Companies don’t always have the necessary tools or the level of project management proficiency in-house to create and maintain accurate project plans. The situation creates plenty of challenges when trying to plan and execute a single project, but if the organization has an entire portfolio—where multiple initiatives are underway at varying stages of completion—the difficulties…
Using a Methodology
Portfolio Management: Bridging Company Strategy and Project Execution
June 13, 2018 by
Unless your company is running only one or perhaps two projects at a time, you’re missing out on some important benefits if you aren’t using a bona fide portfolio management strategy to plan and execute your project activities. An overarching approach that encompasses all of your initiatives not only pays big dividends, it will also…
Benefits of Using a Formal Project Process
April 23, 2018 by
Organizations frequently carry out projects without using any sort of formal project process. This approach may be suitable to get them through small or routine initiatives, where the task list is straightforward and time pressures are minimal. However, trying to make do with an ad hoc strategy when a project is strategically important or when…
Project Software and You
April 20, 2018 by
Project Software and other technology tools drive many business functions—from the routine to the critical—and project management is no different. There are a number of platforms out there to help teams keep track of their project activities. Some systems help with scheduling labor, others with resource allocations, and still others focus on budget adherence. A…
Break Down Your Project Silos
April 17, 2018 by
The silo mentality can be a serious threat to a project. It closes team members off from each other and stifles the flow of information. The ability to make good business decisions, develop resolutions to problems, and even properly identify issues are all diminished if cooperation among cross-functional groups is hampered by organizational project silos….
Is Your Project Management Control Process Working?
March 7, 2017 by
Sometimes it can be difficult to determine how well your Project Team’s project management control process is actually working. Is your team constantly occupied with too many tasks to manage and not enough people to get everything done? Do your projects come in late more often than they’re on time? Are you spending so much energy responding to last-minute problems that you aren’t able to focus on your current tasks? Has the team’s mood started to slip?
6 Ways Project Teams Get Statistics Wrong
May 3, 2016 by
Statistics play an important role in project management. They can justify expenses that are higher than previous projects. They might highlight a problem on the horizon that the organization hasn’t faced before. But project teams sometimes employ statistics in ways that are ineffective. To ensure your data makes the most compelling case possible, consider these…
Lack Of A Formal Approach To Project Management
March 24, 2016 by
Project teams that don’t follow a formalized process often face a host of issues, many of which are interrelated. And while each of the problems that are typically encountered can significantly hamper the team’s ability to successfully execute their projects, the collective havoc they wreak on the project office is greater than the sum of…
