In this installment on requirements, we will walk through the methodology for identifying IPOs, the functional data model and briefly address level of effort estimating.
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The 2015 PMI Pulse report reveals that organizations are returning to the basics of project, program and portfolio management. By focusing on the fundamental aspects of developing a culture of project management, cultivating talent and defining processes, organizations will capture value and gain competitive advantage.
Project management is primarily an integrative job. This includes the integration of change management principles and activities throughout the project lifecycle. Unfortunately, many practitioners--regardless of their backgrounds--find it difficult to integrate strong change management principles and techniques with project management practices. PMI standards hold many of the keys required for developing structured and robust change management activities without the need to create a separate or adjunct change management plan.
Projects and programs are the core of any organization’s strategic initiatives--they are how change happens. Having the talent to implement those initiatives successfully is the critical capability that gives organizations a competitive advantage. Excellence in managing the talent is a key to unlocking that capability. In partnership with PwC, the Economist Intelligence Unit (EIU) and Human Systems International (HSI), the PMI Thought Leadership Series focuses on how talent management impacts project practitioners and, in turn, the successful implementation rate of strategic initiatives. Read more in Talent Management: Powering Strategic Initiatives in the PMO, Spotlight on Success: Developing Talent for Strategic Impact and Rally the Talent to Win: Transforming Strategy into Reality.
Effective executive sponsorship is critical to the success of an organization’s strategic initiatives, and active engagement by executive sponsors is the top driver of project and program success. Yet sponsors are assigned to fewer than two-thirds of projects. This situation results in significant losses for organizations, but there are some simple solutions. Read more in PMI's Pulse of the Profession In-Depth Report.
This white paper provides a discussion of the benefits of adopting portfolio management through customer testimonials and case study examples.