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Project Portfolio Management

The Project Portfolio Management (PPM) is supporting, following and controlling a collection of important investment projects all related in someway: by business line, organizational unit, part of a large program or institutional.

The Project Management Office (PMO) is the internal structure usually in charge of PPM with the following main objectives:

 

Strategic - Better align projects to company long term strategy.

Tactical - Launch the right projects at the right moment for the organization. Ability to launch projects to answer tactical business requirements.

Economical - Increase synergy between projects. Reduce risks and delays. Increase ROI, Resource Management and Value creation.

Organizational - Better communication between projects stakeholders.

 

1

What is Project Portfolio Management (PPM)?
Project Portfolio Management (PPM) is the term used to describe methods for analyzing and managing a group of current or proposed projects.

2

What is Project Management Office (PMO)?
Project Management Office (PMO) is the department that defines and maintains the standards of process related to project management, within the organization. This department is usually in charge of PPM.

Project Methodologies

Project methodologies are the “how to” plan, execute, control and close individual projects and programs. This tool kit needs to be compliant and integrated with the corporate framework of policies and other related processes such as HR and accounting to ensure a corporate fit. Many project methodologies exist, aboneo-consulting is specialized in two of the most popular: PMI (Standard) and SCRUM (Agile).

PMI

PMI's standards for project, program and portfolio management are widely recognized standards - and increasingly the model for project management in business and government.
Basically, PMI methodology is a mix of Knowledge Areas and Processes need to cover the life of a project from idea to closure.

Process Groups Knowledge Areas

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SCRUM

Scrum is an agile methodology and a simple framework for effective team collaboration on complex projects. Scrum provides a small set of rules that create enough structure for teams to be able to focus their innovation on solving what might otherwise be an insurmountable challenge.

The fundamental process is simple, and at its core is governed by 3 primary roles.

Product Owners
determine what needs to be built in the next 30 days or less.

Development Teams
build what is needed in 30 days (or less), and then demonstrate what they have built. Based on this demonstration, the Product Owner determines what to build next.

Scrum Masters
ensure this process happens as smoothly as possible, and continually help improve the process, the team and the product being created.

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