Loading... Please wait...

Register for BLOG

Stay on top and comment on the latest TOPtm ideas, views and occasional rants - REGISTER NOW



Portfolio Management

bannerPortfolioManagement.jpg

TOP™ raises PPM up to the strategic level to enable it to focus on both strategy and project delivery.

Project portfolio management (PPM) exists to make 1+1=3 — to ensure the portfolio cumulatively and successfully delivers the business strategy and desired results for the least cost.

PPM is both investment strategy and business value driven. It focuses upwards to support the Investment Committee design and prioritize the portfolio, and downwards to support the individual projects and their governance teams successfully deliver their projects. Or, at least, it should.

More often it is only reporting project progress and problems.


Understanding guidesHow to guidesBooks More Info

Project Portfolio Management (PPM)  is so much more than ‘demand management’ and ‘project reporting’. While it may need to start there, it’s true value is when it is 

  • planning the delivery of the portfolio to maximize their cumulative value
  • resolving cross-project issues to ensure their swift, one-time resolution, avoiding duplication and unnecessary costs 
  • analysing the portfolio’s areas of strategic contribution 
  • validating individual projects to ensure they are set up for success and to deliver the optimum value
  • planning future cash flow and other resource requirements
  • managing the lessons learned and ‘capability uplift’ programs to increase the organization’s ability to successfully delivery its strategy
  • verifying the delivery of the expected returns and identifying areas for future improvement.

When the PPM’s role is limited to demand tracking and reporting, the cumulative value of the portfolio perspective is lost. A successful PPM will improve

  • portfolio visibility
  • portfolio delivery
  • portfolio results - in business outcome, benefits and value terms
  • portfolio performance - more projects and more value in less time and for less cost.

TOP™ equips the PPMO to visibly improve the performance of projects and the portfolio and the organization. The PPMO no longer has to justify its existence but is seen as a major contributor to the portfolio’s success.