Project Portfolio Management
Our project portfolio management (PPM) page showcases how Definitive Pro® helps organizations strategically manage and optimize their entire portfolio of projects. By aligning projects with strategic goals, prioritizing resources, and analyzing trade-offs, Definitive Pro® ensures that every project delivers maximum value and drives organizational success.
Strategically Align Your Spend!
Definitive’s PPM methodology incorporates and integrates a set of processes to provide a holistic lifecycle solution for selecting, controlling, and evaluating project requests.
The Definitive PPM Methodology
Definitive’s implementation of PPM begins with a capability assessment to identify the priorities for the enterprise and the development of a time-phased capability roadmap.
Decision Management – Improved investment decisions through the use of a decision model (i.e., scoring model). The model consists of a set of unique, linked, and weighted strategic objectives and measures.
Budget Formulation – A process to assign resources to mission priorities, identify the intended execution of those priorities, and request budget appropriation/approval based on those priorities.
Program Management – A program is a group of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. Program management is the application of knowledge, skills, tools and techniques to meet program requirements.
Project Management – The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Pipeline Management – Periodic portfolio, program, and project reviews to improve prioritization, maintain strategic alignment, and reassess the business cases as more and better information becomes available.
Budget Execution – A process to carry out the programs for which funds were appropriated/approved. Administering offices, operating budget and sub-allocation holders, and fund administrators execute the budget through the signing of contracts, projects orders, work requests, and other funding documents.
Benefit Realization – A process of supporting change in the organization and its consequences as incurred by project management mechanisms to realize predefined project benefits.
What is Project Portfolio Management (PPM)?
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s strategic, operational and financial priorities, while honoring constraints imposed by customers or external factors.
