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Tag Archives: Project Portfolio Management

Initiating Projects: What to Do When Process Gets in the Way

When supporting project initiation decisions, effective process can consistently lead to extremely effective decisions. The problem for most of us is that we don’t work in an environment where there is effective process. In actual fact, the presence of solid, well-meaning and useful initiation processes is incredibly rare. While most organizations claim to have formal processes for project initiation, in a large number of instances these do not lead to better initiation decisions. The challenge …

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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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Keep Rank and Survive: Optimize Project Portfolio Management

In ancient warfare, the difference between winning and losing a battle was sometimes as simple as not breaking rank. A unit out of alignment could not protect itself or direct its energy in the right direction. The same survival principle applies to project portfolio management’s ability to align the organization. In an article for CFO.com, Mark A. Langley, President and CEO of the Project Management Institute, discusses how to better manage a project portfolio. Strategy …

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