The increasing acceptance of portfolio management indicates that the application of knowledge, processes, skills, tools and techniques to select the right work at the right time may have significant impacts on program, project and business success. Focusing on IT portfolio management, the author shares a practical method and metric system for implementing portfolio management. All proposed methods can be easily extended for business portfolio management.
What challenges do project management professionals face with Project Portfolio Management in 2015? There continues to be a high rate of misaligned IT projects and lack of resources for successful project execution, according to a new survey.
There’s a lot of talk about strategic or enterprise scale agile, but what do organizations have to do to prepare for such a change? The right approach will depend on the needs of the organization and its willingness to absorb change.
We need to be clear about what we are talking about in the context of alignment. And we need to be clear about what alignment actually gives us in the context of portfolio management. In other words, just what is the problem we are trying to solve here?
The PMO Status Report is a weekly report in Excel format submitted to the PMO, portfolio or program manager. The purpose of this report is to provide a summary that will be aggregated at the program or portfolio level. This report focuses on financials, risks and issues that should be escalated at the program/portfolio level.
Like the source of the Nile, the start of portfolio management can be hard to locate. There is not yet a generally accepted initiation point for portfolio management, so let’s try and figure out where PPM might start in a perfect world.