The document discusses project portfolio management (PPM). It outlines the core objectives of PPM as maximizing value by selecting projects with the greatest value and allocating resources effectively, achieving balance by ensuring an appropriate mix of projects, and strategic alignment by ensuring projects contribute to the overall business strategy. It identifies challenges to implementation such as lack of strategy understanding, resource conflicts, and organizational politics. It also outlines limitations, roles and responsibilities in PPM, and critical success factors.

1. PRESENTED BY-
ANAND MANIMARAN
17397101
PROJECT PORTFOLIO
MANAGEMENT

2. THE CORE OBJECTIVES OF PROJECT PORTFOLIO
MANAGEMENT (PPM)
• by selecting projects offering the greatest value and effectively
allocating resources to these projects.
Maximization of value
• by ensuring the appropriate mix of projects is selected. For
example, high and low risk projects as well as long term and short-
term projects.
Achieving balance
• ensuring that individual projects contribute to the overall business
strategy.
Strategic alignment

3. Doing
the
Right
things
Align
Doing
Things
Right
Execute
Exploit
what
was
done
Measure
Importance of Alignment

4. Challenges
Implementation
Gap
• Lack of understanding
and consensus on
strategy among top
and Middle level
(Functional )
Management
Resources
conflicts and
Multitasking
• Interdependency
and shared
resources in
multiple projects
that cause –
(start/stop/restart-
Projects)
Organization
Politics
• Selection of
Projects based
on the
Persuasiveness
and Power of
people
advocating the
projects

5. Limitations
• Adds another layer of bureaucracy to organizations
• Difficult to perform in environments marked by
frequent change
• Tendency to rely too heavily on PPM
tools/software for decision making
• Shifting priorities and resources could cause
conflict, confusion and stress
• Not enough quality information is available at the
pre-selection stage

6. Executive Management
• Determine and align with strategy
• Decide evaluation criteria
• Select prioritized projects
• Allocate Funds
Functional Management
• Check resource needs
• Cull projects
• Define monitoring process
• Impact existing projects
• Re-evaluate new projects and cross project dependencies
Project Management and Teams
• Project execution
• Performance reporting
• Project information achieved and used to improve the process

7. PPM CRITICAL SUCCESS FACTORS
Staff
Focus on
Business
benefits
Realization
Prioritizing
and managing
Project
initiatives
Commitm
ent
Consistency in
communication at
all levels
Training
Experienced
Leaders
Simultaneous
communication
at all levels
Linking
Priorities to
current
Business
Goals
Developing
effective
framework for
managing a
PPM Process

8. THANK YOU