ABSTRACT
This chapter details how to establish and function in a Project Portfolio Management (PPM) infrastructure, which enables and guides investing in the Right Projects, providing those projects with the right resources, and ensuring that the projects are launched and completed for the right reasons and within the right timeframe. PPM is a process that focuses on ongoing programs/projects to validate and update the priorities and resources across the portfolio. Programs/projects are reviewed to confirm their continued alignment with Objectives, and their priority is adjusted depending on their performance. Project portfolio review gates are to be established according to a convenient frequency, depending on the organization. The chapter shows how an effective associated Project Management Office (PMO) must be instituted to provide holistic support to the organization for effective and successful project performance. The PMO provides services to a wide audience and will interface directly or indirectly with executive management by enhancing the achievement of Business Goals and Strategic Intents.
