Project Portfolio Management: Selecting the Right Projects for Optimal Investment Opportunity

  • ID: 1841689
  • March 2011
  • Region: Global
  • 26 Pages
  • Aberdeen Group
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The economic conditions of the last couple of years means that companies must find ways to work smarter and focus resources on the right projects. Aberdeen’s October 2010 report "Where Have All the Jobs Gone?" indicated that in 2009, manufacturers reduced 6% of their workforce and another 2% in 2010. With fewer resources, companies can not afford to waste efforts on the wrong projects. It is more important than ever to ensure resources are focused on the right projects by successfully managing the portfolio of projects.

This report provides guidance to help companies use project portfolio management to balance portfolio risk while focusing resources on the right projects that will achieve the greatest return on investment for the company.

Key benefits of this report:

- Increase Project ROI
- Improve Project Returns
- Complete Projects Under Budget

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Executive Summary
- Best-in-Class Performance
- Competitive Maturity Assessment
- Required Actions

Chapter One: Benchmarking the Best-in-Class
- The Business Need to Pick the Right Projects
- The Maturity Class Framework
- The Best-in-Class PACE Model
- Best-in-Class Strategies

Chapter Two: Benchmarking Requirements for Success
- Competitive Assessment
- Capabilities and Enablers

Chapter Three: Required Actions
- Laggard Steps to Success
- Industry Average Steps to Success
- Best-in-Class Steps to Success

Appendix A: Research Methodology
Appendix B: Related Aberdeen Research

List of Figures

Figure 1: Top Business Pressures Driving a Focus on Project Portfolio Management
Figure 2: Top Pressures of Managing Project Portfolios
Figure 3: Top Strategies to Manage Project Portfolios
Figure 4: New Product Development Decision Criteria to Optimize and Balance Project Portfolios
Figure 5: Best-in-Class Processes to Manage Project Portfolios
Figure 6: Best-in-Class Organizational Capabilities
Figure 7: Best-in-Class Capabilities to Manage Knowledge
Figure 8: Best-in-Class Capabilities to Manage Performance
Figure 9: Best-in-Class Technology Enablers

List of Charts

Table 1: Top Challenges of Managing Project Portfolios
Table 2: Top Performers Earn Best-in-Class Status
Table 3: The Best-in-Class PACE Framework
Table 4: The Competitive Framework
Table 5: Most Useful Project Portfolio Management Enablers
Table 6: The PACE Framework Key
Table 7: The Competitive Framework Key
Table 8: The Relationship Between PACE and the Competitive Framework

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