Introduction to Project Portfolio Management
Project Portfolio Management (PPM) is an approach used by an organization to analyze the potential return of a set of projects. Its primary aims are to:
• Control the suitability of projects with respect to the strategic objectives of the organization.
• Ensure consistency between the projects and the organization's capability.
This approach examines the risks, the available funds, the probable duration of a project and the expected results. A group of decision-makers assesses the benefits and the priority to be given to each project to determine the best way to invest the capital and the human resources of the organization.
In HOPEX IT Business Management and HOPEX IT Portfolio Management solutions, the HOPEX Project Portfolio Management option offers a set of features to:
• Submit and assess the project demands and candidate projects.
• Validate the candidate projects: the project demand goes through a validation process that results in a project creation.
• Select and define the project priority: a limited list of projects is drawn up according to selection criteria (strategic, financial, etc.)
• Analyze and arbitrate the projects.
• Follow project progress.
For more details on HOPEX interface and features, see HOPEX Desktop.