Pipeline Management-Stage Gates Part 1

Stage-Gates™ are a critical component of project selection. A winning portfolio must contain winning projects, therefore the project governance board must be able to discriminate between good projects and great projects. The decision gate process enables the project governance board to review these projects based on preselected strategic criteria at the gate reviews of the Read more about Pipeline Management-Stage Gates Part 1[…]

Be Sure To Use The Portfolio Data

Data represents a major facet of successfully implementing project portfolio management (PPM). In a previous post, I discussed how data drives the portfolio management engine and some of the key components for getting good data into the tool. Some important portfolio data types includes: financial data, resource data, schedule data, and benefits data. Leadership plays Read more about Be Sure To Use The Portfolio Data[…]

The Right Portfolio Data at the Right Time

From a very pragmatic point of view, getting the right data at the right time is at the heart of good project portfolio management. If the right data is not available for decision makers to use, the issue will be mediocre results at best. Portfolio management is about selecting the right projects, optimizing the portfolio Read more about The Right Portfolio Data at the Right Time[…]

Portfolio Planning vs Strategic Planning

Too often, the modus operandi for many organizations is to receive requests and filter them through a stage-gate process in order to evaluate the merit of the request and select the right projects. If the project is selected, a project team is assembled and the project planning begins. There is nothing wrong with this process, Read more about Portfolio Planning vs Strategic Planning[…]

Project Pipeline Management

Project pipeline management is an important component of project portfolio management (PPM) because it encompasses the work needed to “select the right projects”. Pipeline management involves steps to ensure that an adequate number of project proposals are generated, evaluated, and screened out at various stages of the intake process that meet strategic objectives. There are Read more about Project Pipeline Management[…]

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)[…]

Cloudbyz ITPM July 2017 Release Overview

Cloudbyz PPM July’17 release bring exciting new features that users requested and will find extremely useful. We have also fixed certain issues related to export of project schedule to MS Project. New Features: Timesheet The Timesheet functionality which is typically the one used by all users in an organization is revamped with a simple to Read more about Cloudbyz ITPM July 2017 Release Overview[…]

Be Careful Managing Project Dependencies

  By Tim Washington, Point B Managing project dependencies are an important part of portfolio planning as well as tactically managing project execution. Unknown dependencies represent a major portfolio risk and in complex environments, inadequate identification of project dependencies can derail projects or programs. Dependencies can be any deliverable, process, standard, technology, or product that is produced Read more about Be Careful Managing Project Dependencies[…]

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[…]