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9 Problems and Solutions of Project Portfolio Management

Fmazesman

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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Using Project Portfolio Management to Sharpen Strategy

pencils

Introduction When there are many projects run by an organization, it is significant to manage and evaluate them by grouping projects into strategic portfolios. Project portfolio management (PPM) is an excellent business practice that enables an organization to keep its projects aligned to its business objectives. PPM doesn’t get involved in project execution, but it plays a major role in project selection, benefit realization, prioritization, funding, optimum resource utilization, risk assessment, etc. This helps in ...

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Finding Value in Event Monitoring

Ogilvie-watch

Fact: Your IT operations are monitoring your infrastructure in some capacity. Whether it is network traffic, database activity, application health, or a combination of these, your goal is to ensure stability. How well is this working out? Depending on your IT organizational structure, each “silo” may answer that everything is working rather well, so you might want to reframe the question to determine what value your monitoring is adding. If you were to look at ...

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How to Fix the 3 Biggest Project Management Problems

repair

Any time you are managing human beings, there is no one-size-fits-all solution, but there are general practices that can help. In an article for Forbes, Maren Hogan shares some problems that can arise during project management, and how to sidestep them in an agile fashion. There are three problems any project manager needs to be alert to: The team does not understand the project. The project manager is either too rigid or too laid back. ...

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A Grim Portrait: The Current State of IT Project Failure

doom

Where do we stand with IT project failure? Are success rates in the industry improving? Frankly, not really. At best, the same dreary old rates are holding steady. Let’s examine recent big-name stories and industry statistics of IT project failure in order to both understand what exactly is going on and also to find ways to buck the trend moving forward. Recent IT Project Failures NHS IT Projects (£5bn) at ‘High Risk’ of Failure – ...

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Improving Focus and Predictability with Critical Chain Project Management

chainswall

Abstract Does it seem that projects in your organization require frequent firefighting where due dates are challenged and heroics are necessary to get things done? Do projects often go from green to red overnight? Is team morale suffering? Do you believe that your organization could flourish to new heights if this cycle were broken? Lack of focus and inability to manage uncertainty are two significant causes of project delays, diminished quality, excessive project durations, and ...

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Partnering to Shape the Future: IT’s New Imperative

sigma

It is no longer the norm for IT to work in its isolated bubble; rather, they are a major player at the executives’ table. And if that is not the case, then there is a problem. In an article for McKinsey & Company, Naufal Khan, Jason Reynolds, and Christoph Schrey share data from a survey about where IT stands as a business partner. Challenges to IT Evolution Despite the immense benefits that can be reaped ...

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6 Tips to Ensure You Meet Project Deliverable Dates

zoomdelivery

Any good business seeks to make their customers happy, and project deliverables are one way to ensure that you have the happiest, most loyal customers. In an article for CIO.com, Moira Alexander shares the six tips that will ensure that you are meeting project deliverable dates: Have accurately defined deliverables. Keep good documentation. Avoid the lure of informal agreements. Never assume. Everyone must pitch in. Remember the dependencies. Document and Agree When deliverables are inaccurately ...

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Digital Priorities for the CIO in 2016

suaveglasses

Change is imminent, but in today’s world change is additionally rapid. In 2016 the digital revolution is already leaving its whirlwind trademark on organizations. In an article for ZDNet, Dion Hinchcliffe elaborates on how the CIO can best reprioritize for the new digital age. Changing the Platform Every organization in every industry is being hit with a competitor that is pushing the digital norm and changing how business is handled altogether. Take for example Uber’s ...

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Trouble Hiring a Project Manager? 5 Possible Reasons Why

emptychair

A good manager is a difficult asset to find, and an even greater one to retain. In an article for TechRepublic, Moira Alexander explains why there is so much adversity in hiring a project manager. Use these tips to learn how to solve your problems. Help Found It is important to understand why you are struggling to attract the right people to the job, so you can amend your practices for the future. According to ...

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