Strategy, Leadership, Success.
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 …
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 …
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 …
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 …
Companies can obtain many benefits by adopting Project Portfolio Management. In general, PPM helps companies flourish by allowing them to focus on the most important and strategic projects and programs. In a world that is becoming more and more complex, companies can use Project Portfolio Management to manage the complexity of their portfolios. …
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 …
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 …
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. …
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 …
Managing programs is not as easy as it seems. In fact, there are some aspects that program managers should considered in order to manage programs successfully. Let’s analyze some of the most critical aspects that can support program managers in this tough business. Documenting project activities and tasks Usually, when …
To plan a program you need to plan all projects that compose the program. Developing an effective program plan often requires more than one planning cycle. Feedback and adjustments are important to create a program plan that minimizes interruption and make more efficient all the work that has to be …
Large and complex programs usually have projects with lots of dependencies. Identifying and managing interfaces between projects it is crucial for program success. Identifying project interfaces There can be different types of project interfaces. For instance, let’s imagine that we have two projects that are part of the same program: …
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