Project Portolio Management (Ppm)

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Project Portfolio Management (PPM) is a systematic approach to decision making, selection and management of projects based. PPM is the strategic process that determines the level of priority of projects and whether the project will be successful or terminated. PPM is vital to organisations as it identifies and quantifies projects by prioritising the projects based on the highest value in accordance to the organisation’s resource capabilities. PPM is an effective process that enhances an organisation’s competitive edge by evaluating factors such as practices, procedures, organisational structures and human factors. These factors consider the organisation’s team and reporting structure, level of support and commitment and the overall impact to the organisation. The factors are then quantified and prioritised based on these criteria then reviewed to ensure the projects do not exceed the organisation’s resource capabilities. The selection criteria may also include return of investment, risks and the time frame, PPM involves a strategic process that allows the decision makers’ to visualise and monitor the performance of each project by taking into account whether the project is performing or underperforming. PPM is gaining interest due to organisations abilities to respond to challenges confronted by a globalised, information-rich, dynamic and competitive environment. PPM has helped project officers negotiate between stakeholders according the to the organisation’s PPM status. PPM improves organisations understanding about decisions and the consequences prior to accepting projects. This allows organisations to evaluate whether the resource is well utilised and if it isn’t, the PPM prioritisation criteria will determine whether the project is to be avoided or terminated. The maturity model which is a technique used in PPM which focuses on developing

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