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 –…
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…
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…
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…
Assess Portfolio Maturity Early and Often
Portfolio maturity levels represent the level of sophistication around portfolio management processes, tools, and people. It helps identify shortcomings in PPM processes (current state) and can be used to establish improvement goals to reach a better future state. A portfolio maturity model is a…
Strong Project Portfolio Governance Delivers 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: What Is Project Portfolio Management?
What is Project Portfolio Management (PPM)? Project portfolio management (hereafter referred to as “PPM”) is a critical component for executives and senior managers to execute strategy. According to Mark Morgan, “there is simply no path to executing strategy other than the one that runs through…
How Artificial Intelligence (AI) Will Change Project Portfolio Management
There is no question that we are in the midst of radical changes to our workplace and society due to the mainstream emergence of Artificial Intelligence (AI) and Machine Learning (ML). Experts have been predicting for several years how AI will change the way we work. With the public arrival of…
