Having established the portfolio of projects with a robust annual portfolio planning effort, how do executives make sure they spend their time wisely and effectively, only on projects that need their focus? In many organizations, executives find themselves pulled into projects on a daily basis and end up spending a lot of time on basic issues and decisions that really should have or could have been resolved without them.
This is the third installment in our series on Project and Portfolio Management.
As organizations invest increasingly more money & resources into projects, making sure that you have the right projects, managed efficiently, reviewed regularly, and delivering what they promise is the essence of good Portfolio Planning & Management (PPM). Here are some of the key features of a robust and effective PPM process.