Project Portfolio Management Business Processes

Project Portfolio Management supports the propose to complete portion of the resource and project portfolio management business process. Project Portfolio Management is not a standalone application, as it leverages the functionality that is within Resource Management, Project Costing, Planning and Budgeting, and Program Management to provide a fully integrated project portfolio management solution. Project Portfolio Management provides these business processes:

• Create project requests and submit for approval.

  • Route project requests to the parties who are responsible for operationally and financially authorizing the initiation of a project or program.

  • Create bottoms-up business case justifications for a project or program.

• Strategically analyze project requests.

  • Evaluate high-level resource and budget constraints.

  • Compare and evaluate return on investment, present value, risks, and benefits.

We discuss these business processes in the business process topics in this Product Documentation.