Successful PPM Implementations Require Commitment

Product portfolio management (PPM) implementations are not for the faint of heart — the changes an organization incurs by introducing new processes and tools can easily go awry if it doesn't fully commit to the implementation. Although firms have become more mature in their approach to PPM, they are reluctant to invest in PPM tools. PPM tools can bring great value to an organization in a relatively short period of time; however, to reap the real benefits, companies must avoid taking a band-aid approach to implementation. Consolidating project and resource tracking and standardizing planning and delivery practices brings value within the first year of implementation, but optimization takes a three- to five-year road map. This document examines what to focus on first and how to make the right start while building out your PPM maturity.