Sustaining your corporate culture can be a challenge. Companies mature, leadership teams change, and busy workloads make it tough to focus on anything other than daily tasks. With support from an experienced project portfolio management consulting team to ensure your implementation is successful, you can use your portfolio to reinforce your corporate culture and nurture…
Project Management Blog
Remote Capabilities for Project Portfolio Success
February 19, 2021 by
When COVID-19 forced businesses to move their employees to home-based offices, some discovered they didn’t have the right skills and technologies to work efficiently in a remote environment. PMAlliance’s project portfolio management consulting teams have long operated remotely, and we tapped into that experience to help our clients continue to oversee and execute their initiatives…
Project Portfolio Management: Transform Your Data for Better Results
February 12, 2021 by
Implementing a project portfolio brings numerous advantages, but there are some steps your organization should take to ensure you’re able to make the most of those benefits. One key element to portfolio management success is the use of quality data. Your information should be timely and it must also be clean—free of duplicate records and…
Project Portfolio Management: Run These What-If Scenarios
February 5, 2021 by
Partnering with an experienced portfolio management consulting firm to implement a proven portfolio methodology brings many benefits. One primary gain for organizations is the ability to run data-driven what-if scenarios that can help inform the portfolio analysis process and enable better business decisions. Consider these common what-if scenarios that provide valuable insight and empower your…
Can You Answer These Project Finance Questions?
January 29, 2021 by
If there’s one topic project management consultants know their clients hear about often, it’s money. The most common inquiries revolve around how much money each initiative has consumed, but team members also want to confirm how much remains available to move current efforts to completion and sponsors sometimes put out feelers to see if there…
5 Reasons Good Project Data is More Important than Ever
January 22, 2021 by
The use of data to power decisions and shape strategy has long been a foundational component in successful project and portfolio management. From developing task duration estimates to calculating an initiative’s expected return on investment, businesses need access to data they can trust. However, today’s project teams rely even more heavily on up-to-date information than…
Use a Portfolio to Spot These Project Resource Problems
January 15, 2021 by
Estimating and allocating resources is a core component in planning and executing almost any project. Though your team may be well versed in resource management, there are some issues that are difficult to identify at the project level and you could unexpectedly find yourself in trouble. Fortunately, a portfolio view provides project managers and sponsors…
Project Portfolio Management and Advanced Analytics
January 8, 2021 by
A strong project portfolio management strategy includes regular reviews—of risk factors, budget and schedule adherence, resource allocations, and the overall health of the portfolio, just to name a few. Similar reviews may be conducted across individual projects, but widening your perspective to encompass a comprehensive portfolio view enables your organization to do so much more….
Do These 6 Things Before Removing a Project From Your Portfolio
January 4, 2021 by
You should already have a formal mechanism for adding projects to your organization’s portfolio. However, our project management consulting teams have found that some companies don’t follow an established process when a project is removed. It’s common that a project is pulled from the list without a thorough evaluation of the cancelation’s long-term effects. In…
Does Your Project Team Have an Executive Trust Problem?
December 23, 2020 by
Support from your organization’s leadership group is crucial to achieving consistent project success. The influence of those in the C-suite and other high-ranking sponsors ensures your initiatives have the funds and staffing necessary to move ahead and that your projects can ultimately achieve the desired results. But that support is built on trust, and executives…
