CMOs, PIOs and PMOs, oh my! Does an organization really need all three of these offices, or would a better approach be to merge them? Enter the Alignment Management Office!
Connect In Person
Miss PMXPO 2021? It's now on demand through 31 January 2022! PMXPO is now a part of PMI’s Virtual Experience Series. Whether you’re a seasoned project manager or new to the field, PMXPO provides an excellent opportunity to learn, earn PDUs toward your certification, broaden your perspective on project management and connect with your global project management community. PMXPO is complimentary for members: non-members can attend for just $29 and take advantage of the on-demand offerings.
Advance Your Career
The 3P’s to Success (Purpose, People, Performance) is a business philosophy promoted in the book ‘The Business of Portfolio Management – Boosting Organizational Value’. The project economy can scale upwards so that value-based portfolio management becomes ‘a way of doing business’. However, that needs to be integrated business objectives. That is best done via a modern light version of a balanced scorecard for planning and reporting purposes. This presentation is focussed on the design, development, and deployment of a modern light balanced scorecard that allows for organizational-wide performance to be shown and communicated. EPMO and portfolio leaders in particular will benefit from its content and messages.
A topsy-turvy world requires thinking that challenges the status quo and seeks smarter ways of deploying the well-known portfolio management mantra of ‘doing the right things’. The world’s economies will struggle to recover from the global COVID pandemic, meaning organisations of all sizes will need to focus on well considered and planned activity and the selection of initiatives that provide the most business value towards business objectives and ultimately strategic goals. However, post pandemic factors will be at play that will limit achievement of success. This presentation offers perspectives and challenges together with some suggested solutions that should be considered and acted upon to maximise portfolio success. These will fire your imagination.
Save Time With Tools + Templates
This program financial tracker has a set of dashboards for a program to provide customers/client, and use to manage the financials of their program. The entry tabs allow the program to enter planning and actual material costs, funding sources, and labor costs (even with multiple CLINs) to a granular percentage of an employee's time. The dashboards are calculated from the data entered. The dashboards included: Balance Sheet (and graph); Material Costs; Monthly Expenses; and Funding Sources.
This Excel heat map template gives you the ability to visually indicate your portfolio status to stakeholders by assigning data to a set of projects, which are displayed as bubbles of varying sizes. Adapt the axes names and data to fit your needs.
This Excel template helps you prioritize projects in your organization using objective criteria like strategic fit, economic impact and feasibility. You can adapt this template using other criteria that you can consider. This template helps you determine big-impact, top-priority projects for your organization.
How do your projects feed the company's strategic goals? How does a project enter in the portfolio? Use this presentation as a starting point to go over the basics of PPM, including feasibility studies, opportunity assessments, the project lifecycle and more!
In addition to regular management activities, the portfolio should also be subjected to a more formal quarterly review, and that’s what this checklist is designed to support. It provides the portfolio manager with a structure for the review process and allows the meeting(s) with leaders to focus on the critical elements of the portfolio.
Learn From Others
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.
Are algorithms driving the prioritization process in your product development efforts at the expense of strategic thinking and context? Because there is no magical spreadsheet or single metric that can replace strategy—the decision-making that considers organizational and market context, that addresses the bigger questions first.
As organizations continue to deal with the uncertainty caused by COVID-19, how can they balance the need to pursue strategic growth with the requirement to maintain flexibility? Here is guidance on creating a clear vision, planning smaller projects, and reprioritizing continuously.
As The Project Economy reimagines business around the concept of projects, the disruption to operations increases. The project delivery function needs to manage that if an organization is going to succeed.
Project leaders need to know where to focus their attention and teams at all times or they risk higher costs, missed deadlines and unhappy stakeholders. Ruthless prioritization keeps the things that would be nice to do from getting in the way of the work that matters most.
The COVID-19 pandemic is forcing organizations to rethink their strategy and refocus their investments. And just as our understanding of the crisis continues to evolve rapidly, our strategic response must, too, with continuous review and refinement to ensure it stays relevant. Here are four must-ask questions to support the process.
In uncertain times, you might not know how to approach your project portfolio. You might be tempted to continue with “business as usual”—even though our times are not at all usual. Instead, consider how you can rethink the value of each project and effort. The results might surprise you.
Successful product leaders need to delegate most hands-on product work, focusing instead on leader-level activities. That means understanding what each team member can handle, having an upskilling plan, and building trust.
Even as the world economy and individual business deal with the fallout of the COVID-19 coronavirus pandemic, leaders need to get focused on how to build a better organization going forward. Here are some questions to ask and areas of investment to consider.
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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