Project/Program Portfolio Management (PPPM)
By PH Lohnes, PMP
The components easiest to understand and activate are the period’s implementations. Implementations are usually the physical manifestations that support the accomplishment of the other components. Later in this post, I will use our example to show how each period’s implementations provide a physical foundation for the focus, direction, and training components already discussed.
Implementations can take the form of software applications, processes, procedures, or even new methodologies aimed at achieving the roadmap’s current period components. These physical representations or solutions parallel the direction the PPPM vision used to help define the roadmap initially for without implementations the roadmap becomes so much talk and cerebral activity — no substance or form.
In our example from previous posts, the PPPM vision and roadmap is mainly oriented towards implementing the portfolio-level portion of the PPPM environment as projects and programs have already been articulated over the past 7 years. The period’s focus is the towards the implementation of KPIs and PPPM processes using a top-down approach.
The implementations for this period would take the shape of applications or processes supporting the use of ideation for new projects focused on the key performance indicators (KPI), or processes at the portfolio level to prioritize investments towards the defined KPIs. Linking the implementations to the period’s focus and direction is key to keeping the progress of the roadmap sound and significant. Without implementations on which to hang physical reality, an organization’s PPPM vision can become simply another management apparition that come and go without leaving a trace of value.
These implementations link the components of focus, discipline, training, and direction with physical manifestations towards the production of the period’s achievements — the topic for our next post. The focus of the period along with the management direction shows the need for particular disciplines to be enforced using training as leverage for producing appropriate achievements. This is the linkage of the components for each period.
Implementations are also very useful in the training component since they provide a more “hands-on” anchor for education as opposed to just having seminars for discussion of thoughts or ideas.
Our next post will cover the PPPM roadmap component of achievements — the production of the desired outcomes from implementations we just discussed. Achievements could be seen as the deliverables of the period’s activities.