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Successful introduction of Project Portfolio Management

Tags: Portfolio Management, Processes, Project Management, Risk, Strategy

Summary

After failed introduction of Project Portfolio Management (PPM) governance and methodology we were recommended as the consultancy to get traction on this. We successfully introduced PPM by shaping best practice to suit the culture and level of PPM maturity in the organisation.

What We Did

Our client had previously attempted to introduce Project Portfolio Management (PPM) governance and Project Management methodology. Though the processes were all documented on paper no one in the business actively used them. We identified the blockers to this and defined an Integrated Change Framework composed of 4 building blocks:

We then defined a plan composed of what needed to be done Immediately, in the Mid-term, and for the Long-term. As part of this we identified key skills and temporary resources required by the business which we assisted in placing.

How We Did It

Having first understood the blockers and the culture of our client, we applied our Strategic Portfolio Management © – The SOFT SPORT© Principles to define a practical way of operating Project Portfolio Management (PPM) governance and Project Management methodology that suited the business culture, the diversity of projects, and the level of exposure to such methods. Having canvased all key stakeholders, the Integrated Change Framework met their needs.

The Outcome

The Integrated Change Framework developed was well suited to the business culture and the diversity of projects. A year on our Client has a function Project Portfolio Management (PPM) governance and Project Management methodology and building their self-sufficiency in managing it

 

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