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Benefits of Social Collaboration

By Tim Washington, Point B The Potential for Social Collaboration Innovation is a hot topic in business right now with an ever growing need for companies to deliver better products and services.  A key ingredient for fostering innovation is enterprise collaboration. Until a few years ago, collaboration was often limited to smaller teams, but this could introduce […]

Government Sector Project Portfolio Management Summary – Infographic

by Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting I have got some exciting news today! My third book “Project Portfolio Management in Theory and Practice: Thirty Case Studies from around the World” has just been released by Auerbach Publications. So, to commemorate this event, I will be publishing a series of infographics dedicated to project […]

Five Uses of a Prioritization Scoring Model

By Tim Washington, Point B Project prioritization is one of the most common topics in portfolio management literature. Within the context of project prioritization is the matter of scoring models because scoring models are the most widely used approach to prioritize projects. Although there are a lot of opinions on the effectiveness of common scoring models, they […]

The Purpose and Goal of Prioritization

By Tim Washington, Point B Prioritization is about focus—where to assign resources and when to start the work. It is not about scoring methods and ranking mechanisms.  Without defining project priorities, it is difficult to effectively distribute personnel to carry out the highest valued projects. Project priorities enable management to assign their employees to the most important projects. Gaylord Wahl […]

Strengthen Talent Management With PPM

By Tim Washington, Point B Is It Just About Talent Acquisition? When people refer to the “war for talent” many discussions center on talent acquisition and try to answer the question “how do we hire the best people?” Although talent acquisition is important, talent development and retention are also very important (you want to keep those great people […]

Dangers Of Relying On Purely Financial Methods When Prioritizing Your Projects

by Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting   There are many different approaches to project prioritization, but the most popular ones are the financial method and the scoring model. In this posting let us examine the financial methodology. In a nutshell it implies choosing some kind of a financial criterion – be it […]

Seven Steps to a Successful Project Portfolio Management Implementation

by Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting A question that I get asked fairly frequently during my consulting or training engagements sounds something like this: We have heard about this “project portfolio management methodology” … How valuable is it and how do we go about implementing it? Considering the number of times […]

PMO as a Service

By Hariharan Ramadoss, COO & Co-Founder, Cloudbyz Program and Project delivery in IT is becoming increasingly complex and challenging with the dispersion of project teams across geographies, multiple vendors, dynamic changes in scope, and stakeholder expectations of faster delivery at lower budgets. PMO function plays a crucial role in managing this complexity and overcoming the […]

Top 10 Project Risks and What to Do About Them

by Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting Here is my favourite definition of risk: Risk is a bad thing that can happen on your project, but you are not entirely sure it will Below you will find a tables 1 and 2 with ten most common risks and ways to address them […]