Project Portfolio Management
Selecting and Delivering the Right Projects in the Right Way
Better Control Your Business
"Doing projects right" is a top management priority-and rightfully so. But the emphasis must also be on "doing the right projects right." The right projects are aligned with the organization's objectives, resourced appropriately (in terms of dollars and human capital) and prioritized based on the potential to create value for the business. And they're selected through objective criteria, and with clear recognition of the triple constraints – scope, cost and schedule.
Effective portfolio management ensures all projects align to core strategies and maximize the value of an organization's assets, investments and resources.
Getting to Success with Project Portfolio Management
Special projects and strategic initiatives are a significant lever to achieve key goals. That's why companies invest so heavily in them. To harvest the full value of these investments, however, companies need to apply portfolio and program management best practices and drive change initiatives to completion.
Using a lifecycle-based approach, Infinitive Change Engineers deliver high-value solutions, including:
Portfolio Alignment & Prioritization: achieve consistency and synergy—strategic alignment with corporate mission; objective business case development and cost-benefit analysis; portfolio risk management.
Portfolio Balancing: find and maintain the optimal mix of projects—market vs. supply side (infrastructure) evaluation; risk vs. reward, allocation of assets (maintenance vs. development) assessments; resource impact modeling.
Portfolio Metrics: gain clear insight into projects –process and procedural metrics definition; implementation of decision-making rhythms, including (when), evaluation criteria (how) and organizational responsibilities (who).
Benefits Planning, Forecasting & Tracking: focus on strategic objectives and benefit creation—evaluation against accurate, realistic ROI targets; standardized dashboards and reports to keep senior management in the loop; communications management; assessment systems and templates for portfolio performance, opportunities, threats and issues, projection vs. actual.
Project Portfolio Management Tools Implementation: management of a large portfolio of programs and projects in a changing environment justifies an investment in portfolio management tools. These tools allow you to focus on the high-value analytical activities of project selection and portfolio balancing.
Program Management Office (PMO) Implementation: lay the foundation for long-term success-scope definition; governance, monitoring and milestone-driven reporting; metrics definition and performance management planning; ongoing operational support and continuous improvement. |
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