Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Stack The Deck
Gerald is the author of Advanced Multi-Project Management and Advanced Project Portfolio Management.
Many projects fail to reach the finish line. Just as many reach it, but fail to meet strategic goals. Lately, more organizations have stopped blaming their project managers and PMOs, and started playing better hands with advanced portfolio management practices. Here are four crucial components of an effective PPM process.
Portfolio management must be at the heart of any effort to improve project management results. A project management office (PMO) without an excellent portfolio management process is like a body with a diseased heart. Sooner rather than later, the body demands more resources than the heart can give and the body succumbs.
There are two reasons. First, many organizations have activated far too many projects. The result is that many projects do not complete when the executives badly need the results. Secondly, even when some projects do finish on time, they fail to meet the organization's goals.
The survival of the PMO, long term, depends upon the level of perceived value in achieving organization goals. Here, then, are the beginning steps of a portfolio management process that can solve these huge problems.
Step 1: Determine the Organization's Project Capacity
Why are there so many project management conflicts over resources and priorities? Projects typically originate either from functional areas, from IT or from corporate functions…
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Necessity is the mother of taking chances. - Mark Twain |