The early integration of the portfolio with other company processes means that the financial and resource implications of the portfolio are reviewed by company leadership across the board. Each top manager of the company has veto authority over proposed projects and a portfolio council is organized to resolve differences and move the portfolio on through development.
This building project would first appear in the business plan as a marketing or "ideation" concept or program objective to enter into a commercial building project, consistent with the company's growth plans. Integration of portfolio issues with other company processes requires a planning information system with the following characteristics:
1. Provides a database on current workforce commitments
2. Provides for a business impact statement for each new project proposed for the portfolio
The database can be handled through a networked Microsoft Project "resource pool," a database of all current projects and committed resources against a calendar.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.