The Project Management Institute (PMI) is a global nonprofit professional organization for project management. They wrote the book on project management. Literally. It's called the Project Management Body of Knowledge, and it has become the standard by which PMP (Project Management Professional) certification through PMI is obtained.
Nov 18, 2019 1:25:13 PM
Mar 31, 2017 1:12:31 PM
There are a number of technology solutions designed to help companies accelerate improvement initiatives and support business process improvement disciplines such as Lean and Six Sigma. It isn’t surprising that software buyers can become confused or overwhelmed by all of the choices.
When it comes to project portfolio management (PPM) and continuous improvement software, we find that often buyers are unsure about whether - and how - they differ. It’s common for people to wonder if they must choose one or the other - or if both can work together.
Let’s have a closer look.
What is Project Portfolio Management Software?
PPM software is designed to support the process of selecting large-scale projects and managing the organization’s entire portfolio of projects as a whole. It is used to help project managers analyze and manage large-scale projects.
It also provides visibility that enables leaders to evaluate and prioritize projects and control related investments. Decisions to add or subtract projects from the portfolio are based on the value of the entire field of projects. The goal is to arrive at the best mix and order of projects to meet the company’s financial and operational goals.
Project portfolio management software often emphasizes the process of selecting which projects to undertake and how to fund them, rather than on how to actually run the projects. Notably, it’s used by people who are project management experts, rather than by the average employee.