4 | 2003

It Takes Backbone
Project portfolio management is an efficient way to prioritize work. At its most basic, it demands only a willingness on the part of management to make conscious decisions. It doesn't require formal processes or expensive tools in order to offer value.

It Takes Tools
Project portfolio management works best when organizations use a disciplined approach with formal analytical tools. Establishing repeatable business processes and formalizing project tracking and control are necessary components of building a sustainable PPM system.

"If I had to list the reasons why a PPM process might fail to take root in a company, I would certainly begin my list with the failure to cultivate and reward decisionmaking."

-- Donna Fitzgerald, Guest Editor


Opening Statement
Donna Fitzgerald


Get Your Priorities Straight: Defending a Formal Approach to Making Project Choices
Mark E. Mullaly


Managing the Project Portfolio
Ian S. Hayes


From Arms Race to Green Space: PPM at Rocky Flats Environmental Technology Site
Glen B. Alleman


IT Portfolio Management:A Banker's Perspective on IT
Bert Kersten and Chris Verhoef


Portfolio Analysis Versus Indexing: Vive la Difference
Victor Rosenberg

Next Issue

Is Open Source Ready for Prime Time?
Guest Editor: Jason Matthews

Is open source just a "community of hackers" and a passing fad, or is it a fundamental paradigm shift in how software will be developed in the future? How will topics like intellectual property rights, project and process management, and technical support issues fit into the open source puzzle?

Next month, Cutter Consortium Senior Consultant Jason Matthews and a cadre of distinguished contributors take on open source to help you decide if broad adoption of this emerging "darling of the IT industry" is imminent or even likely.



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Project portfolio management (PPM) is, at its simplest, a process that organizations can use to prioritize where they will invest their scarce resources. There have been many successful applications of PPM in IT, yet many organizations struggle in their attempts to implement the process. Critics claim PPM is an expensive analytical technique that doesn't translate well to the world of IT projects. In which camp does PPM's future lie? In this issue, veteran PPM practitioner Donna Fitzgerald examines the use of PPM in several diverse settings and provides food for thought for proponents and detractors alike. Don't miss this chance to discover what PPM could do for your organization.