Industry research continues to reveal dismally low project success rates. There are many factors that play into this, and the PMAlliance project management consulting teams see a range of reasons why organizations aren’t delivering projects on time or on budget, or why project outcomes don’t meet expectations. Unfortunately, analyzing the dollars that are lost as…
project management tips
The Failing Project: Know When It’s Time for an Intervention
April 19, 2021 by
Rescuing a troubled project is a difficult undertaking. But sometimes there’s an equally big challenge that must be overcome before you can start developing a strategy to pull a troubled project back to life: Knowing when your project is too far gone for a simple fix. Below are some indicators that your initiative’s problems are…
Can You Answer These Project Finance Questions?
January 29, 2021 by
If there’s one topic project management consultants know their clients hear about often, it’s money. The most common inquiries revolve around how much money each initiative has consumed, but team members also want to confirm how much remains available to move current efforts to completion and sponsors sometimes put out feelers to see if there…
Why You Should Formalize Your Project Intake Process
August 14, 2020 by
With so much attention focused on executing projects, some organizations put too little effort into formulating and strengthening their intake processes. This is a mistake that could end up diminishing the performance of your company’s entire project portfolio. You may be expected to push projects through to completion that are poorly crafted or unsupported, or…
Project Portfolio Management: The Value of Analytics
July 10, 2020 by
Companies that execute more than a handful of initiatives each year have access to tremendous volumes of useful project data. Unfortunately, unless you have a process in place to make sense of all that incoming information, you’re likely to miss the most meaningful metrics. You may not have enough visibility into project performance to know…
Is It Time to Embrace Project Portfolio Management?
July 3, 2020 by
Small companies with only a few active projects may be able to successfully achieve good results without implementing a portfolio management strategy. Their pool of sponsors and executives is limited enough that everyone can likely get together for quick project status reviews, and budgets are monitored closely because funds are so lean that no one’s…
6 Reasons to Involve Executives in Project Portfolio Management
June 25, 2020 by
Managing your organization’s portfolio of upcoming projects while also planning and executing the current batch of initiatives is a challenge. Hectic workloads sometimes lead PMs to avoid involving their executive team in portfolio management activities simply because it seems like yet another layer of complexity in an already packed schedule. But leaving your senior staff…
Remote Project Management: 4 Tips for Successful Virtual Events
May 28, 2020 by
In the virtual world, it can be difficult to maintain engagement around your project. Online events and other digitally accessible activities help keep remote stakeholders interested in what your team is doing and excited about your project’s expected results. Coordinating a presentation for your executive group Using video to show a walk-through of…
Is Your Project Too Big to Succeed?
January 13, 2020 by
We’ve all heard the phrase “too big to fail,” but PMs should also be mindful that some projects could be too big to succeed. That doesn’t mean these monster efforts can’t get to the finish line—they’re often strategically important, and failure is simply not an option. Instead, it means project teams need to take some…
Are Executives Derailing Your Project?
October 23, 2019 by
Your organization’s leadership team plays a vital role in project success. The executives are typically key sponsors of high-visibility initiatives and their participation in moving efforts from concept to reality is crucial. There are times, however, when you may discover that senior staff are standing in the way of progress rather than supporting it. If…
