Why is the maturity of project prioritisation quite low? What are the hurdles to get started or to improve the prioritisation process? And what is the way forward?
“Isn’t it just a new buzz word instead of something new?” Is there really a difference between strategic portfolio management and project portfolio management?
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 contributes to sustainable success.
Project relations or project dependencies. What’s in a name? 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.
eople often find change scary, which make them resistant to it. To make project portfolio management successful, it is important that employees understand the goal and added value of ppm. Therefore we present six ways in which management can support in this.
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.
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?
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.
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?
In the average organization many projects are happening at the same time making it a challenge to keep your eyes on the big picture. How do you know that you are doing the right things? In this article we explain how you get started with project portfolio management.
Understanding the difference between projects, programs and portfolios is key to get started with project portfolio management. But also how they are linked. Dive into the definitions to have a clear picture.
Strategy determines the course of every company: where do we want to go? Many organisations find this a complex matter. Project portfolio management can offer a solution. With these four tips, every organisation can bridge the gap between strategy and execution.
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.