Project Portfolio Management
Project Portfolio Management (PPM) is the process that ITS 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 project 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 ITS’ and Ithaca College’s strategic and tactical goals. PPM provides mechanisms for creating proposals for new projects, review of proposals by the ITS Project Steering Committee (PSC), detailed project definition and specification, categorization, prioritization, release for implementation, and project close-out.
Management of the ITS Project Portfolio is the responsibility of the ITS Project Steering Committee (PSC). The PSC consists of the Associate Vice President for Information Technology Services, the directors of the three departments that comprise ITS, and the Manager of ITS Project Management Office. The PSC meets regularly to review newly submitted proposals, release proposals into the ITS project portfolio, review specific project progress, re-prioritize the portfolio, and other project portfolio management tasks.