What is Project Portfolio Management?

Project Portfolio Management (PPM) involves selecting, prioritizing, and managing projects to align with organizational goals and maximize value. It ensures resources are invested in the most strategic initiatives while managing risks and optimizing resource allocation.

PPM is a dynamic process of continually reviewing and updating active and future projects.

Components of Project Portfolio Management

• Strategic Alignment: Projects should support overall organizational goals.
• Resource Allocation: Efficiently allocate time, money, and resources across projects.
• Governance: Establish clear processes for evaluating and prioritizing projects.
• Risk Management: Identify and address risks to prevent business impact.
• Performance Monitoring: Continuously track and adjust project progress.

Read the full article...

?

My name is Kevin Clay, and I am a Lean Six Sigma Nerd , Mentor, Speaker , Author, and President of Six Sigma Development Solutions, Inc.. I am a Master Black Belt with over 25 years experience, and I'm going to share everything I know with you!

Let's connect on LinkedIn!

https://rb.gy/gtalc8

Don't Miss These Discounts!

Check out our new Online (Self-Paced) Lean Six Sigma Green Belt Course! Regular Price is $998.00 USD. Use the Discount Code "SSDSI_NL_OC_10%D" to get 10% off our regular price!

The coupon code also works for:

• Online Lean Six Sigma Black Belt,
• Online Lean Six Sigma Yellow Belt, and
• Online FAST-Track to a Lean Six Sigma Black Belt