PPM 101: Get the Balance Right

[ Login/Subscribe ]

Features

Departments

PPM

Tools

Executive

Resources

About Us

Home > Departments > PMO/EPM

PPM 101: Get the Balance Right
Tom Mochal (July 10, 2008)

Before lamenting a lack of funding and staff to pursue strategic projects, organizations should look at the resources being spent on discretionary enhancements. By including this work in the portfolio, you can better compare and allocate limited resources.

Done right, project portfolio management can do a lot of good for any organization. But it’s not easy, as many companies, large and small, have discovered. In PPM 101, an ongoing series by veteran project management consultant and author Tom Mochal, we focus on the fundamentals for organizations that are just getting started on the PPM path.

Portfolios can be defined to include all types of work. The portfolios that are described most often generally only include project work. These portfolios may also contain some support work, but if they do, it is generally for supporting some components of a large project while the rest of the project is still in progress. This model is commonly referred to as “project portfolio management.”

I believe projects are the foundation for your portfolio, but I also think they are too limiting.

Please login/register to read the entire article.

Sponsored Announcements and Special Offers

Project Management Software That Breaks the Mold - Is your team is struggling under the weight of outdated schedules, multiple spreadsheets, and mountains of email? Get organized, get visibility, and save up to 3 hours a day with LiquidPlanner. Scheduling has never been easier with drag-n-drop prioritization that fits the way YOUR team works. Free for 30 days.

Resource Planning Summit, Sept. 19-21, 2010, La Jolla, CA - Resource Planning is HOT today! Opening Keynoter Mike Hanford, Research Director at Gartner, will describe why, and what firms must do about it. Nine industry speakers will describe the startling results they have achieved. If you have anything to do with resource management, register NOW!

ProjectWorld® & World Congress for Business Analysts® is the premier conference for advancing collaboration through practice. The high level content cannot be found at any other industry event because it stretches far beyond the fundamentals to provide leadership, strategy and enterprise wide information - exactly what you need to be more valuable to yourself and your organization.

Are you ready to gain the highest recognition for a BA and apply the best practices defined in the Business Analysis Body of Knowledge®? Let us help you prepare for Certified Business Analysis Professional® certification with our CBAP® Exam Prep Course. We also provide CBAP® Application Workshops (free webinars) to help you successfully get approved for the CBAP® application.

Are your Business Analysis Skills Current? Business analysis is not just about IT requirements anymore. Organizations are looking for a new breed of professionals to bridge the business and technology gap with value-centric solutions. Develop the fundamental skills and best practices you need to stay ahead of changes in your field with our business analysis training offerings.

@task
BAM! BA Newsletter
BAMentor
IIL
Keller Graduate School
LiquidPlanner
Management Concepts
Microsoft
PM War Stories
PPM Executive Newsletter
Resource Plan Summit '10
RMC Project Mgmt
Stanford University
Walden University

September 2010:

What are the main reasons that projects fall behind schedule?