PPM, or Project Portfolio Management, is important as it helps the business align its projects with its overall strategic objectives. It involves selecting and managing a portfolio of projects in a coordinated way, ensuring that resources are optimally allocated and that the projects contribute to the overall goals and success of the business. Project management typically involves managing temporary or unique endeavors focused on a specific product or service. Program management entails a coordinated approach to managing related projects in a manner that aligns their connected objectives. Portfolio management takes a group of projects and/or programs and manages these collectively as Project portfolio management (PPM) is the centralization of your company’s business processes. It is done to analyze the current projects, and categorize and group them into portfolios. This analysis is based on numerous key characteristics. It aims to meet the business’s strategic objectives and goals. The process involves setting The Enterprise Project Management Office is an enterprise-level project management office. EPMOs are often set up in companies with an international reach that manage projects on a larger scale. The EPMO supervises and supports the PMO network and ensures that each department follows the same standards. What is PPM? Now, the term “ppm” is the number of defective units per million. So the number of defective units in one million produced can also write as the fraction defective ‘p * 1’ million. Now, you hear ppm typically used in scientific fields like chemistry, as a way of quantifying very small volumes, but you also hear it quite Pros. Increased Project Success Rate: Standardized practices lead to better prediction of project output over time and a better chance for success. Cons. Time: Time is a valuable resource. Development and implementation of PPM processes use time, which may otherwise be needed or spent elsewhere. Pros. Project Portfolio Management Implementation Documentation. Oracle Project Portfolio Management Cloud is a complete and integrated solution which dramatically improves the way project-driven organizations work, enabling efficient and effective project management while ensuring smarter business decisions based on a single source of project truth. The Government Functional Project Delivery Standard. The Government Functional Project Delivery Standard sets out expectations for the direction and management of all government portfolios gkv0QOw.