Project Portfolio Management
Getting the “TRUE” big picture view of project activity.
Project Portfolio Management Policies and Procedures EES will develop detailed project portfolio management procedures that will enforce the adoption of the organization’s project life cycle and adhere to the required governance stage gates. EES procedures can cover all portfolio project management processes or can be specific to selected processes Project Management Services such enterprise risk management, project risk management, project controls, earned value, cost estimating and management, among others.
The standard operating procedures will be developed in accordance with internationally recognized standards such as PMI® Project Management Body of Knowledge (PMBOK® Guide), Program Management Standard and Portfolio Management Standard, PRINCE2®, ISO 21500 and ANSI 748-A Standard. Our unique experience of project management information technology can be used to automate the implementation of these processes along with the required deliverables.
EES will conduct assessment to advise your organization whether your project management processes are standardized and repeatable and whether you are working as per the internationally recognized standards of Project, Program and Portfolio Management. Through this assessment EES will dissect and analyze the strengths and weaknesses of your organization. This will enable your organization to develop policies, standards, methodologies and guidelines, based on the results of the assessment that will capitalize and preserve strengths and capabilities, while seeking to implement missing best practices.
Project Portfolio Management Assessment
EES will assess your current project portfolio management processes and, in collaboration with you, identifies the appropriate level of PPM discipline for your organization. We will then apply our ‘best-in-class’ Project Portfolio Management Maturity Model to determine your current PPM capability and identify process gaps between your organization’s current state and desired future state. We will then provide you the roadmap for improvements and work with you to develop the implementation plan.
Portfolio Process Improvement
Results from the assessment are used to define an approach to improve your organization’s ongoing portfolio management practices. EES partners with you on the development and delivery of the recommended approach and improvement plan for taking the next steps in optimizing your PPM practices that yields better alignment with your business objectives.
We help you integrate your PM and PPM processes to enable you to select the best project portfolio aligned to your strategic plan. Forecasting and optimizing the use of available resources is an integral part of PPM. Monitoring project and portfolio performance ensures investment decisions remain the best choices in your changing world. Portfolios are continually evaluated. Prioritization is an iterative process and your portfolio must be reprioritized as business conditions, resources, and budgets change.
Portfolio Reporting & Analysis
Without a well-defined information gathering and analysis structure for project portfolio reporting, the execution of PPM will produce disappointing results. EES will work with you to customize and implement our five-level portfolio reporting model. We establish value and performance measures at the project, program, and portfolio levels, and then create analysis mechanisms to provide outcome visibility at the department and corporate levels. Analysis includes productivity, resource management, customer satisfaction, financial evaluations, macro-categorization comparisons, ROI, and more; all customized to assist you in managing the demands of your unique business. Plan your success, measure it, and manage it.
Portfolio Improvement Execution
EES provides you with guidance and implementation support to quickly deploy the PPM improvement recommendations. Activities typically include:
- Establishment or refinement of portfolio governance policies
- Alignment of portfolio decisions to strategic business goals
- Portfolio and program prioritization and selection facilitation
- Portfolio Review Board session facilitation
- Portfolio and project communication management
- Optimized resource planning including “what if” scenarios
- Portfolio performance management
- PPM software tool selection and process implementation
- PPM workshops, training, and mentoring for executives, management, and staff
- PPM adoption and change management