Under Control: Governance Across the Enterprise

8.8. Conclusion

Without PPM, it's difficult for a company to know which initiatives are best aligned with its business strategies and make the most effective use of limited resources. With project management practices alone, if a project comes in on time and within budget, and with the expected features, it may be judged as a success even if it results in minimal cost savings and revenue contribution, or even subpar alignment with corporate objectives.

In contrast, adopting PPM as a corporate discipline provides the foundation necessary for companies to move toward global portfolio governance. By ensuring that projects are chosen for execution in alignment with corporate objectives—and that once chosen, those projects optimally leverage valuable ...