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270 DEFINING AND IMPLEMENTING PPM

supports the inclusion of proposed mitigation plans and the appraisal of the
cost effect of taking mitigation action as opposed to experiencing the effect
of the risk event.
• The capability to define, display, and communicate the enterprise objectives
and goals, and to relate them to the supporting projects.
• A system of feedback from the project monitoring subsystem to the objec-
tives monitoring subsystem, complete with alerts and alarms to warn of en-
dangered objectives.
• An operating environment that encourages access by a wide variety of per-
sonnel, from dispersed locations, via networked and web-based protocols.
The design of the various screens must facilitate ease of comprehension by a
wide range of individuals, using popular metaphors.

Project Portfolio Management is the bridge between traditional operations
management and project management. For organizations that will be depending
on project success for success of the overall enterprise, a well-structured bridge,
built on a good foundation, is the preferred way to overcome the traditional gap
between operations and projects management.
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