Project Portfolio Management – supporting and enabling changes in business
The possibilities of project portfolio management are really concrete to many organisations. The issue here is not only the strategic perspective. We're talking about the whole organisation and its ability to produce better than normal service for its customers. Above all, this must be achieved by developing the organisation's overall architecture from business perspective.
We must develop services which save the customer's time. We must produce services which are easy and which will bring benefits to the customer's client. Reaching this stage requires significant changes: changes which start from the current situation and from setting the target stage. Action plans must be connected to the overall architecture and the project of each portfolio must be concretely directed at a strategic policy and solution.
Stay ahead of your competitor
Offer better service to your customers by developing the organisation from business perspective. Use the project portfolio for this work and make it the whole organisation's business. Make sure that you stay ahead of your competitors – otherwise it could be too late!
You will avoid the following typical problems when managing projects and changes:
1. Nearly 70% of organisations don't have experienced project managers appointed for ICT projects
2. The essential factor for a successful project is the requirement specification from business perspective
3. It is estimated that only 35% of organisations monitor the success of IT projects
4. Only about a half of IT projects remain on schedule and within budget
5. Nearly one third of development work is still made without a project plan or a project appointed to the task
6. In future IT project work will be networked further and the significance of networking will be highlighted
7. It is not enough to be successful in only individual projects
8. More than 30% of projects end informally and without anyone noticing!
9. Less than 9% of organisations constantly reach the targeted benefits