Portfolios - Approaches http://www.projectmanagement.com/Portfolios/Approaches// Copyright: (C) 2013 ProjectManagement.com Sat, 18 May 2013 18:05:12 GMT http://www.projectmanagement.com/design/logo.gif http://www.projectmanagement.com/Portfolios/Approaches/ With the ever increasing use of technology, how are processes impacted? Our writer feels that technology should be an overlay to the process work--we should start with a solid process and then look for ways that technology could make life easier in the execution of the process. But a colleague doesn't agree... http://www.projectmanagement.com//articles//278601/Should-Technology-and-Process-Coexist- Mon, 06 May 2013 04:00:00 GMT Organizations that take project governance for granted are headed for a fall. There is one area where governance seems to be failing in many organizations, and it's perhaps surprising--the PMO. That is incredibly dangerous, and here's why... http://www.projectmanagement.com//articles//278378/The-Problem-with-PMOs-and-Governance Mon, 29 Apr 2013 04:00:00 GMT One of the primary roles of the PMO is to provide a framework for ensuring proper governance over projects. Here we look at some of the obstacles and challenges facing the PMO governance function--and some tips for overcoming them. http://www.projectmanagement.com//articles//277985/Project-Governance--Overcoming-Obstacles Mon, 01 Apr 2013 04:00:00 GMT The PMO must have an easy time of annual planning, right? It's a service function that provides resources based on the overall project portfolio, and the organization determines which projects to approve. Based on those decisions, the PMO knows how it needs to adjust its resource model. But life's not quite that simple... http://www.projectmanagement.com//articles//277649/Annual-Planning-in-the-PMO Thu, 21 Mar 2013 04:00:00 GMT Call it application sprawl, application bloat or whatever you like, most companies that rely on applications could use a good old-fashioned spring cleaning to reassess and determine which apps in a company's portfolio provide unequivocal value and which should make a polite exit. http://www.projectmanagement.com//articles//277765/Spring-Cleaning-of-Applications Thu, 21 Mar 2013 04:00:00 GMT Whatever the approach, mandate or processes adopted by each organization, you as the PM should be aware of the following best practices and ensure that they are adopted in one way or the other to guarantee your project's financial transparency. http://www.projectmanagement.com//articles//277143/Project-Finance--The-Project-Managers-Role Mon, 04 Mar 2013 05:00:00 GMT The value of PPM and the priorities people place within it have seen drastic changes to go along with the dynamism of the world over the last five years. Optimal realization of portfolio ROI is now a must just to simply stay alive, whereas before it was often just treated as a nice idea that a company could do to improve its business success. http://www.projectmanagement.com//articles//276640/Project-Portfolio-Management--Real-World-Observations Mon, 07 Jan 2013 05:00:00 GMT As 2012 starts to become a distant memory and companies begin implementing their 2013 plans, one CEO has spent some time reflecting on the PPM trends of 2012 and how they will continue, amplify or decrease into the new year. http://www.projectmanagement.com//articles//276577/PPM-in-2013--Consolidation--Change-and-Collaboration Wed, 02 Jan 2013 05:00:00 GMT We've looked at the project selection process from the vantage point of an idea submitter. Now we will look at the process from the perspective of the decision makers--who are often left equally frustrated and confused. http://www.projectmanagement.com//articles//275662/A-Tale-of-Two-Perspectives--Part-2- Wed, 31 Oct 2012 04:00:00 GMT Some managers view PPM as nothing more than high-level project management--a service function rather than a strategic support function. But PPM is more than just project management with bigger numbers. http://www.projectmanagement.com//articles//275644/The-Value-Adds-of-Portfolio-Management Mon, 29 Oct 2012 04:00:00 GMT The common challenge with EPPM is that it can be perceived as a loss of control for executives and for project managers. It can also be perceived as added work for those who need to support the philosophy. This article discusses ideas for communicating value at all levels of the organization to achieve buy in, preparation and adoption of PPM concepts, processes and tools--and the skills to implement them. http://www.projectmanagement.com//articles//275534/Committing-to-the-Value-of-PPM Mon, 22 Oct 2012 04:00:00 GMT What is portfolio management supposed to deliver? The answer for many organizations is that it is a consolidated function that aims to provide a high-level management function of the initiatives that are underway or upcoming. But from one expert's perspective, PPM is not about managing projects or even programs. In fact, PPM is not about delivering projects...no really, it isn't! http://www.projectmanagement.com//articles//275328/The-Real-Role-of-PPM Mon, 08 Oct 2012 04:00:00 GMT Many organizations find the process of managing their portfolio of projects extremely painful. But does it have to be like that? Perhaps a return to basics is needed. Could it be that the intellectualization of the PPM process has muddied the waters a bit? http://www.projectmanagement.com//articles//275219/Project-Portfolio-Management--Back-to-Basics Mon, 01 Oct 2012 04:00:00 GMT It's inevitable--organizations will change the way that planning cycles are executed. For many organizations, this is a natural extension of the commitments that they are already making--EPMOs, strong and executive supported portfolio management, and results-focused execution. For others, this is a major shift. Here we explore some of the ways that annual planning can be improved. http://www.projectmanagement.com//articles//274854/The-Evolution-of-Annual-Planning Mon, 10 Sep 2012 04:00:00 GMT Adoption of LEED standards is typically framed as a means of reducing operating costs; the greater expense in designing and building sustainable facilities is offset by reduced energy consumption in future years. This becomes a theoretically easy business case that should be readily accepted: an investment in current periods providing future savings in costs. The challenge, however, is two-fold: it requires foresight and a willingness to invest in the long term, and there needs to be confidence that the promised benefits are realistic and attainable. http://www.projectmanagement.com//articles//274570/Finding-Green-in-Our-Projects Mon, 20 Aug 2012 04:00:00 GMT More than ever before, CIOs need to be extremely nimble and adaptable. They need to find ways to stay aligned with the business while doing more with less, and create scenario-based business plans and supporting budgets. Here are some tips on producing a flexible budget to management that focuses on aligning spending to economic realities and probable possibilities. http://www.projectmanagement.com//articles//274135/2013-IT-Budgets--New-Horizon-or-More-of-the-Same- Thu, 19 Jul 2012 04:00:00 GMT There are benefits from a matrixed organization that apply both to the individual and to the group. In the world of project management where matrixed organizations are becoming the norm, it is important for practitioners to understand the benefits in order to capitalize on them--and make working on projects more enjoyable for everyone involved. http://www.projectmanagement.com//articles//273750/The-Strength-of-the-Matrix Mon, 09 Jul 2012 04:00:00 GMT Just like their are multiple successful PMO models, there is no single right model for a leader--but there are some common themes. What's the best skill set, personality and experience mix to lead a PMO? Here we try and build a profile for a PMO leader, look at how different strengths and opportunities affect the PMO and match skills with structures. http://www.projectmanagement.com//articles//273561/Who-Should-Lead-the-PMO- Wed, 06 Jun 2012 04:00:00 GMT While working for a small firm, a new PM was asked to go to a major company to help them integrate their IT PMOs...leading to the worst three months of his career. As his two-part article concludes, we find out if if there was truly a light at the end of the tunnel--or just a train coming the other way. http://www.projectmanagement.com//articles//272961/The-PMO-Integration-Problem--Part-2- Mon, 23 Apr 2012 04:00:00 GMT For anyone thinking about or faced with implementing a PPM tool, here are some tips to keep in mind to help you wade through the sometimes problematic process. http://www.projectmanagement.com//articles//270498/Avoiding-Automated-Chaos Tue, 21 Feb 2012 05:00:00 GMT Those with solid agile project management experience and knowledge--coupled with an entrepreneurial vision to see the trends and navigate incubating startups to launch--are poised to take great advantage both monetarily and professionally in years to come. http://www.projectmanagement.com//articles//270467/The-Business-of-Agile--Managing-a-Startup-from-Conception-to-Inception Mon, 13 Feb 2012 05:00:00 GMT One of the unsung PMO functions is managing risk. There are a lot of aspects of risk management where the PMO can provide tangible support to project managers in their endeavors. In this article, we explore some of that support in terms of identification, analysis and response. http://www.projectmanagement.com//articles//269715/PMO-Risk-Management Mon, 16 Jan 2012 05:00:00 GMT Doing more with less people, less tools and less funding has become the norm--and 2012 doesn't look to be much different. How can you continue to service a growing backlog of project requests in the face of static or shrinking budgets and a dwindling pool of project professionals? Believe it or not, there are things that can be done and ways to keep progress moving forward. Here are 10 tips you might find useful. http://www.projectmanagement.com//articles//269448/Shoestring-PM--Getting-the-Job-Done-with-Less-Money Tue, 03 Jan 2012 05:00:00 GMT So much for 2011 being the year of recovery. Next year should be much like the last. Some recent developments may impact your success as a CIO. What trends are likely to impact your organization from an IT perspective? What strategies and actions will yield the best outcomes for CIOs and their companies? http://www.projectmanagement.com//articles//268523/2012-CIO-Survival-Guide--Where-Do-We-Go-From-Here- Tue, 13 Dec 2011 05:00:00 GMT What does the future hold for project management? What trends and concepts will shape project management tools, methods and practices in 2012 and beyond? For one writer, the answer seems clear. Here, we look at the environment that will influence projects, and the three takeaways we should be aware of heading into the new year. http://www.projectmanagement.com//articles//268524/The-PM-Crystal-Ball Mon, 05 Dec 2011 05:00:00 GMT What is the business value of agile project management for creating new products and services? What are the costs and benefits--or what is the ROI of agile project management? Has anyone ever measured the benefits? If so, what are the results? Furthermore, is there a measurable difference between agile and traditional project management? Some studies shed light on these crucial questions. http://www.projectmanagement.com//articles//267471/Agile-Business-Value Wed, 05 Oct 2011 04:00:00 GMT Iterations are too long. Stories are humongous. Everyone is multitasking. The product owner is not available enough. This is a rich, problem-solving environment--the project has a ton of problems. You know you can help the team fix these issues, but you just have one problem: Where do you start? http://www.projectmanagement.com//articles//266840/What-s-an-Agile-PM-to-Do- Tue, 06 Sep 2011 04:00:00 GMT