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…
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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…
