Though it seems straightforward to simply invest dollars in the status quo, a good portfolio must consist of a balance of investments. To achieve this goal, we as project portfolio managers can look to a few simple guidelines inspired by the oil industry: oversubscription, prioritizing investment and providing ample lead time. Read on to understand more about the O.I.L. pipeline…
We've looked at the project selection process from the vantage point of an idea submitter. Now we will look at the process from the perspective of the decision makers--who are often left equally frustrated and confused.
Some managers view PPM as nothing more than high-level project management--a service function rather than a strategic support function. But PPM is more than just project management with bigger numbers.
When a PM has more than enough work, it requires a lot of negotiation and planning. As a result, ranking and prioritizing a group of projects is vital when trying to focus project team efforts and not have them stretched in a number of directions.
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"How can you govern a country which has 246 varieties of cheese?" - Charles DeGaulle |
