Use Your PMO to Drive 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 face is this ‘strategy-to-reality’ gap –…
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…
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…
Best Practices for Resource Capacity Planning
Resource capacity planning is one of the most commonly cited functions of project portfolio management. Senior leadership rightly wants to understand whether they have adequate resources to take on more project work and whether their existing work will get done on time. Most companies recognize the…
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…
