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Tag Archives: portfolio management

Portfolio Governance: Ensuring Alignment to Strategy with Definitions

Out with the old and in with the new! In a continuation of a portfolio governance series, Jen Skrabak, writing for Voices on Project Management, elaborates on basic governance functions per PMI’s new Governance of Portfolios, Programs, and Projects: A Practice Guide. There are four fundamental elements to governance: Oversight Control Integration Decision-making Oversight, in reference to governance, refers to providing guidance in the creation of portfolios. Control is the monitoring and measuring of the …

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Top 10 Signs Your Company Needs Project Portfolio Management

The truth is that any business could benefit from project portfolio management (PPM). However, if you find your company running into the following signs, you could be in more dire need of PPM than most! Sign #1: Project and resource managers often fight over resources. Example: The head of the Finance department asks IT services to install a new accounts payable system. When approached by the project manager requesting to assign two financial analysts to …

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Project Portfolio Management Is a Game Changer

If you do not want to fall behind your peers, or risk your very existence in your competitive market, then you need project portfolio management (PPM). In an article for CIO.com, Bas de Baat elaborates on why PPM is the key to unlocking an organization’s full potential. Flip the Board The forces that immediately impact an organization’s ability to perform are volatility, uncertainty, complexity, and ambiguity (VUCA). These forces can be managed with the help …

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