Download the Cherwell PPM Brochure A report published by Gartner research found that IT projects deployed in North America generate up to 30 percent waste, a figure that amounts to hundreds of billions of dollars annually. While there are many mechanisms that create waste within projects, organizations can also waste resources by funding the wrong projects—those with low benefits, high risks, and whose outcomes have insignificant effects on the organization’s strategic goals. To help reduce waste, organizations are adopting project portfolio management (PPM), a strategic approach to project and resource management at the enterprise level. PPM allows organizations to analyze current and prospective project requests, identify the projects that best advance their strategic objectives, efficiently deploy assets and allocate resources to the top projects, and increase cross-project visibility within the organization. This article is a great starting point for learning about PPM—you’ll learn what PPM is, how it benefits the organizations that use it, how it fits with your existing paradigm for project management and how to get started.