Properly applied social media conventions can be a huge asset to project management organizations. Open collaboration and concentrating project information in a single interface improves productivity, decreases costs and cuts down on errors. Curbing the “social” part of social media overcomes one of the most persuasive cases against social media in project management: information security. By creating closed communities accessible only by project teams, companies secure proprietary information and prevent stakeholders – customers, partners, vendors – from seeing and hearing things they shouldn’t.

This white paper will discuss how organizations can adapt the useful elements of social networking into powerful project portfolio management tools. It will detail the goals of a social media strategy: closed networks versus open networks; strengthening work groups; sharing business information; collaboration; productivity and transparency.