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…
Project Portfolio
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…
Sell Your Executives on Project Portfolio Management
December 5, 2019 by
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…
Uncertainty and Project Portfolio Management
October 7, 2019 by
It’s not uncommon for individual projects to encounter uncertain circumstances. Short-term hiccups could delay equipment or material deliveries, or an unexpected contraction in the company’s workforce could temporarily put a project’s scope or timeline into question. In addition to addressing these acute issues for active initiatives, PMs must also manage the potential impacts of uncertainty…
Use Your Project Portfolio to Improve Your Workforce
October 25, 2018 by
Managing your organization’s human capital assets is an ongoing task. Most businesses see their needs change over time, from increasing the size of the workforce to tapping new types of talent. For PMs, keeping the internal skills in tune with the company’s needs can be a challenge, but it contributes greatly to your project portfolio…
When Every Project is a Priority
September 6, 2018 by
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…
6 Things Executives Want to Know About the Project Portfolio
August 18, 2018 by
Think a project portfolio management methodology is only useful to your project team? Think again. Broad awareness into the company’s active projects, along with those initiatives that are still in the planning pipeline, offers tremendous benefits to executives and other senior decision makers. The amount of information that can be gathered and analyzed across the…
3 Benefits of an Accurate Project Portfolio View
July 25, 2018 by
If your company hasn’t yet implemented a solid project portfolio methodology, you may not be getting the most out of your project investments. You might be missing important data points, trends, risks, and opportunities simply because you don’t have the insight you need to spot them. You may also recognize your organization could be doing…
