IT Project Failures – Reduce them using PPM?

Michael Krigsman has written an interesting article on the ZDNET blog suggesting that while Project Portfolio Management (PPM) tools can be useful, they are not the answer on their own. He suggests that from the perspective of IT failures, PPM brings discipline to four key areas:

• Standardizing the investment criteria used to evaluate project funding.
• Making project-related investments explicit.
• Prioritizing projects across the enterprise.
• Providing a way to measure project success, relative to organizational investment policies.