Page 130 - Organizational Project Management

Appendix F—Best Practices Directory

BP ID Title Description
Project Program Portfolio Standardize Measure Control Improve

5440 Align Projects to The organization ensures that projects align with
Strategic their strategic objective. X X
Objectives
5450 Communicate The organization formally communicates
X X
Strategy business strategy to subordinates.
5460 Accept Project Sponsors, Project Managers, Managers and
Prioritization Customers accept project prioritization to allow X X
efficient and effective allocation of resources.
5470 Align Portfolio with The organization aligns the project portfolio with
Business Strategy business strategy. X X
5480 Implement The organization's Quality Management System
Portfolio includes Portfolio Management. X X
Management
Quality System
5490 Recognize Value of The organization recognizes the value of project
Project management. X X
Management
5500 Define Project The organization defines and applies project
Management management vision and values within the X X
Values organization.
5510 Adopt Project The organization's practitioners and stakeholders
Management willingly apply the processes that surround the X X
Processes delivery of change through projects.
5520 Collaborate on People in different roles and functions
Goals throughout the organization collaborate to X X
define and agree on common goals.
5530 Reallocate The organization efficiently redeploys resources
Resources from projects that have been terminated to
Efficiently other projects. The redeployments are X X
consistent with the organization’s strategic
priorities.
5540 Plan Portfolio The portfolio manager integrates all project
X X
plans into a portfolio plan.
5560 Manage Portfolio The portfolio manager ensures that the X X
Procurement procurement system is in place.
5570 Manage Portfolio The organization invests resources according to X X
Investment strategic values and organizational policies.
5580 Support Consistent The organization uses processes and methods
Project Decisions that support consistent project decisions. X X
5590 Manage Portfolio The organization assesses the risk to portfolio X X
Risk and support infrastructure and plans mitigation.
5600 Manage The organization sets a strategy to retain X X
Knowledge Assets knowledge of internal and external resources.
5610 Manage Portfolio The organization monitors the available portfolio
Resources resources and aligns them with strategies and X X
priorities.
5620 Establish Career The organization has progressive career paths
Path for All Project- for project-related roles. X X
related Roles
5630 Manage Projects The organization manages projects using
With Standard standard project management processes. X X
Processes
5640 Balance the The organization determines the appropriate mix X X
Portfolio of projects to produce a balanced portfolio.
5650 Manage Cash Flow The organization manages cash flow risks for
Risks projects. X X
5660 Manage Portfolio The organization manages the value of the X X
Value portfolio.
5670 Allocate Portfolio The organization has guidelines for allocating
Resources limited resources to projects. X X
Effectively
5680 Support A communication mechanism exists that is
Organizational suitable for communicating the organization’s
Communication shared situation, shared plans and goals, and X X
shared solution process for programs and
projects.

114 ©2003 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA