Summary of Beginner’s Guide to Project Portfolio Management

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Agencies typically run scores of projects concurrently, raising questions about priorities, resource allocation and sequencing: thus, the need for project portfolio management (PPM). Digital project manager Ben Aston, writing for The Digital Project Manager platform, provides a thorough introduction to the rationales, benefits and processes of PPM. Agency owners, program managers and project directors, as well as prospective portfolio project managers, will appreciate Aston’s clear, authoritative overview and useful tips.

In this summary, you will learn

  • How project portfolio management (PPM) can benefit an organization,
  • How PPM differs from project management and
  • Which five steps project portfolio managers employ to optimize a project portfolio.
 

About the Author

Ben Aston is founder of The Digital Project Manager, a platform for project management information.

 

Summary

Project portfolio management (PPM) means centralized management of projects to ensure optimal prioritization, efficient resource use and maximum returns. Project management aims at achieving individual project objectives; PPM views a company’s slate of projects as a whole. Project portfolio managers make up-or-down decisions on individual projects to create a project portfolio, basing their decisions on projects’ strategic fit, risk profiles, time scales, resource needs and interconnections. By determining the risks and potential returns of specific projects within the context of the portfolio, ...


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