Review KPIs on a periodic, predetermined basis to constantly improve on processes. Portfolio Periodic Review and Reporting: Collect and analyze key performance indicators (KPIs). During these phases, PPM teams review the processes and modify them as needed. The Monitoring Group (Phases 8-9): These phases involve the reporting and review of the project. Allocate all needed resources for the project. Portfolio Balancing: Order valuable components to create a cohesive and sensible business plan.Īuthorization: Communicate decisions and gain approval on time, budget, and timelines. Prioritization: Rank each component based on strategic categories (i.e. Selection: Select the most valuable components from the previous phase and create a list. The evaluation is data-driven, but can be derived from both qualitative and quantitative variables. Identification: List all components managed with PPM, both ongoing and new.Ĭategorization: Group components into their appropriate business groups.Įvaluation: Collect data for each component to define value. The Aligning Processes Group (Phases 1-7): This group of phases revolves around the preparation work before a project is approved or execution is started. These groups and their coordinating phases include: The Project Management Institute (PMI) identifies 10 essential phases of project portfolio management, and these phases can be further divided into three categories, called groups. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.
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