Managing Resource Capacity
Managing resource capacity is a critical function of portfolio management. Organizations commonly want to understand resource availability because every company has a limited number of people. On paper, managing resource capacity sounds simple – compare resource estimates against available time to…
The Complete Guide to the Project Management Office
In this complete guide to the Project Management Office (PMO) we will break down in detail the difference between a PMO and an EPMO. In order to do this, we will go in-depth to review what a PMO is, what it does, what the benefits are, and PMO frameworks. From there we will cover what an Enterprise…
What is a Project Portfolio Manager?
The Portfolio Manager role is commonly misunderstood related to project and portfolio management. In this article we will answer the questions, “what is a Project Portfolio Manager?” and “what does a Project Portfolio Manager do”? Most articles get this wrong because it is discussed from a…
Portfolio Risk Management
Portfolio risk management enables organizations to protect portfolio investments and balance the level of risk in the portfolio. Organizations focused on improving their portfolio management discipline will be in a position to begin portfolio risk management after they have established work intake…
Project Portfolio Optimization
Introduction to Project Portfolio Optimization Project portfolio optimization offers the promise of generating and delivering the maximum possible business value from the company’s project portfolio. By using data and advanced analysis techniques, organizations can often generate more business…
How To Create A Successful Work Intake Process
Work intake is a critical success factor for project portfolio management. Does your organization have a “single entry” for new project requests? Or rather, does your organization have a front door, a side door, a back door, and many other ways to receive requests? Having multiple ways to submit…
Why is Project Prioritization Important?
Project Prioritization is About Maximizing Value Project prioritization (and by extension, portfolio management) is about delivering the maximum value possible through programs and projects. In order to maximize value delivery, governance teams that approve work need to share a common view of…
Portfolio Planning Drives Strategic Execution
Portfolio planning drives strategic execution, but when compared to strategic planning and project planning, very few companies do an adequate job of portfolio planning. Project portfolio management is about strategic execution with the goal of maximizing business value delivery. Successful…
Portfolio Communication-The Official Guide
Portfolio communication is the real heartbeat of project portfolio management. Strong communication keeps the organization aligned on what is most important. This thought is exemplified by Patrick Lencioni’s classic quote, “If you could get all the people in an organization rowing in the same…
Project Portfolio Decision Gate Framework
A project portfolio decision gate framework is a governance structure to evaluate, authorize, and monitor projects as they pass through the project lifecycle and is a critical component of project selection and portfolio oversight. In the previous post we discussed the work intake process which…
