PROJECT VS PORTFOLIO MANAGEMENT MATURITY LEVELS.

PROJECT VS PORTFOLIO
MANAGEMENT MATURITY
LEVELS

Introduction: Organization Background
 HCL: IT Service Provider in Australia
 Strategic supplier for software
development
 Offices in Sydney, Brisbane, Canberra,
Melbourne, and Perth
 Good brand presence
 Portfolio Management – Ability to
manage the objectives
 Use of key performance indicators

Project Management
 Discipline for managing and organizing
the projects
 Different stages of project management
 Initiation
 Planning
 Execution
 Control
 Closure

Project Portfolio Management (PPM)
 Analysis of potential return from the project
 Management of project performance
 Ability to see the big picture
 Five Levels in maturity framework
 Process awareness
 Repeatable process
 Defined process
 Managed process
 Optimized process

Maturity Levels

Project Management Level
 Managed processes – Level 4
 Use of agile methodology for project
management
 Ad-hoc management of the projects
 Alignment of project deliverables, cost,
time, and effort
 Overall enhancement of project quality

PPM Maturity Level
 Level 3: Defined processes
 Incorporation of sustainability as the
criteria in the evaluation model
 Leveraging new business opportunities
 Better performance of the existing
projects
 Adequate selection and prioritization of
the new projects

Enhancement of Maturity Levels
 The organization shall aspire to achieve
level 5
 Benefits of level 5
 Integration of all the project areas
 Better benefit realization
 Increased revenues and profits
 Streamlined execution
 Improvement of the overall quality

Conclusion
 Project management and Project
portfolio management are two necessary
disciplines
 Project management at level 4
 PPM at level 4
 Improvement of the existing maturity
levels

References
 Coesmans, P., Fuster, M., & Schreiner, J. G. (2018).
Individual Competence Baseline for Project,
Programme and Portfolio Management. IPMA.
 Cognizant. (2017). Importance of Project Portfolio
Management (PPM) – Approach and Benefits
Realization for the Information Services and
Products Industry. Cognizant.
 Gasik, S. (2007). The unified portfolio management
model. PMI.
 HCL. (2014). HCL Technologies receives Best
Governed Company Award by Asian Centre for
Corporate Governance & Sustainability. HCL.