Critical Success Factors in the PPM Process

The factors leading to success in implementing and maintaining effective project portfolio management are many. Defining the key objectives of the PPM exercise comes first in the list. Then you need to identify projects and applications that fit into the objective criteria determined by the overall strategy of the exercise. Doing these things provides a framework for analyzing projects within the context of the overall business objectives. In the first round, focus on just a small portion of the organization's systems. The selected applications may belong to the stream of manufacturing, for example, leaving finance and HR legacy systems for rounds two or three of the PPM exercise. The next step is to take all stakeholders into confidence a....