Prioritizing activities and ideas, allocating resources and providing transparency to align initiatives with strategic and business goals.
Case studies, research, best practices, lessons learned, insights and advice.
Project selection is a widespread challenge that requires a single point of accountability — ideally, a strategic project management office — that can provide the infrastructure and information support necessary to execute a ‘whole portfolio’ approach that is flexible and adaptable to ever-changing needs.
The most effective project portfolio planning brings IT managers and business leaders together to prioritize, scope and staff initiatives as a single team with common goals. In doing so, the process fosters better working relationships — and provides a roadmap for delivering value to the organization.
Some organizations try to streamline the process of developing business cases and end up missing great opportunities. But turning ideas into realistic, executable plans should, in fact, be a complex journey, from screening to rationalization to approval. Here are essential steps to make the time and effort worthwhile.
An organization’s ability to achieve its goals is dependent on many things, but nothing is more critical than selecting the right projects to deliver those goals, and that means you need the best candidates. How do you maximize the chances of that happening? Start with the ideas.
Practical, applicable checklists, guidelines, frameworks, templates and tools.
By bridging strategy with project and portfolio management, integrated roadmaps help organizations make decisions that align with long-term goals and deliver more significant innovation, from NPD to IT efforts. This five-step guide to building a roadmap covers needs and drivers, products and capabilities, delivery gaps, and resource opportunities.
This document helps leaders of strategic initiatives to realize benefits, work with stakeholders and teams, and align efforts with the portfolio and business objectives. It is not a tactical checklist but a “thinking prompt” for considering relevant items during project background, initiation/planning, execution and handoff. Refer to it on a regular basis as issues arise and circumstances change.
Before implementing a Project Portfolio Management (PPM) solution, expectations, support and staffing must be addressed. Here are guidelines based on six key questions that can help ensure your rollout is not only successful but improves alignment and delivers benefits across the organization.
The Project Portfolio Management Software Evaluation tool has been developed to support individuals in evaluating and selecting a portfolio management tool that is appropriate for their organizations. The tool provides a comprehensive set of dimensions that represent the attributes that organizations should take into consideration when selecting a PPM software package.
Thought-leaders and practitioners share their experiences and techniques.
There is no secret formula to project success, but the infamous flop of The Coca-Cola Company’s 1985 introduction of the “new Coke” offers a timeless case study in misunderstanding the end-user. It’s a lesson that project managers, product development teams and portfolio directors should all keep in mind as they balance expectations, risks and strategic goals. [4:40]
Some organizations have the latest and greatest software for prioritizing projects; some don’t. A project management veteran who helped start her credit card company’s PMO from scratch shares her experiences in meeting the challenges. [8 min.]
When you're close to a project, it can be difficult to objectively gauge the strategic impact and risks involved. Miller Brewing Co.'s director of strategic projects shares her insights on setting project priorities and building the business case justification. The challenge is to clearly define the quantifiable benefits while also recognizing the qualitative or soft benefits. [7 min., 30 sec.]
Two seasoned project management professionals share their real-world insights on 1) how to create a project management office to develop and instill a consistent project management approach, and 2) the role of project portfolio management in maintaining a successful PMO. [17 min.]