create value for their organizations.
This paper presents a simple but powerful process to rationalize IT project portfolios in large organizations. The secret sauce? Risk adjusted returns. Instead of simple return on investment (ROI), the process uses risk adjusted returns to rank IT initiatives. Good Read!
This analysis offers a deep dive into the ROI of Project Portfolio Management tools, highlighting their strategic and financial advantages in technology leadership.
This document defines the project portfolio management process – the steps to follow to implement project or program portfolio management (PPM) in the enterprise. (50 pages)
The authors take a critical look at traditional portfolio approach which treats each individual project as separate, distinct and unrelated to each other and propose an alternative approach that optimizes the entire portfolio factoring in the interdependencies between projects. This portfolio management approach create better synergy with strategy and business results.
This paper describes a project portfolio management framework and approach based upon a clear linkage with strategic outcomes.
This paper makes the case for project portfolio management as a critical tool in the implementation of corporate strategy 1) corporate strategy must be translated into implementable projects and programs 2) the ability to pick the right programs for implementation makes all the difference between success and failure or corporate strategy. This paper presents a risk-based approach to high-performing portfolio management.
This research introduces a project portfolio management framework that combines traditional PPM techniques with a critical new capability: project/program classification and categorization. Are there different classes/categories of programs? Does each class impact PPM process the same way? Can PPM be made more effective using project categorization? The research explores this by implementing this framework in different organizations. So, what did the research reveal? Read On…
This document provides guidance on integrating IT security and IT Investment Management processes. Applying funding towards high-priority security investments supports the objective of maintaining appropriate security controls, both at the enterprise-wide and system level, commensurate with levels of risk and data sensitivity. This paper introduces common criteria against which managers can prioritize security activities to ensure that corrective actions are incorporated into the capital planning process to deliver maximum security in a cost-effective manner. (70 Pages)
Traditionally, management of portfolio frameworks and methodologies have focused on independent projects undertaken in the same funding cycle. This paper discusses a project portfolio management (PPM) framework that includes a model and approach to optimizing a portfolio of interdependent projects.
This in-depth guide covers the essentials of project portfolio management, focusing on impactful strategies and metrics for successful project execution and oversight.
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