Project Portfolio Management: A View From The Management Trenches

Chapter 8. The PPM Process

To better understand Project Portfolio Management, let's look at some of the key aspects of the PPM process. First, where does PPM fit with other business processes in a company? Figure 8.1 graphically depicts how PPM relates to a variety of business processes in an organization. The PPM process is located in the center of the graphic only in order to highlight its various key relationships to other business processes. (PPM is not the center of the business universe.)

Foundational Principle PPM works with other business processes and disciplines—it doesn't replace them.

The PPM process provides the forum, discipline, decision criteria, funding, and decision-making authority to effectively manage the portfolio of projects and programs.

Foundational Principle PPM provides the forum, discipline, and decision criteria for effectively managing a portfolio of projects.

Figure 8.1. Project Portfolio Management is one of many interrelated processes that make up the complex unit that we call a business.