Project portfolio management (PPM) is a process to obtain project management information of all resources, time, budget, and labor skills in order to align, manage, and review these elements--and to ensure deliverables are being met in terms of project milestones, in accordance with the work breakdown schedule.
In a time of economic and business uncertainty, PPM may be the prescription to
ad hoc analysis accounting
Without these tools an ad hoc approach may ultimately be further detrimental to remaining competitive. A business-savvy CIO, along with the right tools and initiatives designed to add value, may very well be the best insurance in a tight economic marketplace.