The PPM Process

PMI® PPM and PMBOK 3rd Edition Standard ProcessesThe Project Management Institute (PMI®) standards for project portfolio management identify a number of processes that need to be implemented. These processes are grouped into two phases: Aligning, and Monitoring and Controlling (See Figure 2). Under Aligning, there are processes for project identification, categorization, evaluation, selection, prioritization, portfolio balancing and authorization. The second phase, which becomes

active when a project is sanctioned, contains portfolio reporting and review, and strategic change.