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Projects@Work
(November 23, 2009)
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Recovery or no recovery, if organizations don’t choose the right projects and bring them to fruition, they’ll continue to suffer. And that selection process must include capturing ideas and leveraging the resources you already have. The author of a new book on strategic portfolio management summarizes 10 steps to revitalize PPM processes and improve performance.
In an age of scarce customers and scarcer resources, performance is everything. Organizations must have the right strategy, supported by the right projects, brought to fruition through the right processes. But if yours is like many companies, your current struggles may very well boil down to a dearth of effective strategies for project and portfolio management, says Simon Moore, author of Strategic Project Portfolio Management: Enabling a Productive Organization (Wiley, 2009). And by simply closing this gap, you can become more productive right now — when you need it most.
Moore, who has served as a strategic consultant to firms in the technology, retail and financial industries, knows first-hand that PPM can be a challenge for many organizations, especially as technology and theory are constantly evolving.
“That’s why it’s important to remember that at its core I[PPM is] all about capturing ideas, aligning them with the strategic goals of the organization, and putting them into action,” Moore says.
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