Trends Report

The PPM Implementation Road Map

How To Avoid Common Pitfalls That Can Stymie Your Progress

June 21st, 2010
Margo Visitacion, Vice President, Principal Analyst
Margo Visitacion Vice President, Principal Analyst
With contributors:
Chip Gliedman , Adam Knoll

Summary

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.

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