The steps to create a project portfolio

Studies report that most firms, especially the private ones, are usually focused on increasing their profit over time. Simultaneously, these companies need to achieve their strategic goals by relying on a limited amount of resources. Medium and big organizations generally implement their strategies by executing projects and programs in their …

The meaning of Portfolio

Today, the term portfolio is used in different contexts and has to do mainly with a variety of items and objects. The most common meaning of the portfolio refers to a collection. In addition, the combination of the term portfolio with other words such as “project” and “management” has created …

Benefits of PMOs adopting an Agile approach

The PMO can be considered the new fuel for organizational change. An effective PMO delivers business results. Everything starts with hiring and empowering key people that build successful teams. It is important to create the right culture and to adopt the concept of servant leadership. The Agile approach provides companies …

The importance of engagement in business performance

There are companies that deliver high profits and grow above their industry average. These high-performance organizations obtain these results not by chance but by choice. Their leaders have decided to create a high-performance culture and put in place the ingredients that will contribute to their success. Improving the level of …

How to manage stakeholder expectations and needs

One of the key tasks of project management is to balance the expectations and needs of stakeholders; especially when there are requirements and priorities that may be conflicting or opposing one another. In fact, to implement their strategies successfully, companies need to take into high consideration stakeholders’ needs and concerns. …

How PPM is expanding beyond project-based business

The relevance of Project Portfolio Management is growing beyond the project-based business. As many of us know, projects have become the main way for executing the strategy of an organization. In fact, companies that execute projects that align their objectives with organizational strategy have more chances to be successful over …

How to improve organizational culture with PPM

Project Portfolio Management (PPM) helps companies select the right projects that align with their strategies to achieve their objectives. Thanks to PPM, companies are able to allocate the resources to support those projects. Even if PPM is usually used to improve project success probability and to achieve success, companies need …

How to create a balanced Project Portfolio

Companies can maximize project benefits and minimize overall project risks by balancing project portfolios. Executives have to analyze and balance the portfolio to reach these goals. The objective is to fund worthy efforts in order to produce the highest payback from each investment. A project portfolio can be considered like …

4 Goals for successful innovation

Companies need innovation to increase their market share and profit margin. Innovation helps companies deliver higher value to customers. The process of converting an idea into a product or service allows companies to remain relevant and competitive in their fields. Innovation through projects Companies can decide to innovate by relying on incremental …

How to create a project portfolio

Companies today have a lot of projects they could be working on but a limited amount of resources. Instead of just trying to figure out how to get through as many of them as quickly as possible, organizations can use Project Portfolio Management (PPM) to prioritize those projects. There are …

How companies can innovate

Companies need innovation to increase their market share and profit margin. Innovation helps companies deliver higher value to customers. The process of converting an idea into a product or service allows companies to remain relevant and competitive in their fields. Innovation through projects Companies can decide to innovate by relying …

The right framework to evaluate project proposals

Companies are increasingly using projects to manage most of their activities. Managing single projects can produce a loss of transparency and efficiency of the project outlook. To be more effective, companies need to use a management approach, such as Project Portfolio Management (PPM). PPM is an efficient way to manage …

Leveraging PPM to choose the right projects

Project Portfolio Management has obtained a lot of attention lately. PPM has gained momentum as companies have recognized that organizational efficiency also depends upon doing the right projects. It is more important to choose the right projects than doing the chosen project in the right way. PPM processes Project Portfolio …

How to choose the right projects

Project selection is very important to effectively apply Project Portfolio Management (PPM) . For this reason, it is worth exploring the essential tools and techniques to choose the right projects for the portfolio. It is also useful to say that having an official process to set project priorities could not …

Problems companies face when using PPM

Organizations can benefit from using Project Portfolio Management (PPM) practices. In fact, PPM allows companies to allocate resources, schedule, analyze, and manage projects and business. At the same time, there are problems companies face when using PPM. What type of problems do companies face using PPM? Let’s analyze the three …

How to choose the right project by using PPM

Project Portfolio Management has obtained a lot of attention lately. PPM has gained momentum as companies have recognized that organizational efficiency also depends upon doing the right projects. Basically, it is more important to choose the right project than doing the chosen project in the right way. PPM processes Project …

How is Project Portfolio Management evolving?

Portfolio Management is evolving over time. Today, Portfolio Management goes over the evaluation techniques. It is going towards a more comprehensive managerial approach that explains how to use Project Portfolio Management (PPM). The trend of interest in the field of PPM and strategy topics has increased regularly in the last …

Problems companies face when using PPM

Organizations can benefit from using Project Portfolio Management practices. In fact, PPM allows companies to allocate resources, schedule, analyse, and manage projects and business. At the same time, companies also encounter problems when using PPM. What type of problems companies face in using PPM? Let’s analyze the three main problems …

PPM the logical decision process

Project portfolio management is considered to be a logical decision process. To execute PPM effectively it is important to consider some other aspects. In fact, there are characteristics of PPM that have a great impact on its implementation. Let’s analyze some of the most important assumptions that can have a …

How to manage the complexity of project portfolios

In a world that is becoming more and more complex, companies can use Project Portfolio Management to manage the complexity of their portfolios. In fact, as projects increase in number and size, the complexities and management challenges rise exponentially. Everyday, new market and strategic opportunities can arise. As a result …

What happens to companies that use PPM?

Companies can obtain many benefits by adopting Project Portfolio Management. In general, PPM helps companies to flourish by allowing them to focus on the most important and strategic projects and programs. Let’s analyze what happens to companies that use PPM. How can PPM help companies? PPM is able to deliver …

Portfolio Management is evolving over time

Portfolio Management is evolving over time. Today, Portfolio Management goes over the evaluation techniques. In fact, it is going towards a more comprehensive managerial approach that explains how to use Project Portfolio Management (PPM). Links between levels In many companies, it happens that corporate strategy gets filtered to the portfolio …

PPM and the link to the organization’s strategy

The trend of interest in the field of PPM and strategy topics has increased regularly in the last decades. It is expected to continue to increase in the future. Project Portfolio helps companies to achieve their organizational strategies and objectives. Organizations can use PPM to identify projects and portfolios that …

Breaking down corporate strategy

Organizations need to define a corporate strategy in order to achieve success. Defining a strategy is a critical factor for the future of a company. The right strategy will produce growth, profit, or any other objectives the executives have set. At the same time, an inappropriate strategy not only will …

A strategic tool to produce a competitive advantage

Companies can use projects as a powerful strategic tool to produce a competitive advantage and business value. Unlike the past, projects will become more and more important for driving company’s strategy into new directions. Organizations should use project portfolio planning in order to plan their strategy. Let’s see how to …

How to identify projects for strategy implementation

Strategic management helps companies to innovate their processes and products. Strategy allows organizations to determine the best configuration of systems, processes, products, and resources to reach their objectives. Once a company has chosen its strategy it has to implement it. To implement their strategies companies can use Project Portfolio Management. …

How to effectively execute organizational strategies

Today, companies are constantly under pressure to innovate and grow. To reach these objectives, they need to find an efficient way to implement their strategies.  Organizations execute their strategies through the creation of strategic initiatives. The execution of the organization’s strategies happens through the use of programs and project portfolios. …

How to plan a complex program

As a program is a group of related projects, planning a complex program requires the planning of all projects that compose the program. It is important to have a process in place that helps in planning these projects. Also, it is crucial to periodically analyze each project to make the …

How to achieve organization’s strategic objectives

Interest in project portfolio management has increased during the last few years. it has happened because organizations increasingly need efficient strategy processes to address the challenges in their changing environment. Basically, organizations increasingly need to innovate in order to survive. Project portfolio management allows the coordination of one or more …

How to execute the organization’s strategy

Organizations execute their strategies through the creation of strategic initiatives. The execution of the organization’s strategy happens through the use of programs and project portfolios. Senior management It is important to consider that strategic transformation can only be accomplished when senior management engages deeply in project management. In addition, managerial …

An efficient way to implement company strategy

Today, companies are constantly under pressure to innovate and grow. To reach these objectives they need to find an efficient way to implement their strategies. Nevertheless, in many organizations a gap exists between the development of strategy and its successful implementation. Project Portfolio Management (PPM) contributes to close this gap. …

How to maximize the use of resource

Project portfolio management (PPM) helps companies to obtain and distribute project investment information based on their strategy. It also helps them to maximize the use of resource capacity to deliver their objectives. What is PPM? Project Portfolio management (PPM) is not only about prioritization and the alignment of individual projects; …

A mature portfolio management capability

Project portfolio management allows organizations to identify and bring greater value from strategic project and program investments. When a company has a mature portfolio management capability in place, every project or program team will consider its results as critical for specific organizational strategic goals and objectives. Let’s analyze the importance …

How to support strategic projects and programs

Today’s competition is getting more fierce than ever. In addition, product life cycles are becoming shorter, and never-ending change emphasizes the importance for companies to deliver on strategic intent in the most efficient ways. In fact, it is not acceptable to waste time and money to achieve objectives. Delivering low-quality products is …

Portfolio management can help companies to thrive

Strong portfolio management can help companies to thrive. In fact, project portfolio management ensures that organizations work on the right projects according to their strategies. Project portfolio management is the ability to eliminate silos, obtain awareness, and improve decision making. This is possible because project portfolio management provides portfolio managers …

Make stakeholders positive about their investment

Portfolio management guarantees that organizations can control their project selections as well as their successful completion. In fact, project portfolio management can help ensure that organizations are working on the right projects with the right priorities. Basically, if you are able to demonstrate that all the selected projects support objectives …

How to reach portfolio management maturity

Portfolio management helps organizations to use their resources in order to support the most important and strategic projects and programs. Obtaining portfolio management maturity is a step by step journey. Lots of  companies often think that they have to start from scratch. In reality most of them have already started …

How to support strategic projects and programs

Today’s competition is getting more fierce than ever. In addition, product life cycles are becoming shorter, and never-ending change emphasizes the importance for companies to deliver on strategic intent in the most efficient ways. In fact, it is not acceptable to waste time and money to achieve objectives. Delivering low-quality …

Organizations can reach their strategic goals

How organizations can reach their strategic goals and implement their visions by managing company’s resources effectively? Some companies use strategic portfolio management to make critical choices about which activities to implement to deliver their visions. What is a Strategic Portfolio Management? Strategic Portfolio Management is a process which helps determine …

EVM to execute performance reviews

One of the most important elements of Project Portfolio Management (PPM) is the management of the project pipeline. In fact, Portfolio Managers execute performance reviews of all active projects that are in the pipeline, by using the Earned Value Management (EVM), to determine which projects to continue and which to …

PPM, the link between projects and strategies

Project Portfolio Management (PPM) allows companies to understand how to solve problems. In fact, It provides organizations with reliable information in order to connect the execution of projects to the fulfillment of their strategies. PPM requires an understanding of the relationships between the development of the strategy of a company …

OPM and OPM3, keys to Company Success

Studies report that there is often a gap between strategy and projects in many organizations. Basically, what often happens is that projects do not meet strategic objectives of the company. Organizational project management and its maturity is built on a structure of projects, programs and portfolios moving from a stage …

Different types of projects in portfolio

A classic portfolio of projects contains a balance of different types of projects. The nature of the business of the company will mandate the composition of the portfolio. In general, we can identify three different types of projects: Maintenance projects Enhancement projects Transformation projects Maintenance projects The maintenance projects are …

How to deal with risks in project portfolio

All projects have uncertainty. The objective is to reduce the possible failure in achieving the project’s goals. To do this it is important to consider and evaluate project risks periodically. Status review One of the moments to evaluate risks is during the project status review. The standard review consists of …