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Welcome to Great standard consulting Ltd. With us you will learn how to
do the right things right.
We teach you doing the right things to be sufficient and we teach you
how to work in the right manner to be efficient.
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Project Portfolio Management
Project Portfolio Management (PPM)
Working on the right projects at the right time is critical to sustain
a competitive advantage, yet many companies struggle with allocating
limited resources and assets wisely. Great Standard Consulting Ltd '
project portfolio management (PPM) approach helps you select and manage
an optimal portfolio of projects - one that maximizes your company's
responsiveness, revenues, and adaptability while keeping the projects
aligned with your strategic business goals and objectives.Great
Standard helps structure your PPM practices to provide your company
with a consistent way to select, prioritize, and manage projects that
deliver maximum business value.
What is Portfolio Management (PPM)
Project Portfolio Management (PPM) is a term used by project managers
and project management (PM) organizations to describe methods for
analyzing and collectively managing a group of current or proposed
projects based on numerous key characteristics. The fundamental
objective of PPM is to determine the optimal mix and sequencing of
proposed projects to best achieve the organization's overall goals -
typically expressed in terms of hard economic measures, business
strategy goals, or technical strategy goals - while honoring
constraints imposed by management or external real-world factors.
Typical attributes of projects being analyzed in a PPM process include
each project's total expected cost, consumption of scarce resources
(human or otherwise) expected timeline and schedule of investment,
expected nature, magnitude and timing of benefits to be realized, and
relationship or inter-dependencies with other projects in the
portfolio.
Project Portfolio Management Assessment
Great Standard assesses your current project portfolio management
processes and, in collaboration with you, identifies the appropriate
level of PPM discipline for your organization. We then apply our
industry-standard Project Portfolio Management Maturity Model to
determine your current PPM capability and identify process gaps between
your company’s current state and desired future state.
Portfolio Process Improvement
Results from the assessment are used to define an approach to improve
your company's ongoing portfolio management practices. Great Standard
partners with you on the development and delivery of the recommended
approach and improvement plan, including a cost/benefit analysis for
taking the next steps in optimizing your PPM practices that yields
better alignment with your business objectives.
Portfolio Improvement Execution
Great Standard provides you with guidance and implementation support to
quickly deploy the PPM improvement recommendations. Activities
typically include:
- Establishment or refinement of portfolio governance policies
- Portfolio and program prioritization and selection facilitation
- Portfolio and project communication management
- Portfolio performance management
- Project Portfolio Management software tool selection and implementation
- Facilitation of ongoing workshops and training on portfolio governance and management
- PPM culture change and adoption
- Baselining and ongoing review of your project portfolio
Helping You Manage Your Project Portfolio
When you integrate dynamic project portfolio management (PPM) practices
into your business cycle, you can be assured your company is delivering
projects most essential to strategy execution and corporate
performance.
For more information and how can we work with your company to develop COE in
your company please contact us
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