Project Portfolio Management
Project Portfolio Management (PPM) is the process that IT@IC uses to "do the right things". In much the same way as an investment portfolio strives to maximize return on financial resources by maintaining a balanced portfolio of investments to achieve specific goals, so too does a project portfolio attempt to achieve entrerprise goals.
The objective of PPM is to manage a collection - a portfolio - of IT projects in a manner that maximizes available resources, balances competing priorities, and achieves IT@IC and the Institutional strategic and tactical goals. PPM provides mechanisms for creating proposals for new projects, review of proposals, detailed project definition and specification, categorization, prioritization, release for implementation, and project close-out.