For project-driven enterprises, strategic project scoring is vital, as it assists in selecting and prioritizing projects based on strategic objectives, resource optimization, and risk management. This structured process enhances decision-making and contributes to sustainable success.
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.
In an earlier article, we explained how programs, projects and portfolios relate to each other, and where they can best start with project portfolio management. What are the benefits for companies?
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 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?
Companies are facing unprecedented challenges due to the digital transformation trend and the endless possibilities it brings. By using different perspectives, initiatives can be evaluated objectively.
Every organization is familiar with it: projects that fail. In this article, we focus on five guidelines to increase the success rate of projects, and how project portfolio management can be useful in that pursuit.
How do we ensure that we do not waste time and money on initiatives that don’t contribute to the strategy? What are two critical factors to get to the essence of project portfolio management?
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.
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.
