4 min read At present, in organizations in any market or segment, the project-oriented management approach has momentum. In order to quickly and timely respond to emerging changes, more and more organizations are becoming aware of the need to standardize project portfolio management practices. The unified algorithm for developing a project management standard for organizations in facilitates the […]
10 Myths About Agile: Things for Portfolio Management to Learn
9 min read Our brain sees cause-effect relationships where there are none and does not notice problems where there are some. We try to explain the inexplicable and are interested in details and hierarchies. Therefore, when “everything is difficult,” you must look for flexible approaches – and here Agile comes to the rescue. With the idea that everything […]
Integrated Portfolio Management as a Way to Success
3 min read For Years PMI has been developing standards for Project Management, Program Management, Portfolio Management, Organizational Project Management Maturity Models, etc. In 2006 PMI launched two standards: Project Portfolio Management and Program Management. Each of those standards was created to be self-contained. The integrated approach expands these concepts and invents ways to combine them to provide a […]
How To Define Portfolio of Projects: Main Principles
3 min read A project portfolio is a set of projects or programs and other elements combined to manage these elements effectively to achieve strategic goals. A project portfolio is also a set of components (for example, projects, programs, and portfolios) that are grouped to achieve effective management to achieve strategic results. Projects and programs that are jointly managed in […]
PPM Reporting Structure for Project, Resource, and Portfolio Management
4 min read Reports encompass not only the structure and the selection of the presented information. The PMO has another important responsibility that is not always simple. They must ensure the quality of the reports, their currency, and correctness. When introducing the project and portfolio management solutions (PPM) the reporting topic is often considered too late. It would be ideal […]
Importance of Strategic Alignment and Prioritization in Portfolio Management
5 min read Strategic Alignment of Portfolios Strategic alignment allows organizations to prioritize suitable initiatives that eventually help them achieve long-term goals in an organized manner while following the right direction and utilizing the organizational resources as per the strategic priorities. It is the process where the initiatives must be aligned with the organization’s vision and business strategy. […]
Agile Project Portfolio Management: Let Your Business Benefit from the Scaled Agile Framework
4 min read Project portfolio management can be tough: budget, time, and people are limited while conflicts, dependencies, and issues seem to be limitless. First, we’ve realized the power of structure and order. We’ve used it to tame the beast. Later came Agile to help us overcome the obstacles and succeed in our business endeavors. It taught us, […]
Establishing Project Portfolio Management Practices in Teams Using Azure DevOps
6 min read As you might know, Microsoft has renamed Visual Studio Team Services (VSTS) to Azure DevOps Services. VSTS features are now separate services. What was known as “Build and Release” is now called “Azure Pipelines.” It provides continuous integration and continuous delivery (CI/CD) that works with any language, platform, and Cloud. What was “Code” is now […]
PORTFOLIO VISIBILITY AS A CRITICAL SUCCESS FACTOR OF YOUR PMO
3 min read A project’s progress and change invisibility is the hidden enemy of any organization. How are your critical business processes performing? If you don’t know the answer to this question, it could be affecting your bottom line. Each time a project starts to experience delays or teams encounter difficulties, you could be losing money. And each […]
The Essential Basics of Portfolio Management
8 min read In mature project management organizations, project management exists in a wider context that is governed by program and portfolio management. The organization’s strategies and priorities are interrelated and have links to portfolios and programs, as well as between programs and individual projects. Organizational planning influences projects by setting project priorities based on risk, funding, and […]