Key Metrics for Application Portfolio Management (APM)

Application Portfolio Management (APM) is a framework for managing applications in enterprise. APM provides an inventory of an organization’s software applications and software-based services as well as metrics showing the business benefits of each application. Metrics can provide information from various perspective such as business , technology, financials, IT Strategy and IT architecture in order Read more about Key Metrics for Application Portfolio Management (APM)[…]

How to Measure Projects Success: Successful vs. Troubled vs. Failed Projects

By Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting Traditional Models There are a lot of rating models out there that attempt to define project success or failure. There is the traditional one: Success: Finished (more or less) on time, within budget and met all requirements Challenged:  Reaches conclusion, but with cost overruns and Read more about How to Measure Projects Success: Successful vs. Troubled vs. Failed Projects[…]

Project Portfolio Management – The Role of the PMO

By Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting The role of the PMO in the project portfolio management process can be generally divided into two domains: project prioritization and selection as well as project management and monitoring (see Figure 1). Figure 1 The first role of the PMO is to act as a Read more about Project Portfolio Management – The Role of the PMO[…]

Why Should You Try to Generate as Many Project Proposals as Possible

By Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting A great American scientist and a 1954 Nobel Prize in Chemistry winner Linus Pauling once said, “If you want to have good ideas you must have many ideas. Most of them will be wrong, and what you have to learn is which ones to throw Read more about Why Should You Try to Generate as Many Project Proposals as Possible[…]

Project Portfolio Management: How to Maximize the Number of Project Proposals?

By Jamal Moustafaev, Thinktank Consulting  One of the first steps to collecting the maximum possible number of proposals is to make the submission process simple. One of the tricks used by some of my clients was to publish the finalized version of the scoring model on the company Intranet that was accessible to all company employees. Another Read more about Project Portfolio Management: How to Maximize the Number of Project Proposals?[…]

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 Read more about Benefits of Social Collaboration[…]

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 Read more about Government Sector Project Portfolio Management Summary – Infographic[…]

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 Read more about Five Uses of a Prioritization Scoring Model[…]

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 Read more about The Purpose and Goal of Prioritization[…]