When business priorities change, projects get put on hold. As the project manager, you might then have to take on a different project. But how should you manage and report a project that is paused? Read these tips for moving a project to “on hold” status.
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Organizations approve more initiatives than they are capable of delivering, creating frustration when those projects fail to achieve expected results. Why is there a reluctance to reduce the number of projects in progress? More important, how do we change that mindset?
Do large-scale philanthropic initiatives have something to teach us about how portfolio, program and project management gets done?
Organizations are now starting to shift to a portfolio focus, viewing their strategic initiatives as part of an integrated whole rather than as standalone elements. When you take that integrated view, the success or failure of an individual project becomes less important—and sacrificing it becomes a real possibility.
Too many organizations don’t connect the dots between strategy and the need for the organization to pursue an informed, aligned and enlightened approach to the implementing of those strategies.
Flexible and responsive strategic planning is the key to sustainable organizational success. But adaptive planning can't deliver on its promised benefits until organizations commit to a top-down, lightweight approach; otherwise it's just traditional planning rushing to go nowhere.
PMI’s latest publication, The Standard for Risk Management in Portfolios, Programs and Projects, has a wealth of great information about effective risk management and contains recommendations for iterative, incremental and adaptive environments that fit agile projects well.
In order to keep up with market changes, organizations must figure out a faster way to deliver new features. The lean lab methodology is a proven delivery method, allowing teams to fail fast and identify winners quickly. Lean labs offer the team an opportunity to learn from mistakes, become more efficient, and show business value quickly.
Too many teams don’t perform retrospectives—the inspect-and-adapt part—of the agile approach. Sometimes, people think the retro will take too long, or that they won’t learn enough fast enough. The problem? Teams do the same thing over and over again—and nothing changes.
The wave of big data and other data-science-related knowledge is turning into a flood. The economy is rapidly transforming into a knowledge-based one. In fact, the four largest companies based on market capitalization—Apple, Google, Microsoft and Amazon—are all data-driven organizations. How will this data science storm affect project, program and portfolio management?