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Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics.
The concept of organizational project management is based on the idea that there is a correlation between an organization's capabilities in project management, program management, and portfolio management and the organization's effectiveness in implementing strategy. [3]
The following is a comparison of project management software. General information Software Web-based Hosted on-premises SaaS License Programming language 24SevenOffice Yes No Yes Proprietary AnyChart (AnyGantt) Yes Yes Yes Proprietary JavaScript Apache Allura Yes Yes Apache License Python Apache OFBiz Yes Yes Yes Apache License Java, XML, FreeMarker, Groovy, JavaScript Apache Bloodhound Yes ...
In program management, the manager supports all project-level activity by ensuring program goals are met at each milestone of the project. In addition, the program manager is ultimately responsible for execution of projects to include decision-making capacity that cannot be achieved at project level or by a project manager. Typically, the ...
Divisional PMO: provides support to projects for a specific business unit within an organization; includes portfolio management, training, resource planning, and project coordination. Project PMO: established for the duration of a single large project or program; includes administrative support, controlling, reporting and monitoring.
Virtual program management (VPM) is management of a project done by a virtual team, though it rarely may refer to a project implementing a virtual environment [84] It is noted that managing a virtual project is fundamentally different from managing traditional projects, [85] combining concerns of remote work and global collaboration (culture ...
Project Portfolio - This type of portfolio management specially addresses the issues with spending on the development of innovative capabilities in terms of potential ROI, reducing investment overlaps in situations where reorganization or acquisition occurs, or complying with legal or regulatory mandates. The management issues with project ...
Tasks in project management are activity that needs to be accomplished within a defined period of time. Time limit is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished. Work in project management is the amount of effort applied to produce a deliverable or to accomplish a task (a terminal ...
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