Running PPM Smoothly
Portfolio project management, when introduced, often means change in teams, positions, tasks, and processes. With any change comes the possibility of personnel having to overcome the obstacles to change. If PPM will be utilized in your company, consider it a huge change and practice change management skills to help staff embrace the change.
Project managers who are used to going it alone may find it hard to work as a group in the case statement, evaluation, and facilitator process. They may also find it hard to work with non-familiar teams who are performing certain tasks unilaterally.
Finally, finding good database portfolio software may be key in helping your PPM flow smoothly. Keep in mind that more than one software may be needed so keep your IT department involved as far as needs, wants, and desired outcomes.
The portfolio project management process, when practiced correctly, will reveal better-managed projects, in-line costs, effective budgeting skills, and profit revelations. Bringing your projects under one umbrella so to speak is the desired effect behind portfolio management.