Project Management

PPM 101: Implementation Issues

Tom Mochal

Tom Mochal, PgMP, PMP, TSPM is the president of TenStep, Inc., a methodology development, consulting and training company. Tom won the Distinguished Contribution Award from the Project Management Institute for his work spreading knowledge of project management around the world. He is a speaker, lecturer, instructor and consultant to companies and organizations around the world.

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Some of the most common portfolio management implementation problems are excuses, not roadblocks. By being aware of them upfront, senior executives, steering committee members and the implementation project manager and team can work to overcome them.

Done right, project portfolio management can do a lot of good for any organization. But it’s not easy, as many companies, large and small, have discovered. In PPM 101, an ongoing series by veteran project management consultant and author Tom Mochal, we focus on the fundamentals for organizations that are just getting started on the PPM path.
 
Introducing portfolio management is a culture change initiative. It changes how people do their jobs — sometimes dramatically. As such, many issues can make the implementation of portfolio management an extremely difficult endeavor. Sponsors and project managers need to be fully aware of these potential challenges so that they don’t sidetrack or completely derail the initiative. Senior managers also need to be aware of these common pitfalls so that they do not consciously or unconsciously fall into them.
 
It's different and new. Some people thrive on change and may even get bored quickly doing things the same way year after year. Most people, however, have a natural tendency to resist change. If you have done budgeting in a certain way for a number of years, …

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