Effective Portfolio Management Implementation Tips

Home  >  Articles  > 
Effective Portfolio Management Implementation Tips

Andrew Makar, PMP

February 19, 2008






Teams initiating a project portfolio management implementation should be aware of potential pitfalls organizations can experience during implementation and execution. Vendors sell the idyllic dream that positions their tool as the magic cure-all for visibility and portfolio planning throughout the organization. From the project manager managing the daily activities to the senior IT director developing the cycle plan, project portfolio management software promises end-to-end features rich enough to satisfy both audiences.
 
The reality is without a process to provide accurate information, the PPM system risks quickly joining the IT graveyard of implemented but rarely used solutions. The following are a few tactical tips to ensure your PPM solution is a successful one that is used frequently and provides data for good decision making.
 
Tactical Tip #1: Manage portfolio operations reviews using the PPM Tool.
By establishing a weekly or monthly process to update the tool, managers will encourage users to incorporate the PPM system into their daily, weekly or monthly routines.



Please login/register to read the entire article.





sponsored announcements and special offers
Build and deploy interactive reports and dashboards — without any hidden costs. Our in-the-cloud free trial lets you see for yourself — no download required. SAP Crystal Reports Server 60-day Free Trial


Get a business advantage. With a Services Dashboard, you're in the driver's seat. Solid benchmarks allow you to prioritize initiatives, monitor improvements and understand the business impact of best practices on your services organization. Read now.

Improve your company's efficiency and effectiveness, no matter its size. Download the SAP whitepaper Business Intelligence: The Definitive Guide for Mid-Size Organizations.

Online Lean Six Sigma Certificates
Earn certificates 100% Online from Purdue University, and gain knowledge in lean and six sigma. Lead improvements in your organization with skills learned. Courses start soon and space is limited. Click here for more info.

Online Project Mgmt Certificates
Earn project mgmt certificates 100% Online, and gain knowledge in foundations to PMP Prep. Skills apply directly to any industry. Save $1000 and get a FREE PMP Prep course w/ your certificate through 7/31/10. Click Here



"Take care of the luxuries and the necessities will take care of themselves."
- Dorothy Parker