PPM 101 - The Official Guide to Portfolio Communication
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…
PPM 101: Portfolio Planning Drives Strategic Execution
Strategic planning and project planning are common topics, but 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 planning synthesizes what the company or…
PPM 101 - 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…
PPM 101: Benefits Realization and Portfolio Value Management
Next to resource capacity planning, benefits realization is one of the hardest portfolio management processes to get right. Yet, in spite of the challenges, it gets the most buzz of any PPM process. It is a hot topic among Portfolio Managers and PMO leaders and the Project Management Institute.…
What is a Project Portfolio Manager?
A common but misunderstood question related to project portfolio management is “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 theoretical point of view, not based on actual practice. As we will see,…
PPM 101 - Assess Portfolio Maturity In Order To Get There
A portfolio maturity model is a tool to assess the level of sophistication in the processes, tools, and people involved in managing the project portfolio process. Portfolio maturity levels represent the level of sophistication around portfolio management processes, tools, and people. It helps…
PPM 101 - Do You Have a Portfolio Roadmap to Communicate Value?
Project portfolio management (PPM) is about maximizing business value delivery and the portfolio roadmap (or strategic roadmap) helps senior leaders track the delivery of that value. Senior leadership is uniquely responsible for ensuring that projects and programs within the portfolio deliver the…
PPM 101 - Good Project Portfolio Governance Delivers Superior Results
Strong project portfolio governance is the number one success factor for making portfolio management successful. Unfortunately, most companies struggle with governance. In fact, when you hear the word ‘governance’, what comes to mind? Do you think of bureaucracy, lots of meetings with few or no…
PPM 101: The Challenges of Resource Capacity Planning
Resource capacity planning 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, capacity planning sounds simple – compare resource estimates against available time to work. In…