Project Management

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Upcoming Webinars

Project Portfolio Management in the Construction Sector: Alignment with Organizational Strategies

Jun 7, 2022 7:00 AM EDT (UTC-4)
webinar

Project portfolio management (PPM), when tailored to context, improves the effectiveness of senior management decision making on selecting, prioritizing, funding, monitoring, and adjusting projects. Such portfolio-level approaches can improve alignment with an organization’s strategy and enhance return-on-investment (ROI). Although the construction sector is strongly project-based and represents a major segment of the global economy (13% of GDP $ 10 trillion in 2018 projected to $14 Trillion by 2025), little is known about whether and how Project Portfolio Management (PPM) can provide benefits in this important sector. The research team from Australia and the United Kingdom investigated approaches to strategic alignment and PPM through inquiring into project-based practices of organizations in the construction sector. We found that PPM approaches are used in the case firms investigated, despite the fact that the terms ‘portfolio’ and ‘portfolio management’ were not always used. Our findings also show PPM approaches being tailored to suit the construction context.

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Determining a Balanced Scorecard: Improving Business Performance & Reporting

by Kimberly Johnson Brian Cohn Iain Fraser
February 17, 2021 | 59:22 | Views: 9,931 | PDUs: 1.00 | Rating: 4.48 / 5

The 3P’s to Success (Purpose, People, Performance) is a business philosophy promoted in the book ‘The Business of Portfolio Management – Boosting Organizational Value’. The project economy can scale upwards so that value-based portfolio management becomes ‘a way of doing business’. However, that needs to be integrated business objectives. That is best done via a modern light version of a balanced scorecard for planning and reporting purposes. This presentation is focussed on the design, development, and deployment of a modern light balanced scorecard that allows for organizational-wide performance to be shown and communicated. EPMO and portfolio leaders in particular will benefit from its content and messages.

Boosting Organisational Value through Smarter Portfolio Management

by Kimberly Johnson Brian Cohn Iain Fraser
October 21, 2020 | 48:47 | Views: 9,638 | PDUs: 1.00 | Rating: 4.32 / 5

A topsy-turvy world requires thinking that challenges the status quo and seeks smarter ways of deploying the well-known portfolio management mantra of ‘doing the right things’. The world’s economies will struggle to recover from the global COVID pandemic, meaning organisations of all sizes will need to focus on well considered and planned activity and the selection of initiatives that provide the most business value towards business objectives and ultimately strategic goals. However, post pandemic factors will be at play that will limit achievement of success. This presentation offers perspectives and challenges together with some suggested solutions that should be considered and acted upon to maximise portfolio success. These will fire your imagination.

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Save Time With Tools + Templates

Portfolio View Template

PREMIUM deliverable
by Ishita Mitra

For efficient project governance, the PMO must ensure that the managers review all project parameters regularly. This template will help project/program/portfolio managers take a detailed look at all project constraints and variances. This will give a consolidated view and status of each project in a portfolio. This can also be leveraged and customized for weekly/monthly stakeholder reporting.

Program Financial Tracker

PREMIUM deliverable
by Jeremy Wiltz

This program financial tracker has a set of dashboards for a program to provide customers/client, and use to manage the financials of their program. The entry tabs allow the program to enter planning and actual material costs, funding sources, and labor costs (even with multiple CLINs) to a granular percentage of an employee's time. The dashboards are calculated from the data entered. The dashboards included: Balance Sheet (and graph); Material Costs; Monthly Expenses; and Funding Sources.

Portfolio Heat Map Template

PREMIUM deliverable
by Yaniv Levi Tzedek

This Excel heat map template gives you the ability to visually indicate your portfolio status to stakeholders by assigning data to a set of projects, which are displayed as bubbles of varying sizes. Adapt the axes names and data to fit your needs.

Portfolio Review Checklist

PREMIUM checklist
by Andy Jordan

In addition to regular management activities, the portfolio should also be subjected to a more formal quarterly review, and that’s what this checklist is designed to support. It provides the portfolio manager with a structure for the review process and allows the meeting(s) with leaders to focus on the critical elements of the portfolio.

Learn From Others

What A Waste

by Andy Jordan

Most organizations have limited resources to invest in improvement initiatives. And a significant percentage of those resources don’t deliver results. That’s a huge problem. To begin to fix it, we have to understand where and why this waste is occurring.

Lean Governance: The Future of PMOs?

by Andy Jordan

Lean governance is a term that is being thrown around a lot, but what exactly does it mean? And is it important for the future of PMOs? Yes, but the challenge for PMOs might be in creating the environment where they can leverage lean governance.

Prioritization Beyond Algorithms

by Rich Mironov

Are algorithms driving the prioritization process in your product development efforts at the expense of strategic thinking and context? Because there is no magical spreadsheet or single metric that can replace strategy—the decision-making that considers organizational and market context, that addresses the bigger questions first.

Strategizing in Uncertain Times

by Andy Jordan

As organizations continue to deal with the uncertainty caused by COVID-19, how can they balance the need to pursue strategic growth with the requirement to maintain flexibility? Here is guidance on creating a clear vision, planning smaller projects, and reprioritizing continuously.

Change Readiness: The PM's New Priority

by Andy Jordan

As The Project Economy reimagines business around the concept of projects, the disruption to operations increases. The project delivery function needs to manage that if an organization is going to succeed.

Ruthless Prioritization

by Dharma Mehta

Project leaders need to know where to focus their attention and teams at all times or they risk higher costs, missed deadlines and unhappy stakeholders. Ruthless prioritization keeps the things that would be nice to do from getting in the way of the work that matters most.

4 Questions Must Drive Your COVID-19 Response

by Andy Jordan

The COVID-19 pandemic is forcing organizations to rethink their strategy and refocus their investments. And just as our understanding of the crisis continues to evolve rapidly, our strategic response must, too, with continuous review and refinement to ensure it stays relevant. Here are four must-ask questions to support the process.

Choose Again: Re-Evaluate Your Project Portfolio for Adaptability

by Johanna Rothman

In uncertain times, you might not know how to approach your project portfolio. You might be tempted to continue with “business as usual”—even though our times are not at all usual. Instead, consider how you can rethink the value of each project and effort. The results might surprise you.

Delegation for Product Leaders

by Rich Mironov

Successful product leaders need to delegate most hands-on product work, focusing instead on leader-level activities. That means understanding what each team member can handle, having an upskilling plan, and building trust.

Your Post-Pandemic Strategy

by Andy Jordan

Even as the world economy and individual business deal with the fallout of the COVID-19 coronavirus pandemic, leaders need to get focused on how to build a better organization going forward. Here are some questions to ask and areas of investment to consider.


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