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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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.
Organizations today face a chasm between what they should be doing--aligning projects to their strategy--and what they are able to accomplish. As a result, 44 percent of strategic initiatives are unsuccessful. PMI’s 2014 Pulse of the Profession, its annual global research, examines the impact of the implementation of project, program and portfolio management. This report demonstrates that in order to remain competitive, organizations must place a strategic focus on people, processes and outcomes. And the time to act is now.
This white paper explores how an organization’s change agility--its ability to quickly and effectively focus and implement change--paves the way for successful strategy implementation. Author Marge Combe of Vernal Management Consultants, LLC affirms that organizational change agility is a crucial strategic enabler and worthy of intentional nurturing by every organization. This is a companion piece to Building Change Agility: The Strategic Process for Agility Improvement.
Marge Combe of Vernal Management Consultants, LLC explains why it’s important for organizations to perform a change readiness assessment when launching a project or program. She suggests organizations evaluate their capacity, commitment and culture to uncover hidden factors and influences that may impede change implementation.
This white paper provides a discussion of the benefits of adopting portfolio management through customer testimonials and case study examples.