Multi-project management is an approach to project management that focuses on effectively planning, coordinating and controlling multiple projects within an organization. Multi-project management also involves selecting the appropriate projects with a view to achieving business objectives. It is a method commonly used in large companies and organizations to ensure that resources, time and budget are used efficiently when multiple projects are undertaken simultaneously. The responsibility for multi-project management is usually placed in a central management position.
The main objective of multi-project management is to ensure that all projects within an organization are carried out in accordance with strategic goals and priorities. It usually ensures that the organization's limited resources are used optimally.
An important part of multi-project management is the allocation and management of resources such as manpower, budget, materials and time. This is to ensure that resources are used where they are needed most urgently. Also part of multi-project management is prioritizing projects, because not all projects are equally important. Multi-project management helps prioritize projects according to their strategic importance or benefits so that resources can be focused on the most important tasks.
When running multiple projects simultaneously, effective coordination is critical. This includes coordinating schedules, avoiding conflicts in resource allocations, and ensuring a smooth flow of information between project teams. Multi-project management involves regular monitoring and reporting on the progress of all projects. This makes it possible to identify problems early on and take action to adjust project plans when necessary.
