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)[…]

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?[…]

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[…]

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 Read more about Strengthen Talent Management With PPM[…]

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 Read more about Dangers Of Relying On Purely Financial Methods When Prioritizing Your Projects[…]

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 Read more about Seven Steps to a Successful Project Portfolio Management Implementation[…]

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 Read more about Top 10 Project Risks and What to Do About Them[…]