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The popular managerial acronym VUCA (volatility, uncertainty, complexity, ambiguity) can be useful in identifying and categorizing risks, but a complementary framework known as VUCA-Prime is more helpful in shaping appropriate responses to those risks by focusing on vision, understanding, clarity and agility.
Projects may be unique endeavors, but they can’t be managed in isolation. They must be integrated and assessed within the context of strategic enterprise goals — a portfolio-level perspective enabling synchronized adjustments on the way to delivery. And this requires project leaders to adjust as well.
Asked to align its sprint calendar with others in the organizations, an agile team’s initial reaction was to resist. But upon further discussion, the team decided there were three situations where this action could, in fact, improve dependency management and transparency with customers and executives.
Project selection is a widespread challenge that requires a single point of accountability — ideally, a strategic project management office — that can provide the infrastructure and information support necessary to execute a ‘whole portfolio’ approach that is flexible and adaptable to ever-changing needs.
You already know there is no 'one type fits all' when it comes to a project management office. But does your PMO have a type at all? Does it attempt to do too little or too much? Or is it hemmed in by your organization’s oversight or lack of project portfolio management maturity?
Technical competency is not enough in a complex, competitive global marketplace. Project and program managers need leadership and business intelligence skills that support the strategic objectives of their organizations, says Nicholas Errico, author of a field guide that presents a fresh perspective to delivering value.
The most effective project portfolio planning brings IT managers and business leaders together to prioritize, scope and staff initiatives as a single team with common goals. In doing so, the process fosters better working relationships — and provides a roadmap for delivering value to the organization.
Some organizations try to streamline the process of developing business cases and end up missing great opportunities. But turning ideas into realistic, executable plans should, in fact, be a complex journey, from screening to rationalization to approval. Here are essential steps to make the time and effort worthwhile.
Project success rates have climbed and waste has fallen significantly as more organizations develop technical and leadership skills, establish project management offices to align vision with execution, and adopt agile approaches, according to Project Management Institute's latest Pulse of the Profession report.
Change management requires continuous communication, active sponsorship, stakeholder buy-in and tailored training. Project leaders can use this spreadsheet-based assessment tool to evaluate their organization's change readiness and to provide guidance on better preparing for change initiatives.
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