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P3M stands for Project, Program, and Portfolio Management representing the increasing levels of process and strategic maturity from applying sound project management techniques consistently across organizational initiatives to applying repeatable IT governance processes to align your selection and investment in projects with the strategic goals of your enterprise.
Virtual IT has partnered with EPM Live to provide clients with ‘out of the box’ project, program and portfolio management tools that integrate with Microsoft SharePoint®. Virtual IT provides the business and IT governance processes you need to leverage EPM Live and SharePoint® technology within your organization. Using EPM Live as a foundation, Virtual IT helps our clients meet their program and portfolio management objectives using contract project management services, customized training, smart methodologies, and tools.
The 3 components of the P3M Consulting Practice include:
Project Management
Project Management is concerned with effectively managing the completion of a single scope of work. The methodologies and tools for Project Management are focused on balancing that scope along with the schedule, cost, and quality of the project deliverables. Virtual IT’s Project Management framework and offerings apply consistent and repeatable structure, planning, tracking, and reporting of project status using tools such as Work Breakdown Structures, Earned Value Management, and Critical Path Analysis.
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Project Management Services |
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Project Rescue Services |
Independent Project Review & Assessment |
Project Management Execution Services |
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Project Management Information Systems Selection & Implementation |
Project Management Training |
Project Management Methodology Selection & Implementation |
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Project Collaboration Tools |
Project Management Staff Selection & Development |
Virtual Project Team Support |
Program Management
A program is a group of projects that are tied together by some common thread such as project type, client, or funding source. Virtual IT’s Program Management Office (PMO) framework identifies these common attributes and provides consistency across the many projects in terms of artifacts, deliverables, process and tools. This allows your project and program managers to address the unique needs of projects within a certain program while maintaining consistency and repeatability across all programs in your organization. A key aspect of P3M’s program management offerings is the visibility across projects to allow both PMO and executive management to steer projects and programs from a dashboard perspective in addition to providing more effective resource management.
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Program Management Services |
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Program Management Office Strategy |
Program Management Office Assessments |
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Program Management Process Development |
Program Management Dashboards |
Portfolio Management
Portfolio Management refers to the processes, tools, and key performance indicators your organization uses to identify, evaluate, select, and fund investments that support your strategic business goals. The portfolio itself may consist of projects, programs, products, operational upgrades, or actual investment vehicles. Virtual IT’s Portfolio Management framework provides the process governance, the selection criteria, and the selection team structure to effectively and efficiently choose the right mix of initiatives and investments that align with your organizational objectives.
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Portfolio Management Services |
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Enterprise Portfolio Management Strategy |
Portfolio Management Tools & Methodologies |
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Portfolio Management Governance |
Business & IT Portfolio Alignment |
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