coverleanbmp

Project
 Portfolio
 Management
 is
 often
 thought
 of
 as 
simply 
the 
discipline 
of 
listing, categorizing,
 prioritizing, 
and
 tracking
 the
 high 
level 
progress 
on 
a 
portfolio 
of 
projects 
or 
objectives. 

However, 
as 
industry 
competition 
increases, 
employee 
productivity 
within
 these 
initiatives 
becomes 
increasingly 
essential 
to 
the 
success 
of 
any 
business. 

Keeping 
ahead
 of 
the 
pack 
means 
being 
keenly 
aware 
of 
how
 productive 
your 
employees 
are 
both 
within 
projects 
and 
outside 
of 
them.
 Business process managers 
need
 to 
have 
visibility 
into 
how
 they
 can 
more effectively 
manage 
their 
team’s 
workflow.

Unproductive
 Employees
 Can
 Undermine 
Success

No 
matter
 your
 company’s
 size,
 it
 is 
often 
one 
of 
the 
biggest 
challenges 
to 
manage productivity 
and 
performance,
 or to
 track
 employee 
progress.

When 
employees 
are 
either 
working 
on 
the 
wrong 
priorities 
or 
simply 
not 
working
 optimally 
or 
effectively 
as 
a 
team:

  • Projects
 take 
longer 
because 
deadlines 
are 
missed;
  • Workflow 
issues 
such 
as 
lack 
of 
timely 
and 
clear 
delegation
 or
 a 
lack
of clarity
 in 
what 
each 
employee 
is 
responsible 
for 
can 
mean 
work 
can 
fall through 
the 
cracks;
  • Some
 employees 
may 
be 
overworked 
while 
others 
are 
underutilized;
  • Overall
 business productivity 
and
 profitability 
is 
less 
than
 it 
should 
be 
or 
could be.
There
 are 
many 
tools 
that 
can 
aid 
in 
resolving 
these 
issues, 
but 
perhaps 
the 
most 
effective 
is 
the 
a 
combination 
of 
effective 
workflow 
design 
and 
execution 
and
 the big
 picture 
benefits 
of 
a 
well‐managed 
project 
portfolio 
management 
system.

Why Project Portfolio Management?

Project 
Portfolio 
Management
 (PPM) 
is 
a 
set 
of 
practices 
and 
processes 
that 
companies
 use
 to
 prioritize 
projects. 
It 
establishes
 and 
defines 
the 
methods 
used 
for 
approving 
and allocating
 resources 
to, 
then
 tracking 
and 
managing 
projects 
throughout
 their 
full 
lifecycle. 
What 
can 
make 
PPM
 difficult 
for 
some 
organizations 
to 
embrace
 is 
the 
fact 
that 
there’s
 no 
one 
right 
way
 to 
implement 
it.

Download Now - Project Portfolio Management

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