Lean governance is a term that is being thrown around a lot, but what exactly does it mean? And is it important for the future of PMOs? Yes, but the challenge for PMOs might be in creating the environment where they can leverage lean governance.
Do large-scale philanthropic initiatives have something to teach us about how portfolio, program and project management gets done?
Nowhere does project portfolio management play a more important role than in government. Government IT departments are under constant scrutiny from county budget officials, watchdog groups and citizens to ensure that the money spent on IT is well spent. Here, we take a look at a Project Management Officer's implementation of project portfolio management for her county.
For years, the U.S. government has used portfolio management to coordinate its information technology projects. Now you can learn from their efforts in a recent report to the Federal CIO Council. This report examines how the government performs portfolio management for more than $52 billion in IT funds and identifies nine key lessons for you to learn.
Too many organizations approve more projects than they can reliably deliver. They need an integrated view of all projects that goes beyond the large scale transformation initiatives to include smaller, often hidden efforts. Then they can better prioritize, manage and commit to a realistic work volume.
Portfolio managers don’t always need a full-feature package with all the bells and whistles. Reviewing the variety of solutions available led this writer to generate a basic list of PPM requirements as well as a few nice-to-have features--leading him to a recommendation.
In order to move forward, you must sometimes look back—and see that some patterns have surfaced. These are no longer trends, but core competencies of the market. This year, expect to see a renewed interest in some of these tried-and-true methodologies.
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"What is wanted is not the will to believe, but the wish to find out, which is the exact opposite." - Bertrand Russell |
