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Project Portfolio Management

Start, Switch, Stop: Regrouping IT Projects

There is an incredible variety of potential projects that IT can undertake to improve itself and the business. The downside of that variety is that it can be hard to explain in a few words what each project is and how it matters. Andy Wolber shares a solution in an article for TechRepublic. He explains a simple way to group projects and tasks that will make it easier to understand the significance at a glance. ...

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Business Capabilities in Business-IT Alignment

This article explores(and debunks) the traditional notions of IT-business alignment and offers a more pragmatic approach to keeping IT in sync with business objectives through business capabilities. It also considers the critical role that enterprise architecture (EA) can play in this process. You can view the white paper here at AITS: http://aits.org/wp-content/uploads/2017/01/Brian-Cameron-Business-IT-Alignment.pdf   Brian Cameron will be presenting a free webinar with ITMPI on February 2! Sign up here: Business Capabilities in Business/IT Alignment

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The Long-Term and Strategic Side of Project Management

In a post for the PM Perspectives Blog, Elizabeth Harrin considers a theory being discussed about the future of project management. Right now, managers spend the great majority of their time on operational concerns, with only a bit of time leftover for project sponsorship, planning, etc. But over the next few years, these priorities are expected to swap in importance. Harrin considers the implications. Plotting Moves First of all, while the significance of project work ...

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5 Fundamentals of Project Portfolio Management

A lot of pressure comes with being a project portfolio manager. You are trying to align new tactics and maybe new technologies across your organization’s projects successfully, while ensuring resources exist to fill the precise roles required. In an article written for Growth Freaks, Amanda Knowles offers five tips on the fundamentals of project portfolio management: Collect all project ideas. Allocate resources. Train project managers. Provide every project manage with a starting kit. Manage the ...

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3 Signs Your New Project Is Non-strategic

What makes a project strategic versus non-strategic? A strategic tech project is one that contributes tangible business value, in direct and measurable ways. Strategic projects are key to an organization’s ability to prosper, while non-strategic projects usually deal with local or tactical issues. In an article for CIO.com, Pradeep Henry shares three warning signs to avoid launching non-strategic projects: The driving strategy is not aligned with organizational strategy. It is an independent technology project. There ...

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Is Your Organization Ready for Project Portfolio Management?

Most of us believe that project portfolio management (PPM) is a good thing… and it is. After all, what organization wouldn’t want to maximize their return and minimize their risk? The simple answer is they all do. So what’s the issue? Well, introducing a concept such as PPM is difficult enough even in a company that is ready to undertake it. When the company is too immature, it may be at the very least a ...

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The State of Project Portfolio Management in 2016

An Overview: Why Do We Need PPM? There is no denying that project portfolio management (PPM) has gone through various stages of transformation over the last 15 years: since the early phase where there was total ambiguity about the PPM discipline, to a more recent scenario where Project Portfolio Management (PPM) is considered a catalyst for solving all project-related concerns. Today, PPM is a valuable answer for any project management office (PMO) willing to better ...

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Why Do Projects Continue If They Aren’t Needed?

When projects start, they just keep going. Or at least that is true at a good number of businesses. In such cases, either there is excellent portfolio management, or projects are carrying on that really should have ended. In a post for the PM Perspectives Blog, Elizabeth Harrin discusses five reasons as to why projects keep on going: Stopped projects are considered failed. There is a lack of decision-making. Risk appetites differ. Some projects exist ...

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What Breed Is Your Program?

A program is a collection of coordinated projects all working toward the same grand result for the business. But beyond that definition, programs can still come in different shapes and sizes. In a post for the Association for Project Management, Chris Beach discusses different “breeds” of programs. Husky Programs To clarify, all programs have universal elements of governance, planning, controls, and change management in common. Yet programs require different approaches to be successful, depending on ...

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9 Problems and Solutions of Project Portfolio Management

Introduction A project portfolio is a set of projects and programs that envision the same kind of goals. The act of managing these projects to check if they are in line with the organization’s business strategy is project portfolio management. With the help of this management process, project managers and project management offices focus on forecasting and analyzing the returns per project implementation in the portfolio. They collate all the available data of ongoing and ...

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