Project relations or project dependencies. What’s in a name? Well, there is quite a difference and although one can argue it depends on the semantics you give the wording, we’d like to take you through the difference between the two terms and the relation with project portfolio management.
It is no surprise that companies respond forcefully to the COVID-19 crisis as strategic priorities are changing. Difficult decisions need to be made, quickly and with little visibility into the future. The following three tips can help you to effectively deliver the project portfolio in a COVID-19 world.
020 has started and the question arises: how do you make sure that the plan is implemented as planned? How do you keep an overview, where do you get your information from and how do you manage it to bring it alive? Or, how do you make sure you adjust your plan on time if there are new developments that require change of course?
How do you ensure that everyone in your organization understands what the strategy actually means to them? Various frameworks have been developed to make that translation, such as Hoshin Kanri, OKR and OGSM. In this article we will discuss the OGSM framework and how project portfolio management is linked to it.
The decision to implement a project portfolio management application should be supported by a business case, like any other project: what is the return on investment (ROI) of a ppm tool? What are the benefits and how do you transform these into financials? According to a Forrester study, the ROI of a project portfolio management application can be as high as 250%. We discuss four benefits to include in the business case.
To be sure that an application meets the needs of your organization, more is needed than a few conversations and a short demo. A Proof of Concept (PoC) can offer a solution: a way to easily discover the software before you make a purchase decision. But how do you ensure that a PoC is successful? Here are five tips.
Organizations are always in motion. As long as the changes lead to the desired outcome, all fine but many companies struggle with this challenge. In the Bizztracker model we use three pillars to steer changes in the right direction.
Project portfolio management, or selecting the right projects, is an art. But: which project portfolio management application should you select? And: what should you pay attention to?
Many organizations are preparing the budgets for 2020. Which projects are we going to implement ? But is the annual budget cycle actually compatible with effective project portfolio management? We give you four tips to combine the best of both worlds.
The digital transformation is still seen by many as a buzzword, but let us be very clear: technological developments such as Artificial Intelligence (AI), Augmented Reality (AR) and robotics means that many business processes will be automated in the coming years. These developments will trigger a shock in many sectors. How should business leaders deal with digital transformation?
