Project Portfolio Management: Importance, Implementation and Governance

Project Portfolio
ManagementName of the Student:
Student ID:

TREY
re s e a rc h
What is
PPM?Project Portfolio
Management
2
 Project Portfolio
Management is the tool or
method that is used by an
organization to gain proper
view of the resource usage
and the project timelines
(Sanchez, 2015)
 It helps in analyzing the
project as well as the
portfolio trade-offs, risks and
performance.
 It helps in prioritizing and
selecting the right projects.

TREY
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Why PPM
Why an organisation need project portfolio
management?
PPM helps in:
• Ensuring credibility and increased
accountability to the company
stakeholders
• Enhancement of the ability of
making strategic and timely cuts
whenever needed (Teece, Peteraf
& Leih, 2015).
• Planning schedules and allocating
resources that are necessary for
making a project portfolio 3

TREY
re s e a rc h
How could be
change of managers
used for the
implementation of
PPM?4

TREY
re s e a rc h
Significance of Project Portfolio Management in
change management
• Enabling change and eliminating the
obstacles of growth and development.
• Providing sufficient support for
practical measures (Lieder, Asif &
Rashid, 2017).
• Producing additional benefits and
values to the customers and clients.

TREY
re s e a rc h
6
• Providing cohesion for the
operating models.
• Supporting the success in the
ever evolving and multi
layered business environment
(Fernandez & Rainey, 2017).