Helpful resources for today's leaders
To define an effective organizational strategy, companies should always take into consideration all types of risks that may occur at every level of an organization. As risks are part of the company’s strategy they can affect portfolios, programs, and even projects. There are two types of risks: positive and negative. …
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 …
Companies need to work very hard to survive in the fierce business world. Everyday, companies look at their competitors to understand the future trends and take action beforehand. They constantly try to innovate by taking into account their budgets and the risks of their actions. At the same time, market …
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 …
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 …
To deploy strategies, companies need to focus on their business processes in order to reach their goals and create value. The culture of a company is part of its processes as a result of its established values, behaviors, and beliefs. As organizational culture changes over time, companies need to consider …
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 …
Some of the most successful companies in the world are able to create environments their employees love to go, and job seekers desire to work from. Identifying and developing a company culture that is healthy and productive can make a huge impact on an organization’s success. Organizational culture is the …
The strategy of a company is defined by the way an organization decides to compete in its own market. Business strategy gives direction to the organization. To create a competitive advantage and beat the competition, companies need to recognize the competencies they need to reach those goals. Developing strategic objectives …
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. …
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 …
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 …
To develop new products companies can integrate Project Portfolio Management into the Stage-Gate process. This approach works very well for big firms that operate in mature businesses where the portfolio of projects is pretty static. Thanks to this approach, companies can review individual projects and make go/kill decisions on each …
Companies need innovation to increase their market share and profit margin. Thanks to innovation, companies are able to put new successful products on the market. To get the most out of each new product, companies need to deliver them on time. Unfortunately, what usually happens is that most companies have a lot of …
The definition of strategy is a long-term plan of action used to reach a specific goal or a set of objectives. To get the most out of their resources, companies should link strategy and new product resource allocation. In addition, depending on their strategies, companies need to decide whether to …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
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 …
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 …
Organizations need to define a 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 will not only fail …
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. 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 …
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 …
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 …
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 …
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 …
Today, more than ever, organizations need to build products that add higher value to customers and the business. To be more competitive, companies need to develop products in a faster way by reducing costs. To accomplish this goal, organizations can use the Nexus framework, to scale software and product development. …
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 …
In Scrum, the Product Backlog Items are refined, during the activity of “Backlog Refinement”, until they are “Ready” for selection in Sprint Planning. To determine the items that are ready it is important that Scrum teams consider “Definition of Ready”. In fact, the Definition of Ready helps Product Owners to …
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. …
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 …
In a highly competitive and fast-paced environment it is really difficult to manage changes to project scope. For this reason it is important to adopt practices that help companies to adapt to the varying needs of stakeholders. In fact, there are different types of project scheduling methods that support project …
There are companies that use Nexus to scale their software and product development. Nexus is a framework based on Scrum that uses an iterative and incremental approach to develop products. Nexus is based on the Scrum Framework and increases Scrum slightly. Let’s see why Nexus is based on Scrum and …
Many companies in the software industry have to often deal with the concept of “technical debt”. Technical debt is also known as design debt or code debt. Let’s analyze this concept in depth. What is technical debt? Technical debt happens when development teams take actions to expedite the delivery of …
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; …
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 …
Project managers use project schedules to prevent problems. In fact, they help project managers efficiently communicate and collaborate with their teams and stakeholders. Projects managers should use it to ensure the project remains on track. Let’s go a bit deeper to know more about it. What is project schedule? The …
The Nexus framework is based on Scrum. It helps companies to scale software and product development. In fact, it helps organizations to develop products in a faster way by reducing costs. Let’s analyze in depth two Nexus events: Nexus Sprint Review and Retrospective. What is the Nexus Sprint Review? The …
Many Scrum teams use Kanban to organise their project work. In fact, these teams use Kanban as a visual management tool to deliver work faster and more often. Let’s see what is Kanban and how it is evolving over time. What is Kanban? Kanban is a lean method that aims …
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 …
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: …
Even in well-planned projects it could happen that a need for a change arises. In fact, during a project, it can often happen that stakeholders ask for a change request because they want to change the project scope. Let’s see what a change request is and how you can manage …
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 …
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