State of Project Portfolio Management in Practice – Wu
Abstract:
Since project portfolio management emerged gradually since the 1980s, practitioners have experienced significant variations in practice. Research in this arena is comparably sparse and with a widening gap between research and practice. To address this growing concern, PMO Advisory initiated an exploratory empirical study that examines the landscape of project portfolio management practice. This research currently has responses from over 160 project portfolio management professionals from a variety of industries, geographies, organization sizes, and level of portfolios.
The findings, which we will share in this presentation, reveal a complicated and widely diverse practice of project portfolio management (PPM), showing a complex and varied landscape. Based on a ton of responses and data, we will share the selective findings, addressing questions such as 1) Where do portfolios exist in organizations; 2) Are professionals working full-time on portfolio management or do they have other responsibilities; 3) How accountable are portfolio managers to their portfolios; 4) Is there a portfolio life cycle; 5) How many components are there in a portfolio; 6) How are portfolio components funded? 7) What are the top objectives of portfolio managers; 8) Do portfolios have structured management processes? What is the prevailing maturity level of portfolio management?
Dive into the complex world of project portfolio management(PPM) with insights from an empirical study by PMO Advisory. Uncover diverse practices, address key questions about portfolio management, and gain insights into the future development of project portfolio management.
PMI Talent Triangle: Ways of Working
PDUs: 0.75
