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Home > Departments > Project Portfolio Management
Mike Beard spends his days evaluating how companies' methodology and processes function and recommending ways they can be improved, often with project portfolio management. But getting business owners and executives to carry out his recommendations is not always easy.
As a partner at Value Based Project Management, based in Buena Park, Ca., Mike Beard consults with firms on portfolio project management and mentors them while they set up project management offices. Working with large and small companies with very different cultures, from Department of Defense contractors to Hollywood-based firms, Beard has learned how best to approach PPM, who at a company is most likely to adopt it — and who's not — and how technology figures in. He spoke recently to ProjectsAtWork about the benefits of PPM and the difficulties inherent in implementing it. Edited excerpts of the conversation follow.
What does project portfolio management bring to a company?
PPM helps a company answer questions like: "Why are we doing this project in the first place?" "Does it fit with our strategic plan?" and "Is this project one of our core competencies?"
Portfolio management is similar to what we as individuals do every week with our checking accounts or every year with our homes.
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