Project Management

Portfolio Investing

Tom's latest eBook has been released on Amazon: "The 7 Myths of IT Integrations". Tom is also a Program Director for a large Midwest corporation and has been an adjunct faculty member at Walsh College. He has managed global web initiatives, data center moves and large multi-million dollar programs.

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In this economic downturn, you might not have the confidence you once did in your IRA or stock picking skills. You thought you had invested in a combination of funds and companies that were going to be beneficial to you and your portfolio’s wealth. If you are like me, you may be frustrated and think there was no point in doing any due diligence on those investment choices.
 
It’s understandable. The economy might not be behaving the way we had hoped--but the strategy was right. Due diligence on your portfolio can pick the best options for you according to your set of criteria. During these challenging times, you need to re-examine your company’s portfolio of projects and think of it as the portfolio of investments that it actually is. Choosing the right combination of projects from hundreds of viable candidates needs to through a due diligence processes as well.
 
It’s just good portfolio project management practice.
 
1. Projects as Investments
All of the projects that we undertake for our companies represent a commitment of funds to improve the underlying business. From building new applications to standing up new servers, from point-of-sales-systems to that new benefits enrollment application for HR to building a new facility--they all represent what someone hoped was an investment of one dollar into a project that would return …

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"Success consists of going from failure to failure without loss of enthusiasm."

- Winston Churchill

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