Type of Processes 5. Optimizing Continuous process improvement is enabled by quantitative feedback from the process and from piloting innovative ideas and technologies. Managed Detailed measures of the software process and product quality are collected.
It provides a framework for issue resolution and risk mitigation, as well as the centralized visibility to help planning and scheduling teams to identify the fastest, cheapest, or most suitable approach to deliver projects and programs.
Portfolio Managers define Key Performance Indicators and the strategy for their portfolio . Pipeline Management[ edit ] Pipeline management involves steps to ensure that an adequate number of project proposals are generated and evaluated to determine whether and how a set of projects in the portfolio can be executed with finite development resources in a specified time.
There are three major sub-components to pipeline management: Fundamental to pipeline management is the ability to align the decision-making process for estimating and selecting new capital investment projects with the strategic plan. These can include financial resources, inventory, human resources, technical skills, production, and design.
Change Control [ edit ] The capture and prioritization of change requests that can include new requirements, features, functions, operational constraints, regulatory demands, and technical enhancements.
PPM provides a central repository for these change requests and the ability to match available resources to evolving demand within the financial and operational constraints of individual projects.
Financial Management[ edit ] With PPM, the Office of Finance can improve their accuracy for estimating and managing the financial resources of a project or group of projects.
In addition, the value of projects can be demonstrated in relation to the strategic objectives and priorities of the organization through financial controls and to assess progress through earned value and other project financial techniques.
Risk Management [ edit ] An analysis of the risk sensitivities residing within each project, as the basis for determining confidence levels across the portfolio.
The integration of cost and schedule risk management with techniques for determining contingency and risk response plans, enable organizations to gain an objective view of project uncertainties. Another more senior audience had emerged, sitting at management and executive levels above detailed work execution and schedule management, who required a greater focus on process improvement and ensuring the viability of the portfolio in line with overall strategic objectives.
Enterprise Project Portfolio Management[ edit ] Enterprise Project Portfolio Management EPPM is the practice of taking a top-down approach to managing all project-intensive work and resources across the enterprise.
This contrasts with the traditional approach of combining manual processes, desktop project tools, and PPM applications for each project portfolio environment.
Business Drivers for EPPM[ edit ] The PPM landscape is evolving rapidly as a result of the growing preference for managing multiple capital investment initiatives from a single, enterprise-wide system. The project portfolio roadmap details the links of the planned components, their contribution to the strategic goals of organization.
The key aims of EPPM can be summarized as follows: Prioritize the right projects and programs: EPPM can guide decision-makers to strategically prioritize, plan, and control enterprise portfolios. It also ensures the organization continues to increase productivity and on-time delivery - adding value, strengthening performance, and improving results.
Build contingencies into the overall portfolio: Do more with less: For organizations to systematically review project management processes while cutting out inefficiencies and automating those workflows and to ensure a consistent approach to all projects, programs, and portfolios while reducing costs.
Ensure informed decisions and governance: Extend best practice enterprise-wide: Understand future resource needs: EPPM software also allows an organization to establish complete project capacity.
Project Portfolio Optimization[ edit ] An example of defining funding priority by the chart: A key result of PPM is to decide which projects to fund in an optimal manner. Project Portfolio Optimization PPO is the effort to make the best decisions possible under these conditions.Attention A T users.
To access the combo box on this page please perform the following steps. 1. Press the alt key and then the down arrow. When we think of project management, we generally think about either software project managers or PMI certified folks who manage communication streams.
Montrose’s evaluation of UNICEF’s Township Education Improvement Plan (TEIP) activities in Myanmar has received international recognition for its high quality, being ranked amongst the top 5 evaluations for by the UNICEF Global Evaluation Reports Oversight System (GEROS).
Learn about project management with this book containing 21 pieces of valuable advice for making your projects a success. Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing.
Powerful ERP Solutions through Project Accounting, Financial Management, and Manufacturing Software. Your projects, financials, government compliance, and manufacturing are made easier through our expert implementation of ERP software–project accounting, financial management, and/or manufacturing solutions–in the cloud or on-premise.