Project Portfolio Management: A View From The Management Trenches

1.8. CHAPTER SUMMARY

1.8.1. Foundational Principles

• Demand-side resource management must balance with supply-side resource management.

• PPM ensures alignment of projects with strategies.

• PPM communicates project details.

• PPM manages projects holistically.

• PPM is about action.

• There is and is not just one portfolio. It's a tiered thing.

• You don't need to implement PPM at the enterprise level to see the benefits of PPM.

1.8.2. Foundational Tools

• The business case

• The project governance process map

1.8.3. Lessons Learned

• Even "mandatory" projects have options.

• Engaging business leaders in an open, fact-based dialogue is a key outcome of PPM.

• When seeking to implement resource management for the first time, focus on a staged approach, using quick wins to build momentum and buy-in.

• Individual project business cases can be compelling, but we need to look at the entire portfolio pipeline to determine the best course of action for the company.

• Change may impact technology, physical assets, or people. People are the ones who get unsettled by change.