Project Management Software versus Portfolio Management Software
The Difference Between Project Management Software and Portfolio Management Software What is the difference between project and portfolio management software? Project Management Offices are looking at these types of software all the time and it is critical to understand the difference. Let’s begin…
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: 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 PMO leaders and regularly covered at events such as Project Management…
Great Project Communication Leads to Successful Outcomes
Introduction to Project Communication Projects are hard enough to manage without issues of poor project communication getting in the way. I’ve always maintained that project communication is job one for the project manager. The project manager who fails to communicate effectively, efficiently…
The Realities of Strategic Execution
The Challenges of Strategic Execution Strategic execution is not easy – in fact, you almost always fail: » 90% of corporate strategies are never implemented » 70% of complex initiatives fail » 67% of projects are either challenged or impaired One of the continuing difficulties executives…
PPM 101: How To Create A Successful Work Intake Process
Work Intake - The Front Door 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 requests is a common problem for many companies…
Why Is Strategy Delivery So Hard?
The Challenge Recent studies¹ indicate that strategy implementation fails a stunning 50 to 90 percent of the time. For executives who are pressed to deliver value for their organizations and shareholders, those odds are unacceptable. Why is strategy delivery so difficult? What makes the odds of…
Use Your PMO to Drive Business Results
Today's Perspective As competitive pressures increase, the imperative to invest wisely and to ensure those investments come to fruition also increase. Having a clear view into your portfolio of business initiatives and an effective way of allocating budget and resources to each can yield…
The Value Gap of Today's PPM Software Is Worse Than You Think
PPM Software Challenges The vast majority of project portfolio management (PPM) software utilizes a traditional licensing model and is expensive relative to the value customers get from the software. There has been little innovation in the licensing model for PPM software since 2008 (when…
An Evolutionary PMO Improvement: Software with Services
PMO Failure Rate (a lack of PPM software with services) The success rate for most project organizations (PMO’s) is not promising. According to Gartner, the majority of PMO’s fail within three years. There are a number of factors that contribute to this failure rate: poorly set up PMO’s, inadequate…