Value-Based Portfolio Management: A New Breed of PPM for Utilities
Today, senior managers sitting above the Project Management Office (PMO) are demanding more of their PPM solutions. They want assurance that they are selecting the optimal portfolio of projects to execute which support the organization’s strategic objectives and deliver the greatest overall value to the business.
As a result, a new breed of portfolio management solutions is arising that focuses on:
- Strategic alignment of project portfolios
- Optimization of portfolio value
- Resource planning and management
- Decision making across organizational divisions
Utilities face unique challenges when it comes to selecting which projects to execute. Their physical assets continuously degrade with time and unexpected failures can have profound consequences on society and the environment.
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Gartner, Maximize Value and Avoid Waste by Managing PPM Tool Proliferation in Your Enterprise, Daniel B. Stang, 23 May 2017
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