Recent research identified five success factors for PPM effectiveness

Recent research identified five factors for PPM effectiveness: can be used in any organisation to increase success.

From Robert J Toogood, Senior Partner – Chaordic Solutions:

Recent research from project management researcher-practitioners at Pennsylvania State University and the Stevens Institute of Technology … Dr Peerasit Patanakul, Dr Audrey Curtis, and Brian Koppel, MBA PMP, has identified five factors that contribute to Project Portfolio Management (PPM) effectiveness.  These factors are:

1. Formal strategic planning and capital budgeting;

2. Organisational entities responsible for project and portfolio management, and their organisational placement;

3. Frameworks and processes for project portfolio management and information systems support;

4. Organisational culture;

5. Committed, active and competent participants.

These success factors were identified following detailed research conducted inside five different organisations in which they were given unique, privileged access to detailed project documentation and key stakeholders.  This enabled them to create a evidence based definition of project portfolio management effectiveness that can be applied to any organisation.

More … http://www.pmi.org/en/Knowledge-Center/Research-Completed-Research/Effectiveness-in-Project-Portfolio-Management.aspx