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Project Portfolio Management

How You Can Improve Business Support

While on a support call recently, I had the misfortune of suffering through long hold times, dreary music, and being transferred from person to person with no end in sight. While I waited I had plenty of time to think about what could be done better not just for this experience, but also from my own perspective to improve interactions with my own business. Listen More, Speak Less First, start by listening to your business—really …

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Using the Hierarchy of Purpose to Prioritize Your Company’s Projects

Every business makes an effort to track and prioritize projects, but too many of those efforts are hollow. For instance, implementing a project management tool to track projects and compare benefits will do no good if nobody can be convinced to use it. It requires a comprehensive and committed strategy to understand a business’s project portfolio and plan accordingly. In an article for Harvard Business Review, Antonio Nieto-Rodriguez introduces the “hierarchy of purpose” to achieve …

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Convert Good Project Management into Great Project Leadership

For the project management office (PMO) to be successful in the long term, it needs to be constantly improving the skills of its project managers. Particularly, managers need to be developing their comprehensive leadership skills. In a post for the PM Perspectives Blog, Rebecca Leitch highlights the need for a greater emphasis on soft skills in developing managers. Such skills are not as easy to objectively measure or train for, but they are too important …

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3 Ways to Take Advantage of the Talent Gap

It’s a great time to be in project management. PMI’s recent Job Growth and Talent Gap report finds that 88 million jobs will be generated globally by 2027 at a rate of 2.2 million per year. In other words, there will be a lot of positions to go around. What can you do to maximize demand for your skills? In a post for Voices on Project Management, Jen Skrabak shares three simple tips: Get additional …

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Essentials for Ensuring Consistency in Complex Programs

It is harder than ever before to ensure consistency among complex programs. Making sure everything works on the same wavelength requires figuring out some important aspects of your project and your business. In a post for the Association for Project Management, Mark Holmes delineates some of these essential points to consistency. Points to Program Progress It’s important to acknowledge that the business objectives you have are unique to your own situation and as such should …

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Is IT Having an Identity Crisis?

All of the forward-thinking businesses understand the value of IT these days—but not all businesses are forward-thinking. In many places, proving IT’s value is a war still being waged. Likewise, IT workers themselves often have yet to awaken to the significant influence they have on helping or hurting business performance. In an article for Computerworld, Minda Zetlin addresses this potential identity crisis. The View from the Frontlines To begin with, here are some numbers from …

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Can You Use Conflict to Improve IT-Business Strategy?

It is well established that you cannot please everyone, not even within your own business. Different people have different agendas in their pursuit of growing the business, often leading them into direct conflict with each other. Yet in an article for MIT Sloan Management Review, Toshiro Wakayama and Karen LaPierre discuss an example of a business that has been able to generate better results through encouraging such conflict. Could your business mimic this success? Head …

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Case Study: Portfolio Scoring Model—Western European Pharma

Company assets were in dozens of billions of dollars in 2012 whereas its income was measured in billions of dollars. Despite an overall strong position of the organization, the executives of the company were somewhat concerned with a slow growth in revenues (4-8% per year) and net income (1-3% per year). Consequently, they felt that the company was falling behind the competition and, in the long term, in danger of losing the leading position in …

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10 Things Every New Program Manager Should Know

Success and productivity of an organization depends not only on what you do, but also on how you do it. A program manager’s roles and behaviors affect business transformation and organizational performance in many ways. Elizabeth Harrin, in writing for the Balance, suggests ten tips to help you win people’s support: Program management is not the same as project management. Learn to deal with uncertainty. Watch out for burnout. Manage the pace. Train your team …

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How to Join Tech and Marketing

We know that technology and marketing are like coke and beer–the former targets a large anonymous population, while the latter reaches out to smaller known groups of audiences. Yet they are dependent on each other for the overall outcome of a business. To better connect the two functions, Mark Samuels, in writing for ZDNet, points out four ways that CIOs and CMOs can create a mutually beneficial relationship: Finding common goals to help the business …

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