Portfolio Management Now!

Janis is an award-winning journalist and editor who has covered many industries beyond project management, including health care, financial services, higher education and retail sales.

  Portfolio Management   ProjectsAtWork  

Portfolio management may not be a new idea, but it remains an underutilized one. That shouldn’t be the case, especially in turbulent times, says veteran program manager Randy Englund. Here, he shares some practical advice for getting started by keeping it simple.

Project management consultant Randy Englund has a message for companies struggling in these challenging times, and it boils down to two words: portfolio management.

As a veteran consultant and former program manager at Hewlett-Packard for 22 years, Englund is the first to admit that portfolio management is not a new idea, but it is an underutilized one. He says the process is a strong way to bring about a tight connection between a company’s strategic objectives and the work that gets done. Portfolio management prioritizes demands and plans, and then allocates financial and human resources to the initiatives.

Earlier this month, in Spain, he and five other international experts presented a two-day event, “Managing Portfolios in Turbulent Times.” Participants had the opportunity to interact with the speakers, who are from the United States, England, Romania and Spain. The goal was to provide knowledge, tools and practices to the attendees to help them make better project business decisions and achieve balanced project portfolios within their organizations.

Because it’s likely that…

Please log in or sign up below to read the rest of the article.