A project is usually temporary, has clear start and end times, defined scope and resources, and is a specific set of actions aimed at achieving a single goal. Project teams collaborate to achieve common Project goals, and Project Management Professional (PMP) is the application of specialized knowledge, skills, tools, and methods to Project activities to enable projects to operate within limited resource constraints. The process of meeting or exceeding set requirements and expectations. Project management is the overall monitoring and control of activities (such as tasks) related to the successful achievement of a set of objectives. Therefore, project management has become an indispensable practice in the process of enterprise and team development.

In the actual business scenarios of enterprises, especially for some medium-sized and large teams, there are often multiple projects in parallel. At this time, in order to coordinate the progress, resources and costs of multiple projects, PMO (Project Management Office) needs to carry out “project cluster management” and “project portfolio management”.

MSP (Managing Successful Program) means that a project cluster is a group of interrelated projects that need to be coordinated and managed. It has four typical characteristics:

① Multiple sub-projects are carried out simultaneously

(2) Unified in the overall strategic objectives

③ Overall planning and intensive allocation of resources

(4) 1 + 1 > 2

The ForDAD model emphasizes the Formulation, Organization, Deployment, Appraisal and Dissolution of the project cluster life cycle, and moves forward periodically. The key points are:

1. In the case of multiple projects being carried out simultaneously, how to allocate enterprise resources for each project and coordinate various functional departments to serve the project well;

2. Project portfolio and prioritization in the enterprise multi-project environment;

3. Project performance evaluation in multi-project environment.

“PPM” (Project Portfolio Management) refers to the selection and support of investments in multiple projects or clusters of projects, guided by available resources and the enterprise strategic plan. Portfolio management is to ensure that projects conform to the strategic objectives of enterprises through project evaluation and selection and multi-project portfolio optimization, so as to achieve the maximization of enterprise income.

Whether “project management”, “project cluster management” or “project portfolio management”, now has developed into a science of management. In project management practice, making good use of tools has become an important means for enterprises to improve project management ability and efficiency.

Focused on R&D management, ONES provides one-stop R&D project management tools for enterprises and teams, covering the whole process management of requirements, development, testing, operation and maintenance, delivery and continuous improvement. While ONES Plan (Project set and Portfolio Management) provides a global perspective for R&D managers to control the progress of multiple projects, keep teams and projects in order, allocate team resources reasonably, and help medium-sized and large enterprises to achieve the implementation from strategy to product.

To learn more about ONES project management and project set management capabilities, visit ones.ai for a free trial.