Next-Generation Portfolio Management report at Forrester
Strategic Planning is a continual, holistic practice
PPM is a perpetual planning exercise with both strategic and operational projects. PPM is the communication and decision-making tool that keeps organizations focused on strategy and able to allocate resources to high-value activities.
Forget about annual plans and budgets
Lean PPM practices enable companies to focus on total investments that bring greater value over time; to align work with activities most critical to business value; and evaluate demand based on business value.
Align portfolios on value they bring to the business
To make the right funding decisions (make or buy), companies are changing their mindset by aligning portfolios with corporate strategy, breaking demand into smaller chunks, and measuring value delivered in shorter, more frequent iterations.
PPM helps completing more efforts while freeing resources for innovation
Portfolios mix Agile and traditional approaches. An integrated approach is required to effectively balance needs and resources in a timely manner.