1. Align your projects with business goals. Make a list of all projects in your pipeline as well as potential projects that could be added. Categorize them by gathering key project information and determining where they are in their lifecycle. Identify your strategy objectives and goals and clarify which projects are contributing to them, and how.
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The Project Management Institute (PMI) defines three phases to the portfolio lifecycle or process: plan, authorize, and monitor and control. PMI further classifies these three phases into two groups: the aligning process group and the monitoring and controlling process group. Here is a high-level look at each group.
Project Portfolio Management (PPM) is a business tool used to effectively manage a number of portfolios or projects towards an overall objective. Each individual project is created in order to achieve a specific business objective or advantage. They should all benefit the overall project portfolio.
The Federal Acquisition Institute (FAI) has instituted a certification program for project managers. The Federal Acquisition Certification (FAC) for Program and Project Managers (P/PM) is used to establish criteria for project managers to become certified at three different levels. These levels are Level 1, Entry Level; Level 2, Journeymen Level; and Level 3, Senior Level. This paper describes
The 5-step project portfolio management process. With project portfolio management tools projected to be a $3.2 billion market in 2021, it's clear that many agile teams are implementing PPM in their organizations. Regardless of what PPM tool you use, these five steps are key to successful centralized management.
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