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Complexity Considered
When project portfolio decisions are made in isolation, redundancy and conflicts are inevitable. One solution, according to a Global 500 advisor, is to manage cascading portfolios at multiple levels within the organization. In this interview, Mario Arlt shares some thoughts on managing complex project portfolios.
For more than 15 years, Mario Arlt has served numerous Global 500 companies as an advisor and coach and contributed to methodologies such as the Project Management Institute’s Project Portfolio Management Standard. Arlt is currently the vice president of client engagements at ESI International, a global project management training provider with headquarters in the Washington, D.C., area.
PPM Executive recently spoke with Arlt about the challenges of managing complex project portfolios across large and diverse organizations.
How can large organizations cope with the complexity of project portfolios across businesses, legal entities and geographies? What are the main challenges — solutions?
It is indeed a non-trivial task and large organizations are often overwhelmed by the complexity. As so, often the answer is: it depends. Depending on the organizational setup and culture, there may be one central portfolio management function for the entire organization. While this may support the selection of those projects and …
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I have made good judgements in the past. I have made good judgements in the future. - Dan Quayle |