As part of our project portfolio management consulting work, we’ve seen time and again that the implementation of portfolio templates can deliver big benefits. However, many organizations haven’t yet tapped into the full potential of the template approach. Some businesses aren’t sure how portfolio templates might work in their environments. Others fear that creating even…
Projects
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),…
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…
6 Strategies to Manage Low-Priority Projects
November 4, 2019 by
It’s important that PMs regularly assess their organization’s entire project portfolio. Recurring reviews enable them to ensure each initiative is properly prioritized against the business’s needs and available project management support, and that any opportunities to share resources or consolidate workloads across projects have been identified and evaluated. But when time is short, you want…
Parachute Project? Do Not Panic!
September 21, 2018 by
A parachute project can rattle even the most efficient and experienced project teams. These initiatives—which often come out of nowhere and drop into the heart of a schedule that’s already busy—can throw everything off balance. They may be triggered by a variety of events, from the announcement of a new regulatory requirement to a competitor’s…
