Consulting / PM Consulting Offerings - Project Portfolio Management

Project Portfolio Management

Portfolio management is  a core strategic business process of actively identifying, evaluating and prioritizing projects, resources and budgets within their global or regional business pipeline. This management action allows for improved harmonization and assessment of competing investments across the organization and to make sound decisions. Once the content of the portfolio is agreed upon, it is key to constantly scrutinize  the evolution of individual projects  in terms of quality, cost and schedule.

Procept can assist in developing a defined process for project portfolio management. The process consists of identifying potential portfolio “components” (which may be business cases, projects, programs, sub-portfolios), categorizing (e.g. growth, compliance, risk reduction, efficiency, health and safety, sustaining), evaluating (using financial and subjective scoring methods), prioritizing, and evaluating results through the creation of various scenarios to decide which is the most optimal portfolio (for a certain year, business, budget, etc).

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