Hollywood studios work to achieve a balanced portfolio of work in production. Each successful studio accomplishes this end by following its own customized green-light rules. And it follows up with careful production monitoring to ensure that a portfolio performs within its preset cost and schedule constraints.
In general, PPM in the world of IT operates the same way. It focuses on two work streams, each one serving as an oversight and control activity.
PPM provides a gate that can be used to control what projects reach production.
PPM serves as a source of up-line, centralized oversight that can initiate adjustments and refinements to the in-production portfolio.
The broad benefits that can emerge ...