portfolio management

Do These 6 Things Before Removing a Project From Your Portfolio

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…

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Use Portfolio Templates to Improve Your Project Process

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…

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5 Perks of a Formal Portfolio Prioritization Process

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),…

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Make Your Project Portfolio Reports More Useful

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…

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How Healthy is Your Project Portfolio?

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…

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Remote Project Management: Keep Your Portfolio Healthy

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…

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Sell Your Executives on Project Portfolio Management

The use of an effective project portfolio management strategy helps organizations ensure they gain maximum value from their project investments. By bringing the entire project pipeline under central control, everyone maintains better awareness of where and when resource consumption is scheduled, how today’s staffing and funding decisions may impact tomorrow’s efforts, and which strategic projects…

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When Every Project is a Priority

As an organization matures and its project portfolio expands, PMs may discover they’re increasingly faced with the need to prioritize the various initiatives that are vying for attention and other resources. It’s a natural progression but project teams often encounter some surprising hurdles as they work to tackle and streamline the process of prioritization. For…

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How Well Are You Delivering Your Projects?

Your company may already measure its success rate at the project level, but do you know how well your team is delivering its projects on a wider scale? If you don’t have a project portfolio methodology in place, you might not be seeing the big picture. When organizations don’t roll their projects up into a…

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Portfolio Management: Bridging Company Strategy and Project Execution

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…

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