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Project Portfolio Management

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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How Lean IT Paves over the IT-Business Gap

We have talked about the IT-business gap for years, and yet we still see this chronic problem lingering around. Indeed, experts have been giving advice to bridge this gap by highly prioritizing it in every company, but little helps when technology keeps changing like a whirlwind today. Part of the reason stems from the disruption of the traditional enterprise IT model caused by four revolutionary forces—digital, elevated CIO mandates, de-globalization, and cloud computing. Indeed, we …

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The Tactical Guide for Building a PMO – How to Run a Successful PMO

Despite what you might read in the news, or hear at the water cooler, there’s a growing demand for information on building a PMO (project management office). Over the past few months, I’ve had the opportunity to share my perspectives on this topic based on my book The Tactical Guide for Building a PMO. It has been a fantastic opportunity; people have enjoyed the presentation and have told me they now have some “amazing takeaways” …

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5 Change Mistakes a Good Program Manager Won’t Make

By nature, program managers spin a lot of plates. They also want to make those plates spin better by spurring changes that improve the bottom line. However, changes don’t necessarily mean good results, and sometimes, program managers make mistakes that are costly to their business. In a post for Axelos, John Tibble points out five change mistakes that a good program manager will know to avoid: Ignoring the old 70-percent-failure factor Associating “change” purely with …

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Organizational Project Business Management and PMOs: Executive View

Written with Darrel G. Hubbard Introduction During our PMO case study research over the past 13 years, we delved into the construct, organizational concept, and framework of Organizational Project Business Management (OPBM). In addition, we delved deeply into the models, framework, and organizational concepts of the Project Business Management Or­ganization (PBMO). We documented those research results in our latest book, A Compendium of PMO Case Studies – Volume II: Reflecting Project Business Management Concepts {Bolles …

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The CFO-CIO Relationship: How to Bridge the Gap

Technology is intrinsically linked to every department, not limited to finance to improve costs and maximize profit. However, the relationship between CFOs and CIOs has not always been a smooth collaboration. In the haste and competitiveness of business nowadays, if CIOs and CFOs remain focused completely on their own concerns and fail to bridge their profession gap, then neither one will ultimately further the business’s goals. For a CFO who seeks to position the company …

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