Summary
Effective distribution of corporate and business unit resources to manage projects is predicated on first establishing a formalized process to determine goals and objectives. This chapter discussed a method called Management by Planning that has proven to be very effective for one organization. Quantifying your capability and capacity to manage projects is a critical part of that process. Measuring project productivity and performance is a necessary part of determining your capability and capacity to complete projects on time and in budget. Instituting a project portfolio management process is a decisive requirement for successfully implementing project management best practices.
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