Integrating Project Portfolio Management with Project Management Practices to Deliver Competitive Advantage
James S. Pennypacker, Patrick Sepate
Today's businesses find it increasingly important to execute projects efficiently—to do things right—bringing to the customer the expected quality and benefits desired from each project. They find it equally important to optimize their portfolio of projects—to direct the right resources to do the right things—in order to meet the organization's strategic goals. To accomplish this, best practice organizations integrate project management and project portfolio management (PPM) practices to tie the executive decision process to resource allocation and day-to-day project execution (see Figure 10.5-1).
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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.