The O.I.L. Project Portfolio Pipeline

Rob Saxon is a Project Management Professional, Certified Information Systems Auditor and a trained Six Sigma Specialist. Rob is currently developing methods to integrate project management into previously unexplored areas of business.

Energy is a hot topic nowadays. Where we get energy from, what form it takes, and how it gets to us are all widely debated. One aspect of modern life that I’m extremely grateful for is that energy does get to me. I’m in the United States writing this article on a computer in a warm house, so the oil is somehow flowing. I know very little about how energy flows around the world, except that it does it, and that I can learn from it.

As a project and program manager, I need to make sure that the budget dollars that are entrusted to me flow in directions where they can make the most impact. Similar to the flow of energy, making the most impact with the flow of budget dollars is not as easy as it may sound. Though it seems straightforward to simply invest dollars in the status quo, a good portfolio must consist of a balance of investments. These investments need to represent the needs of the business, as well as overcoming process challenges and honoring the future of technology. Like the flow of energy, the flow of funding and human resources must get to the most impactful efforts at the right time.

To achieve this goal, we as project portfolio managers can look to a few simple guidelines inspired by the oil industry. These guidelines are oversubscription, prioritizing investment and providing ample lead time. Read on to understand more about the O.I.L. …

Please log in or sign up below to read the rest of the article.

ADVERTISEMENT

Continue reading...

Log In
OR
Sign Up
ADVERTISEMENTS

"It is an important and popular fact that things are not always what they seem. For instance, on the planet Earth, man had always assumed that he was more intelligent than dolphins because he had achieved so much -- the wheel, New York, wars and so on -- whilst all the dolphins had ever done was muck about in the water having a good time. But conversely, the dolphins had always believed that they were far more intelligent than man -- for precisely the same reasons."

- Douglas Adams

ADVERTISEMENT

Sponsors