When data from individual projects is rolled up to the portfolio level, any issues with the integrity of that information—its age, its completeness, or its accuracy—are magnified. Project data built on subjective metrics is also an area that can generate questionable portfolio insights. People who pad their budget forecasts because they’re worried about contentious financial…
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Take Control of Your Project Portfolio Now
October 2, 2020 by
Project portfolios risk becoming ungainly and cumbersome, especially if they aren’t carefully curated and reviewed on a regular basis. If other activities have been consuming your time and your portfolio has grown into a gangly mess as a result, it’s time to regain control. You can quickly begin to evaluate your portfolio—its scope and health,…
Remote Project Management: Keep Your Portfolio Healthy
May 21, 2020 by
Portfolio management isn’t always the first thing project teams think about when shifting to a remote work structure, but it’s crucial that PMs maintain good awareness of the organization’s broader portfolio during times of transition. Driving productive conversations to enable that awareness, however, can be daunting when business leaders are working from home (WFH) or…
5 Reasons Project Sponsors Go Dark
March 2, 2020 by
Your project sponsors are key to getting initiatives approved, planned, and executed. Without them your project may not receive enough funding to become a reality, and even if it did there’s a chance you’d encounter some show-stopping obstacles along the way. Fortunately, sponsors are usually eager to help get a project off the ground and…
Why Project Teams Work Without a Master Plan
February 6, 2020 by
Though some teams wouldn’t consider starting a project without a workable and realistic master plan, other groups routinely begin executing tasks before their overall strategy has been finalized and communicated. For PMs wondering why a project team would start work before having a high-level plan in place, the reasons can often be traced to a…
Resolve Your Project Priority Conflicts
August 26, 2019 by
For a project to reach a successful completion, the entire team needs to be on same page. Creating a cohesive environment takes work and prior planning, particularly when the project is complex or when it involves stakeholders from multiple functional areas. While it isn’t unusual to encounter a range of opinions and preferences when so…
What’s Stopping You from Adding Agile to Your Project Mix?
July 16, 2019 by
More companies are considering adding Agile to their project management strategy, and for good reason. Given the increasingly quick pace of business today, a blended approach can bring valuable flexibility to complex efforts. Teams are better able to incorporate testing or iterative releases, for example—activities that are sometimes difficult to forecast or schedule a long…
The Importance of Culture in Project Management Success
July 8, 2019 by
Every organization has a unique company culture. Even a business that appears very similar to others in the marketplace has its own blend of corporate values, maturity, and personality that set it apart. Culture wields wide influence, from shaping the company’s workforce to determining how collaborations are formed. Company culture also has a heavy hand…
4 Signs Your Project Team Needs Better Training
July 3, 2019 by
Issues that are of immediate importance consume much of a PM’s time. This is especially true when the schedule is busy with active projects and additional initiatives are waiting in the wings to launch. Near-term problems such as schedule delays and funding concerns are just a few of the items vying for attention. As a…
3 Benefits of an Accurate Project Portfolio View
July 25, 2018 by
If your company hasn’t yet implemented a solid project portfolio methodology, you may not be getting the most out of your project investments. You might be missing important data points, trends, risks, and opportunities simply because you don’t have the insight you need to spot them. You may also recognize your organization could be doing…
