Multiproject and portfolio management tools and techniques implementation
When an organization starts to look at its initiatives as projects, and understands the dependency of its strategic success from projects and programs, it usually demands that is projects be managed systematically and coherently. Thus project management guidelines often appear. Then the leaders understand that even a small number of well defined projects being carried out at a time leads to projects' interaction via demands for the same scarce resources of all kinds, and goals interdependencies. This is usually when the demand for a special set of tools, integrating multiple projects into portfolios, arises.
When managing multiple projects, there is always a necessity to prevent contradiction and duplicating of various project goals and sub-goals, to prioritize projects, to provide leveling and allocation of common resources, including portfolio management reserves, and to be able to control the whole situation by well defined repeatable reporting and control procedures.
To solve these problems a wide range of multiproject and portfolio management tools can be applied, providing for project goals integration, key resources management, leveling and relocation of project resources and projects' priorities management. Such instruments comprise defined multiproject management processes integrated into corporate project management methodology and supported by appropriate information system.
Introduction of such a management system if done properly can lead to significant winnings in the market gained by increased speed and integrity of a company's development projects as well as reduced costs.
Contact us to learn more about the approach and methods p.m.Office employs to make PM portfolio and project management processes implementation a success in your company.