project portfolio management

5 Risks of Subjective Project Portfolio Data

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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Portfolio Management: What if All Your Projects are High Risk?

Does your portfolio seem to be full of nothing but high-risk, can’t-fail projects? You aren’t alone. Our project portfolio management consulting services include working with clients concerned their portfolios are risk heavy. But a thorough evaluation may reveal you aren’t as overwhelmed with risk as you think. Instead, the methodology used to measure and review…

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Project Kick-Off Meetings: Executives

Project kick-off meetings are filled with excitement and enthusiasm – everyone is eager to get the new initiative underway and the anticipation of reaping the project’s rewards energizes your team as well as your stakeholders. But kick-off meetings with the executive group can sometimes lead to unexpected challenges. They may ask for changes to your…

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5 Ways Consistency Contributes to Project Success

Executing just one project successfully can sometimes be a challenge. As a trusted project management consulting partner for businesses in a number of sectors, we know that driving a rolling list of projects to successful completions is even more demanding. It requires strong skills, full buy-in from the entire project team, unfailing support from sponsors,…

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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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Take Control of Your Project Portfolio Now

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,…

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Avoid the Perils of Excess Project Resources

Can project teams really get too much of a good thing? Sometimes they can if the surplus isn’t managed well. If you’ve experienced unexpected project challenges when funding, labor, or other resources are freely available, you know how frustrating this can be. Most project managers are more accustomed to fighting tooth and nail for money…

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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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Use Categories to Increase Insight into Your Project Portfolio

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…

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Don’t Make These 4 Project Portfolio Management Mistakes

Managing a portfolio of projects, whether it’s a limited group of just a few important initiatives or an ever-evolving train of linked strategic ventures, requires careful attention. It can be difficult for a company to carve out the time and assign the resources to properly manage their portfolio, but without the right methodology and expertise…

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Project Experience

Experience
Portfolio Management
Successful portfolio management calls for exceptional data management skills and diligent oversight across multiple efforts.
Experience
Manufacturing
Demanding, time sensitive, and finely tuned, manufacturing projects require close attention and experienced oversight.
Experience
IT Projects
Organizations must be able to successfully execute challenging and highly visible technology projects to maximize revenue.
Experience
Power Plants
Power Plants must be able to keep these vital infrastructure assets current, efficient, and economically positive.
Experience
Energy
High-profile hurdles and expensive risks of failure make these projects critical to manage properly from the very beginning.
Experience
Aerospace
Presents complexities at nearly every stage, from allocating resources to controlling schedule variances, or clearing regulatory & safety hurdles.
Experience
Cross-Functional
Ensuring team members are able to move outside the silos of their department or discipline is the key to achieving success.
Experience
Product Dev
Design and other early-stage activities must be carefully orchestrated while maintaining visibility on future impacts and resource needs.
Experience
Mergers & Acquisitions
Among the riskiest and most strategically important initiatives a company can undertake, and their outcomes can make or break the business.
Experience
Finance & Insurance
Technology implementations call for the right level of planning detail and diligent oversight.
Experience
ERP & SAP
An ERP implementation can be among the most disruptive and strategically important initiative an organization can undertake.