Infographic – Pharmaceutical Industry – Project Portfolio Management Summary
What is the real value in tracking time for project and non-project work? The fact is collecting accurate time measurements across an entire organization can be time consuming and potentially expensive. Collecting time for the sake of collecting time is a huge waste of good organizational energy. I have compiled a list of six reasons
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 a higher risk of duplicative efforts
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,
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
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 you hired, correct?).
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 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…
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 challenges.
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…