Project Portfolio Management
Strategically Align Your Spend!
Definitive’s PPM methodology incorporates and integrates a set of processes to provide a holistic lifecycle solution for selecting, controlling, and evaluating project requests.
The Definitive PPM Methodology
Definitive’s implementation of PPM begins with a capability assessment to identify the priorities for the enterprise and the development of a time-phased capability roadmap.
Decision Management – Improved investment decisions through the use of a decision model (i.e., scoring model). The model consists of a set of unique, linked, and weighted strategic objectives and measures.
Budget Formulation – A process to assign resources to mission priorities, identify the intended execution of those priorities, and request budget appropriation/approval based on those priorities.
Program Management – A program is a group of related projects managed in a coordinated manner to obtain benefits not available from managing them individually. Program management is the application of knowledge, skills, tools and techniques to meet program requirements.
Project Management – The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Pipeline Management – Periodic portfolio, program, and project reviews to improve prioritization, maintain strategic alignment, and reassess the business cases as more and better information becomes available.
Budget Execution – A process to carry out the programs for which funds were appropriated/approved. Administering offices, operating budget and sub-allocation holders, and fund administrators execute the budget through the signing of contracts, projects orders, work requests, and other funding documents.
Benefit Realization – A process of supporting change in the organization and its consequences as incurred by project management mechanisms to realize predefined project benefits.