Let's look briefly at some of the major components and deliverables associated with PPM. To do this effectively, let's consider a high-level process flow (see Figure 8.2). Our example PPM process comprises twelve steps:
Create project proposal
Gate 1: Approve project proposal
Incorporate into budgeting process
End/suspend or replan project proposal
Develop project management plan and business case
Gate 2: Authorize implementation
Analyze portfolio and recommend project priorities
Implement project
Review project
Realize benefits
Close out project
Foundational Tool |
The PPM process itself is usually managed by the PMO (the project, program, or portfolio management office). Inputs from the PMO throughout the process include information on investment, market, technical, and industry trends, as well as process tools, templates, and guides.
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