As one of the most capital-intensive industries, the construction sector’s need for establishing effective project management cannot be overstated. According to the 2019 KPMG Global Construction Survey of 223 engineering and construction (E&C) industry experts, innovative leaders (the top 20%) are way ahead in governance and controls. Sixty-nine percent of them have integrated their project […]
10 Benefits of Project Portfolio Management
March 13th, 2019
The PMI Pulse of the Profession Report claims that organizations investing in proven project management practices save 28 times more money because a greater number of their strategic initiatives are completed successfully. It is no surprise then that project portfolio management (PPM) has emerged as one of the key functions of a project management office […]
What Is the Portfolio Management Lifecycle?
March 8th, 2019
Many organizations suffer from an inability to differentiate between “good busy” and “bad busy.” Investing time and money on projects that look good on paper doesn’t mean they’ll contribute to the organization’s core objectives. Project Portfolio Management (PPM) is a process that helps companies gain clarity to choose and execute the right projects. What is […]
Project Selection: A Guide to Project Prioritization and Selection
October 2nd, 2018
There is no lack of project ideas in organizations today. Rather, there seems to be a problem of too many ideas, as a long pipeline of proposals wait in queue, competing for attention. Given the large scale and complexity of projects, as well as constraints in resources such as time and budget, the challenge is […]
PPM with a Pulse
May 9th, 2017
Project portfolio management (PPM) is a centralized approach to planning and managing projects, including the practices of capital planning, workforce optimization, project selection, and portfolio analysis. The project management institute says that projects will deliver far more quickly and at lower cost if there are good PPM processes and systems in place. Why is that? […]