How to use Wrike for PMM

Companies with a long list of ideas and potential projects that they want to maximize investment struggle against limited resources, time, and money. Project portfolio management (PPM), allows companies to identify and prioritize projects that will add value to their business and help them achieve their long-term goals. Wrike’s PPM software ensures that all projects are balanced in time and resources so that simultaneous projects can be completed within a set budget and schedule.
Table of Contents
What is Wrike?
How to use Wrike for Project Portfolio ManagementStep 1. Identify Objectives
Step 2: Capture the Requests
Step 3: Select Projects
Step 4: Initiate and Validate
Step 5: Manage, Monitor

Wrike PPM templates
What is Wrike?
Wrike is an easy-to-use project management tool. The online platform can be used by all levels of the enterprise in many different settings. Agile teams can collaborate on software projects on the same platform as marketing teams, or with senior PMs who manage the overall PMO. Wrike can be used to meet many different PPM requirements.
Project portfolio management is a concept that simply refers to project management on a larger scale. Wrike offers customizable dashboards, shared schedules, and many options to organize entire portfolios. It offers customizable work views and dynamic reports to improve transparency for all tasks and schedules. Project management best practices, advanced tools such as custom request forms and team collaboration allow users to better control processes and outcomes.
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How to use Wrike to manage your project portfolio
Wrike is a platform that connects strategy, planning and execution. These are the key steps to managing project portfolios within an organization using Wrike software.
Step 1: Identify your Objectives
An organization may have multiple projects in progress at any given moment, each with its own goals. Wrike’s table view lets companies list potential initiatives that will help them achieve their business goals, depending on their objectives. This table view allows organizations to clarify their business goals and identify the guiding objectives for both short-term and long term business goals.
Step 2: Capture the Requests
Companies will have many ideas to improve their business. Although there are many ways that organizations can manage ideas, it is important to capture them accurately so that leadership can assess their potential.
Wrike makes it simple to track and capture ideas, rather than using spreadsheets and manual processes. Wrike allows users to create custom change requests forms that simplify and standardize requests across departments. Software features include dedicated form builders, smart routing and routing, templates that are already created, and a powerful search engine.

Step 3: Select Projects
Next, portfolio managers must go through the standard evaluation and selection process for each of the listed ideas or projects. You must consider the cost of the project, the duration, returns and benefits, as well as the availability and risk factors.
Wrike offers tools like detailed reporting, resource management and time tracking that portfolio managers can use to support their plans and improve their accuracy. Users can also organize project requests into programs that can then be sorted by impact or timeline so they can make decisions based upon predicted outcomes.

Step 4: Initiate and Validate
After the managers have made the final selections for individual projects, it’s important to validate these selections in the context of the entire portfolio. The portfolio must be balanced and aligned with business goals.