PPM BLOG: Stay current with the latest ideas and issues in PPM. Read The PPM Today blog by Innotas founder and CTO Demian Entrekin.

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Read Innotas' monthly column in Chief Project Officer, written by Innotas founder and CTO Demian Entrekin.

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Project Portfolio Management is Your Friend

It’s time to embrace Project Portfolio Management (PPM) — if you want to bring realism to your planning processes, rationality to the allocation of human and financial resources, and visibility into the status of work and people. Discover more about how PPM will make a positive difference in your life as a project manager.

Four Steps to Prevent Project Failure

According to AMR Research, successful IT groups manage their projects effectively. Among the best practices for managing these projects is instituting a Business–IT Governance Council, a Program Management Office, and using an IT portfolio management process with IT Project Portfolio Management software. Without such PPM software in place, AMR says, it’s hard to control the tens or even hundreds of projects IT may have underway.

Is Strategic Alignment Still a Priority?

Which comes first—alignment or effectiveness? While the industry continues to debate this, one thing is clear. When IT projects get off–track, past deadline or over budget, IT departments are seen as being ineffective, and that creates a credibility gap with the business. Project Portfolio Management software can be the portal to good governance that creates transparency around corporate objectives, project selection and status, and helps dispel bad impressions.

Application Portfolio Management (APM) and Project Portfolio Management (PPM) Can Work Together to Produce Results

Project Portfolio Management is helping to drive business success, as companies realize the advantages of analyzing both applications and projects through a portfolio lens. A holistic view of both applications and projects, which can be gained using Project Portfolio Management software, can help organizations address gaps, reduce waste, and spur innovation.