Importance of Project Portfolio Management Noted as Top 10 Project Management Trends in 2014

Project Management trend predictions for 2014 continue to roll in and one notable prediction is the emphasis on Project Portfolio Management (PPM). ESI International recently released an article on their Top 10 Project Management Trends for 2014, and they predict PPM will take center stage due to the new Project Management Institute’s (PMI)® new Portfolio Management Professional (PfMP)SM credential.

In addition to the importance of the new credential, they believe PPM will be increasingly significant because many organizations are still tight on spending despite large cash reserves and that there are far more projects than people to work on them. Portfolio management will play an increasingly important role in helping to select the most strategic projects with the highest return on investment (ROI). This is a key shift in recent years as more enterprises grow beyond simple project management tools, spreadsheets and home-grown systems to top-down systems that enable executives in IT, New Product Development, Process Excellence, and PMOs (project management offices) to improve portfolio-level visibility and insight. The end result is improved business decision making and agility that includes a holistic approach to cost optimization across the entire organization.

Other notable trends included the expansion of Agile methodology and shifts in education and leadership for Project Managers.

EPM Live provides many project portfolio management features that allow organizations to find the right balance of “keep the lights on” activities and strategic opportunities to bring the most value to your organization. EPM Live also offers cutting-edge features like Social Project Management and Collaboration as well as a complete App Marketplace. Learn more about EPM Live and how we can help revolutionize your business.