The best solutions to make your company's work more efficient!


Posted March 29, 2016 by sergeynoskov1k8

During the project management procedure, most companies often experience several questions and issues, like there isn't any clear link between the strategy and project portfolio

 
During the project management procedure, most companies often experience several questions and issues, like there isn't any clear link between the strategy and project portfolio, there's no standards for introduction in the portfolio, the project interactions aren't supervised, the projects hold or stop completely at various levels of negotiation without any justification, etc. All this results in the truth that investment funds are planned ineffectively, and often aren't spent in the execution of the project portfolio.

To prevent this kind of problem and to guarantee the effective preparing and spending of investment resources must be the primary task of the company management. To resolve this problem, there are utilised special methods and instruments for project portfolio management, or shortly called PPM.

EPMA is one of the leading service in this field and may give your company excellent solutions. Typically, project portfolio management contains:
- Development of the portfolio:
- Production and approval of business plan;
- Ranking and collection of projects in the portfolio;
- Acceptance of projects to the application of the portfolio.
- Checking of the implementation of project portfolio:
- Allocation of resources between projects in the implementation of the portfolio;
- "Freeze" and restart projects;
- Accounting Project linkages and cross-project resolution of conflicts.

Problem Solving in project portfolio management is essential for the company, since it provides linking projects with company strategy and decision to implement the most effective and appropriate projects for the company.

As the technological innovation advances, there's also great IT solutions for PPM. These solutions depend on the Microsoft Project Server software.

Using this tool, you could:
- Describe the corporation's strategy by figuring out the weight of each strategic objective and establishing criteria for its accomplishment;
- Create a portfolio of projects in view of the strategic value and affordability of each project;
- Execute modeling portfolio, adapting for different aspects - for example budget and resource constraints portfolio;

There are many features and options with this type of method and the results are great. You'll have the transparency of the process of formation of a project portfolio, selection of the most efficient parts in the portfolio of projects for the company, linking the project portfolio with the company's development strategy, effective management, plus more. Making use of PPM is a wise decision for your company. For details about Project Training Resource Scheduling check this webpage https://youtu.be/Fvoc-Eh5_Ww
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Issued By sergeynoskov1k8
Website https://youtu.be/Fvoc-Eh5_Ww
Country United States
Categories Advertising
Tags epma
Last Updated March 29, 2016