ITMPI FLAT 001
Main Menu
Home / Project Portfolio Management

Project Portfolio Management

How to Manage the Project Portfolio Solar System

Every project is a planet affected by the gravity of other projects, perceptible or not. The solar system of projects pushing and pulling on each other is the project portfolio, and project portfolio management (PPM) is about ensuring the solar system is not gobbled up by a black hole. Okay, the metaphors are getting more abstract, but the point remains—project portfolio management ensures that projects are cohesive and align with company strategy. In a post …

Read More »

How to Derive Projects from Strategy

Everything begins with strategy. Strategy leads the way. What it does not necessarily do is answer all of the “how” questions involved in realizing it. In a post for Strategy Execution, Elizabeth Harrin shares some advice for how to derive actionable projects from an established strategy. From Nothing, Something Whether your corporate strategy exists in a PowerPoint presentation or as a fat stack of paper, it has some big key points somewhere. These are the …

Read More »

Through Love and Hate, Keep Tightening the IT-Business Bond

The year 2018 is being looked at as a time in which IT-business alignment starts to enjoy the fruits of its labor. But there are bumps in the road with every relationship, especially business relationships. In an article for InformationWeek, Esther Shein shares how various businesses treat this relationship—through good times and bad. Ups and Downs One of the most common ways that the business and IT fall out of alignment is that the business …

Read More »

Major Programs: Creating a Uniform Rhythm

When you feel like you have all the time in the world to be somewhere or get something done, you are setting yourself up for the most risk of being late. You lull yourself into a false sense of security! The same happens in major programs as well. In a post for the Association for Project Management, Neil McCrimmon explains how you can create a uniform rhythm in programs. You Got Rhythm Creating a rhythm …

Read More »

3 Steps for IT to Learn to Talk Business

The easiest way to capture someone’s attention is to offer them something exciting. However, what a system admin finds exciting might be different than what excites an executive. IT needs to recognize that nuance. In an article for Smarter with Gartner, Chris Pemberton gives three steps for how IT can learn to talk business. All the Right Words Pemberton says to focus on the business’s wants and desires first so you can tailor your response …

Read More »

Overcoming Firefighting Mode in Your Organization

Research has documented the value of project management at various levels and in a variety of organizations. In the research study Researching the Value of Project Management by Janice Thomas, Ph.D. and Mark Mullaly, PMP, the researchers found that in both public and private organizations there were measurable improvements in productivity and business outcomes. Well-executed project management, which fits within the culture of the organization, creates repeatable processes that can lead to sustainable innovation through ever-improving efficiency. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »