The Power of Enterprise-Wide Project Management

21.2. PBM Component Initiation

The third major step in the business objective implementation process (Figure 20-9) is the initiation of each standalone PBM component selected to be accomplished during the next business cycle. A PBM component must be initiated and then authorized before work can begin on that portfolio/program/project. The PBM component initiation documentation can be viewed as similar to, but more extensive than, an action item plan in a business management planning process. The basic initiation documentation for each standalone PBM component includes the:

Portfolio: Statement of work, enterprise business management plan with related business case(s), identified applicable enterprise environmental factors, and organizational ...