Discussion on ppm (Project Portfolio Management)-4

First, let everyone recall the points mentioned in the previous article.

 

Let's continue to talk about Microsoft and Bill Gates. As soon as he goes to work and drinks coffee every day, he wants to see the data in these aspects. These five questions are actually quite simple in syntax, and they are almost all questions, the answer is yes and no, but we know exactly how much work is required after this simple yes or no, and how much data analysis is required to reach this conclusion, you need to know that yes and no are the opposite. As long as the answer is wrong, it is in the opposite direction. It may be okay for a small matter, but in case it is related to the development of the entire company, if something goes wrong, it may not be enough to remedy it. This is serious and may cause the company to collapse.

 

Therefore, to obtain yes or no, we need to analyze all relevant data, all possible situations, and all predictable and unpredictable risks, in this way, we can draw a relatively correct conclusion to the greatest extent. Remember, it is only a relatively correct conclusion, that is, it is only the most likely result. Of course, it should be okay most of the time. Especially for project development, such results generally reflect the progress, risks, costs, and other factors of project development. In a few cases, for example, what products the company needs to develop and the future development direction of the company, these aspects still need to be grasped by the upper layers of the company, data analysis can provide the sales trend of the current product, user preferences, and other data at most. There is no way to draw conclusions about what new products should be developed.

 

After talking so much about the above, we can finally return to the topic of PPM again. Now we should know what ppm is, or we should have a vague understanding.

 

Let's take a look at the standard ppm explanation:

Project Portfolio Management (PPM) is a management process designed to help an organization acquire and view information about all of its projects, then sort and prioritize each project according to certain criteria, such as strategic value, impact on
Resources, cost, and so on.

TheObjectives of ppmAre similar to the objectives of managing a financial portfolio:

1) to become conscious of all the individual listings in the portfolio

2) to develop a "big picture" view and a deeper understanding of the collection as a whole.

3) To allow sensible sorting, adding, and removing of items from the collection based on their costs, benefits, and alignment with long-term strategies or goals.

4) to allow the portfolio owner to get the "Best bang for the buck" from resources invested.

 

The general meaning is that ppm is designed to help a company collect and view data on all projects, and can be based on certain standards (such as strategic value, resource impact, costs, and so on) sort and set priority. The purpose is:

1.You can intuitively view all the details of the project in portfolio.

2.We can get a global overview of the progress of all the projects of a company and conduct deeper analysis on some data to draw some direction conclusions.

3.Data analysis can be updated in real time when various types of data are continuously updated.

4.Helping the company get the most cost-effective investment

 

Let's look back at the several points Gates wanted to see early every morning:Whether the right project is being carried out, whether the process is optimized, whether the features required by the customer are met, how the project is going, and whether some of the latest design concepts can be added to the productIn fact, Simply analyzing these "Theoretically"PpmIs that true? Let's analyze it.

 

(To be continued)