Project portfolio management (PPM) helps organizations make decisions that move the needle toward achieving their strategic objectives. In order to make those decisions, senior leadership needs the right information at the right time. This is where PPM systems come in, providing the quality data helping to inform sound decision making.
Unfortunately, many companies assume that merely implementing a PPM system will improve their ability to execute strategy. There’s more to it.
Next, it’s critical to enter the right data into the system, and to maintain it once you have. Data collection is not free; any data that is collected but not actively used is a waste of organizational resources. Knowing what information is needed to drive better decision making will help ensure that only important data is collected.
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