Project Portfolio Management

A PMO in a company looks after project portfolio management. It categorizes projects and portfolios of similar nature or fields like technology, human resources, etc. It clubs them into a single project portfolio for better monitoring and governance. In this article at Chron.com, Chirantan Basu narrates how the PMO plays a significant role in a portfolio management. Streamlining Portfolio Management A company might have a lot of projects aiming to fulfill various company objectives. These …

PPM or project portfolio management in IT means allocating a reasonable budget to projects. Depending on the success of the project initiatives, the management can further enhance the project capabilities or remove support entirely. In this article at ThoughtWorks, Sriram Narayan explains how PPM works differently when applied for real-time projects. I. The PPM Dichotomy PPM managers basically depend on business cases to fund projects after a careful screening process. Influencers could also help sanction …

Project portfolio management (PPM) tracks all the activities of projects, programs, and portfolios in a portfolio. Unlike popular misconceptions, you can implement it quite easily because of its similarity with the existing functionalities. To enjoy the advantages of PPM, know the basic factors governing the processes. In this article at Meisterplan, understand why organizations think PPM is indispensable. PPM, the Foundation of Good Governance PPM coordinates project activities from start to finish with transparency. If …

Program and portfolio managers can no longer use predictive models to carry on with project goals till the end. The market dynamics compel projects to be extremely agile and disruptive. Gartner’s “Survey Analysis: PPM Leadership in the Era of Digital Business Requires Speed, Change and Collaboration” conveys that 87 percent of organizations believe that rate of change is becoming faster. Additionally, 89 percent responded that project lifecycles are speeding up as well. In this article …

Project portfolio management (PPM) aids leaders in the decision-making process. The associated tools in this sphere have undergone significant changes to match up to the market standards. However, before you renew your license, check if your existing solution is the most updated one. In this article at CPS, Chris Aslett talks about how to use metrics to know whether your PPM solution is up-to-date. Is Your PPM Solution Current? PPM is a complex process, and …

Software has made life easier for you, even more when it comes to project portfolio management (PPM). However, the downside of applications is they become obsolete after a while. You start looking out for a PPM software in the market that comes with advanced features. In this article at Meisterplan, Thomas Quandt shares with you the 7 signs that tell that you need a new PPM software. When Do You Need a PPM Software? It …

Project portfolio management (PPM) is a minefield for leaders. You need to know its intricacies and read the fine prints closely before going ahead with a strategy. When you hunt for PPM software, you expect it to help manage those numerous projects in your portfolio. However, the software cannot make decisions on your behalf. Just like the autocorrect feature on your smartphone, it will give you possible solutions. It is you who needs to put …

Throughout 2017, from CIOs to academics to media, everyone was excited about AI. The hype went on increasing until an Uber self-driving car caused the death of a woman in Arizona. Just a week before the accident, MIT Technology Review published an article that made an eye-opening enquiry—who is responsible for an AI-led death. In this article at CIO, Client Boulton shares with you 6 challenges of artificial intelligence that you must analyze before adopting …

As a leader, you must be aware of project portfolio management and how you can utilize it to deliver outcomes within time limits and economically. The traditional approach was more about delivering quantity than quality and focused more on risk management and benefits realization. Moreover, it was ill-equipped to figure out optimal benefits from IT portfolios other than cost savings. So, a PPM was not that functional. However, new techniques were added which involved the …

Chief Technology Officers supervise developers in a product or service development process. However, frictions between them and developers occur, and the reason is lack of effective communication, says Qwyit CTO and founder Paul McGough. In this article at TechRepublic, Alison DeNisco Rayome shares the 10 tips that CTOs must give to developers. 10 Ways to Bridge the Gap in Understanding All do not have the same level of skills or understanding in a development team. …