Want to ensure quality? Think project portfolio management
One of the most discussed management topics during 2002 was project portfolio management (PPM). But despite the numerous articles and conferences that generated much industry attention, many project professionals and project-oriented organizations do not clearly understand the significance of practicing PPM. This article discusses some of the benefits derived from implementing PPM. In doing so, it explains the connection between practicing PPM and achieving project quality; it describes three essential steps for practicing PPM, steps that can help reduce the conflicts, confusion, and stress which usually results from implementing projects, steps that can help organizations understand the basics of PPM's purpose, concerns, and value.