Project Management Institute has launched its 2015 thought leadership series on project portfolio management, focusing on the benefits of the discipline and the challenges that organizations face in aligning projects and programs to strategy.
Benefits realization occurs once the project is complete, and so there is limited PM accountability. But what about the PMO? Does it have a role to play in ensuring benefits realization occurs effectively?
Project managers can facilitate benefits realization and--more strategically--the project management function. That encompasses the three Ps of project management, which can play the crucial but often missing organizational role that will embed benefits realization in strategy execution and--by extension--program and project delivery.
Like the telephone game in which a message changes as it is whispered from one person to another, a lot can get lost as strategic initiatives travel across an organization, from idea to plan to execution. But it’s no secret that transparency is key to keeping priorities aligned.
A few recent events have left this project manager feeling very positive about PMOs--and that’s something that hasn’t happened in quite some time. While we can't yet proclaim PMOs as saviors of organizations, they are now on the journey to success.
Some problems can’t be solved on the back of a napkin. Managing resource capacity and demand in a complex enterprise environment is a good example. A project portfolio management system can help in four critical, connected areas: visibility, prioritization, optimization and integration.
The increasing acceptance of portfolio management indicates that the application of knowledge, processes, skills, tools and techniques to select the right work at the right time may have significant impacts on program, project and business success. Focusing on IT portfolio management, the author shares a practical method and metric system for implementing portfolio management. All proposed methods can be easily extended for business portfolio management.
ProjectsAtWork has updated its PPM Software Evaluation Tool, a comprehensive set of questions and parameters to consider when selecting a project portfolio management solution. It’s a valuable guide to thoroughly analyzing your organization’s requirements and the degree to which the available offerings support the features that you care about.
Change at the portfolio level involves complex decisions and greater risk. It is challenging enough without the burden of unnecessary churn that disrupts legitimate change. Here’s a look at what drives portfolio change, and ways to minimize churn, from the planning cycle to ongoing communication and visibility.
What challenges do project management professionals face with Project Portfolio Management in 2015? There continues to be a high rate of misaligned IT projects and lack of resources for successful project execution, according to a new survey.