Executive Summary (This is a document excerpt)

In today's world, organizations must balance the demands that a tight economy and low risk tolerance drive without missing opportunities to advance business. Understanding the real status of projects and portfolios is critical to enabling success. And while there's no lack of information on projects and portfolios, many project organizations continue to struggle to capture the most important information, communicate true status, and facilitate day-to-day communications. Project portfolio management (PPM) processes and tools are mature and accessible, yet organizations are still reluctant to invest in them, believing them to be too expensive or too difficult or perceiving their organizations as too immature to reap the benefits. Project management offices see the payback of PPM but struggle to convince IT management to overcome concerns and invest. To succeed, organizations predicting that PPM can solve many of their project and portfolio visibility problems should look beyond short-term pains and focus on long-term gains.

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