Why Read This
Implementing project portfolio management (PPM) is part science, part art. To be successful, companies must remember a few key points — PPM is not a revolving project list but a practice that enables organizations to realize objectives and create opportunities for innovation while controlling cost, risk, and resource capacity management. PPM is not about tools alone; it is part cultural acceptance, part methodology development, and part social collaboration. The greatest challenge to PPM is developing a road map that delivers a clear vision while providing opportunities for feedback and flexibility for adaptation. Forrester has developed a road map for implementing PPM that considers the rigors of demand management, project prioritization, and business technology alignment.