Have you encountered a proposed project plan that wasn’t considered credible, either by the project team itself or by the organization’s sponsors and executives? Developing workable plans when funding is lean, time is tight, and your group is already buried in other projects can leave you in a precarious spot. But though gathering the right…
Project Management Blog
5 Perks of a Formal Portfolio Prioritization Process
September 11, 2020 by
You may already rank the projects within your company’s portfolio. But do you have an established methodology around the process that’s followed every time, no matter who’s sponsoring the effort or which project manager is reviewing it? If your portfolio’s priorities are determined through an informal or ad hoc process (or no process at all),…
Make Your Project Portfolio Reports More Useful
September 4, 2020 by
You likely have some sort of project portfolio reporting process in place already, but are you staying in tune with the changing needs of both high-level sponsors and frontline team members? Maybe your portfolio is evolving to encompass more initiatives, or to include projects with greater complexity or that are more closely tied to the…
Use Categories to Increase Insight into Your Project Portfolio
August 29, 2020 by
Project portfolio reviews require processing a lot of information and PMs are always looking for ways to streamline the process. One strategy that can make portfolio reviews more useful and effective is to assign a category to every initiative. When projects are tagged with multiple categories, you can define the filter to fit the needs…
Supercharge Your Project Portfolio Review Process
August 21, 2020 by
You don’t want your portfolio review exercises to become a lesson in inefficiency. Many PMs can recall sessions where executives and sponsors have engaged in all the same discussions, raised the same points for and against certain projects, and pored over so much data that no one felt they had a truly good handle on…
Why You Should Formalize Your Project Intake Process
August 14, 2020 by
With so much attention focused on executing projects, some organizations put too little effort into formulating and strengthening their intake processes. This is a mistake that could end up diminishing the performance of your company’s entire project portfolio. You may be expected to push projects through to completion that are poorly crafted or unsupported, or…
How Healthy is Your Project Portfolio?
August 7, 2020 by
Building a healthy project portfolio is about more than successfully executing individual projects. Keeping your portfolio in good condition also requires consistent performance that delivers optimal results, gives your business the best return on its investments, and efficiently limits the impacts from any complications or risks. Many organizations don’t have the controls or data analysis…
Don’t Make These 4 Project Portfolio Management Mistakes
July 31, 2020 by
Managing a portfolio of projects, whether it’s a limited group of just a few important initiatives or an ever-evolving train of linked strategic ventures, requires careful attention. It can be difficult for a company to carve out the time and assign the resources to properly manage their portfolio, but without the right methodology and expertise…
Project Portfolio Management: Avoid Bad Data’s Domino Effects
July 24, 2020 by
Information is one of your organization’s most important assets. But if you oversee projects of any size, you know that you don’t just need information—you need good data to make the right decisions and ensure optimal results. Using information that’s inaccurate, out of date, incomplete, or duplicative can trigger a series of unwanted domino effects…
Remote Project Management: How’s Your Productivity?
July 17, 2020 by
Embracing a remote work structure requires a culture shift for employees as well as leaders, but one area where project teams may experience challenges is around productivity. Measuring and evaluating productivity levels can seem more difficult in a work-from-home environment. Team members don’t want managers constantly looking over their shoulders, but the senior staff has…
