Project Portfolio Management
Project Portfolio Management consultancy services are vital for high impact, time sensitive projects—those most critical to your organization’s success.
Project Management Practices Influence More than Individual Projects—They Affect The Overall health Of A Company’s Project Portfolio And The Ability To Advance Its Overall Strategy.
Unisol Informatics Project Portfolio Management services can help you develop and improve your project management and project portfolio management (PPM) framework, allowing you to prioritize and execute strategic projects that will deliver tangible, sustainable benefits.
Our approach to PPM is to understand your culture and right-size practices to fit your organizational needs, aligning our recommended structure, tools, and processes with your goals and resources. Unisols Team can help you lead your organization in establishing or enhancing an effective Project Management Office (PMO) and build your project, program, and portfolio management capabilities. If time is of the essence, our Collaborative PMO (cPMO) will rapidly install a world-class team to begin adding value on Day One.
THE MAGIC 7 PROJECT PORTFOLIO MANAGEMENT PROCESS STEPS
STEPS : #1 – COMMITMENT FROM THE EXECUTIVES
Unisol Informatics help organizations to strategize Portfolios so that they get support and commitment on all sides of the party, especially the senior executives. This plan helps them to understand by resorting to project portfolio management the company experiences more competitive advantage in the market. We just don’t provide vague benefits to them; but be specific and if needed, demonstrate, how the PPM can add value in the growth of company as whole.
STEPS : #2 – PROJECT MANAGEMENT EDUCATION
We help organizations to be able to see the clear picture of what project portfolio management is all about, not just only the surface, but with the processes as well that include scoping, assessing, and utilizing.
STEPS : #3 – CAPACITY BUILDERS
We help organizations to focus their attention on their capacity and capability in the portfolio pipeline
STEPS : #4 – HAVE A PROJECT SCORE MODEL
We help in building a project scoring model that is helpful when selecting and evaluating future projects. This will help the organization executives consider variables that they deem the strategic objectives.
STEPS : #5 – BALANCE IS KEY
The next point we bring up in our project portfolio management process steps is Balance.
Balance is not a function—it’s both a principle and a discipline. And in the project portfolio management world, it plays a big role in identifying and evaluating projects that have potential value. The departments within the organization often lack projects and sometimes, in this case, they are overwhelmed with an excessive number of projects which not fully help to satisfy the organization’s strategic goals. The balance in this situation is absent.
STEPS : #6 – PINPOINT STRATEGIC ALIGNMENT
We help set up tools and processes so that all existing projects align the company’s business objective, as well as their implementation.
STEPS : #7– PROVIDE PROJECT SCORES
The Portfolio Steering Committee is set up which assigns project scores and uses it to both identify and determine project proposal scales and cut-off based on resource and time constraints. Careful resources estimations are done to be able to determine how many projects can fit in. Not all projects must join in since resources are limited and are usually reserved for projects that show value.
PROJECT RESOURCE MANAGEMENT
- Building a project staffing plan.
- Allocating resources to project tasks according to an employee’s skillset, planning multi-project resource allocation if needed.
- Staffing micro-teams to achieve project milestones.
- Elaborating on an optimal communication process scheme
