Project and Portfolio Management Optimization
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Project and Portfolio Management Optimization
Project and Portfolio Management Optimization
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Manage Complex Projects – Manage Project Benefits, Not Just Deliverables

Manage Complex Projects – Manage Project Benefits, Not Just Deliverables | Project and Portfolio Management Optimization | Scoop.it
Focus on managing Project Benefits, Not Just Deliverables, always worth reminding ourselves #proejcts #tools https://t.co/D0SrXIHGlm
Norval Oswald's insight:
We only realize an average of 25% of the expected value when our focus is cost and deliverables, versus 75% of the expected value when our focus is on generating benefits. Focus on the business value/benefits and follow the five steps suggested…
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Lifting the Hood on Project Management: Tweak, Tune & Tailor

Lifting the Hood on Project Management: Tweak, Tune & Tailor | Project and Portfolio Management Optimization | Scoop.it
How do you think about your approach to project management? Is it something well defined and fixed? Is it evolving and flexible? Is it mystical and incomprehensible? Or is it so innate and ingrained that you don’t even think about it?
Norval Oswald's insight:
Let's continue to tinker and evolve  ... "'Good practice’ does not mean that the knowledge described should always be applied uniformly to all projects; the organization and/or project management team is responsible for determining what is appropriate for any given project." 
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Portfolio Governance-Ensuring Alignment to Strategy (Part 2: Definitions)

Portfolio Governance-Ensuring Alignment to Strategy (Part 2: Definitions) | Project and Portfolio Management Optimization | Scoop.it
By Jen Skrabak, PMP, PfMP
In the first part of this series, I introduced PMI’s new governance practice guide and reviewed basic differences between organizational (corporate) governance, portfolio management governance and portfolio governance.
Norval Oswald's insight:
Short article based on PMI's new guide - illustrating how day-to-day portfolio management is distinct from governance
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How Often Should You Review the Project Portfolio?

How Often Should You Review the Project Portfolio? | Project and Portfolio Management Optimization | Scoop.it
You've got a ton of projects. You can't do them all at once because you don't have the people to do them. You know better than to ask people to multi-task on more than one project, no one will get anything done.
Norval Oswald's insight:
Good article on how often to review portfolio prioritization and realignment. I would also suggest that if you are following the waterfall / serial approach - that you reprioritize at each phase-gate to see if you should continue the project... 
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4 Cloud-Based Project Management Tools to Manage Your Work Better

4 Cloud-Based Project Management Tools to Manage Your Work Better | Project and Portfolio Management Optimization | Scoop.it
A lot of small businesses shy away from online collaboration tools because they're often too expensive and difficult to implement. Well, getting group projects done is getting a lot easier thanks to tools like these.

Via Ian Harris, massimo facchinetti, Biomni
Norval Oswald's insight:
I typically use MS Project or Clarity but these cloud based tools are starting to mature and provide cheaper and easier to use alternatives... 
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Ian Harris's curator insight, April 22, 11:29 PM

May be useful!

Joseph Lanfranchi's curator insight, May 18, 2:07 AM
Technology can really make project management easier, check out this tools to avoid losing time and increase productivity
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Your Backlog Might be Broken If...Part 2

Your Backlog Might be Broken If...Part 2 | Project and Portfolio Management Optimization | Scoop.it
How does your project team build and manage their to-do list? Is your current process working well or does your backlog need a reboot? One of the most...

Via Rob Kingston
Norval Oswald's insight:

Common problem that can be fixed ... 

 

Your Backlog Might Be Broken If...Part 1

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Rob Kingston's curator insight, November 11, 2015 4:23 PM

Who's keeping an eye on your backlog?

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5 reasons on the necessity of Project Contingency!

5 reasons on the necessity of Project Contingency! | Project and Portfolio Management Optimization | Scoop.it
“ Projects are like crimes: rarely perfect. Read 5 reasons on why contingency is adding value to your project”
Norval Oswald's insight:
While I would not call projects crimes (except perhaps how some of them are managed) the article does point out several good reasons for establishing some contingency in your project budget and schedule
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Project Portfolio Management: The Perspective of Choice

Project Portfolio Management: The Perspective of Choice | Project and Portfolio Management Optimization | Scoop.it
“When enterprise architects meet up over beer and start parsing the terminology of enterprise architectural modeling, the concept of perspectives comes up, i.e. the ability to model the underpinning...”
Norval Oswald's insight:
Nice article on PPM perspectives - Thinking in terms of capabilities doesn’t trap us into thinking in the context of a single process or system.
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Project Prioritization Challenge: "I'm the only one who cares!"

Project Prioritization Challenge: "I'm the only one who cares!" | Project and Portfolio Management Optimization | Scoop.it
“If you've ever tried to "sell" new project prioritization process into your organization and failed, this challenge is for you and your colleagues (Fight apathy. Take the challenge. Take control of yr project portfolio!”
Norval Oswald's insight:
Portfolio management is a good idea - the webinar should help you understand this
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10 Principles of Leading Change Management

10 Principles of Leading Change Management | Project and Portfolio Management Optimization | Scoop.it
These time-honored tools and techniques can help companies transform quickly.

Via Rob Kingston
Norval Oswald's insight:

Change is Continuous   - better to lead it ... 

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Rob Kingston's curator insight, July 28, 2014 7:07 AM

Change Is fact. Make sure you lead it. 

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PPM Solutions Guide

PPM Solutions Guide | Project and Portfolio Management Optimization | Scoop.it
This guide describes tools in Project Server 2013 and Project Online that help to provide your organization a Project Portfolio Management solution.
Norval Oswald's insight:
The Project Portfolio Management Solutions Guide describes tools in Project Online and Project Server that provide solutions to everyday work, and enable you to effectively execute and achieve your strategic priorities. It talks about how these tools help to provide a PPM solution that help organizations to reduce costs, drive efficiency, and help set the seeds to grow their business.
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Book review: Business-driven PMO setup | Brilliant Baselines

Book review: Business-driven PMO setup | Brilliant Baselines | Project and Portfolio Management Optimization | Scoop.it
“Most PM methodologies are geared towards large complex projects, but these often make up a tiny percentage of the PMO's project portfolio. A PM methodology needs to be flexible and scalable to suit the size and complexity ...”
Norval Oswald's insight:
Looks like a book worth taking a look at
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10 Tips To Manage Project Portfolio Management (PPM) Processes

10 Tips To Manage Project Portfolio Management (PPM) Processes.

Via Laurent Janssens
Norval Oswald's insight:

Some good tips on PPM process management 

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Laurent Janssens's curator insight, June 15, 2014 3:52 PM

Interesting focus on processes: #ProjectPortfolioManagement is more than selecting a tool...It is before all #Process Management & process improvements

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PMP vs. PRINCE2 Certificates

PMP vs. PRINCE2 Certificates | Project and Portfolio Management Optimization | Scoop.it
What's the difference between the PMP and PRINCE2 certifications? Which one should I choose? Which one's better for my career?
Norval Oswald's insight:
Article comparing PMP and Prince2 - Do both. PRINCE2 is not a body of knowledge (BOK). PRINCE2 is the framework that spells out exactly what needs to be done, by whom, and by when. So without PRINCE2 you won't know how to run projects. PMP is a body of knowledge and gives theory and a range of tools and knowledge that can be used for project management, but does not give the processes like PRINCE2 does.
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IT Operations Governance: 6 Critical Success Factors

IT Operations Governance: 6 Critical Success Factors | Project and Portfolio Management Optimization | Scoop.it
Many information technology (IT) organizations approach their service management or IT operations management initiatives from a process or tool perspective. Organizations often expect employees to adopt...
Norval Oswald's insight:
Addressing these six factors from the start will help accelerate your organization's adoption and adaptation of service management. By considering these six key factors when planning and designing the type and level of IT governance appropriate for your IT organization and your IT operations management initiatives, you should significantly improve the likelihood of your organization's success. 
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Portfolio Governance—Ensuring Alignment to Strategy (Part 1)

Portfolio Governance—Ensuring Alignment to Strategy (Part 1) | Project and Portfolio Management Optimization | Scoop.it
By Jen Skrabak, PMP, PfMP, MBA

Governance is an extremely broad and often times misunderstood area. It can span functions, domains and types, depending on the context of an organization and other f
Norval Oswald's insight:
A short article that provides the PMI definitions of governance that can be applied to the portfolio, program and project context. Governance may exist at various levels of the organization. It’s important to distinguish among those levels.
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Distinguishing Portfolio Management, Programme Management and Project Management

Distinguishing Portfolio Management, Programme Management and Project Management | Project and Portfolio Management Optimization | Scoop.it
There is often a misunderstanding, and hence a mixed and overlapping use of terms, when it comes to programme management. Sometimes a programme is called a project. Sometimes a project is called a programme.
Norval Oswald's insight:
A nice useful short piece that clearly distinguishes between the three layers of PPM - portfolio, programme and project management
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12 Leadership Mistakes Good Bosses Avoid

12 Leadership Mistakes Good Bosses Avoid | Project and Portfolio Management Optimization | Scoop.it
Good bosses approach their leadership positions with the best of intentions to do the right things. But mastery requires avoiding mistakes whenever possible as well.

If you’re in a leadership position — at any level of the company — you can improve your leadership skills by watching out for these 12 mistakes to avoid

Via Steve Krogull
Norval Oswald's insight:
Try to avoid these mistakes whenever possible
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Applying "A Sense of Urgency" to Project Management

Applying "A Sense of Urgency" to Project Management | Project and Portfolio Management Optimization | Scoop.it
“ In his most well-known book, Leading Change, Dr. John Kotter presents an eight step model for transforming organizations with the first step requiring...”
Via Rob Kingston
Norval Oswald's insight:
A critical element for Agile Project Delivery
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BUILDING YOUR PMO’S PROJECT PORTFOLIO

BUILDING YOUR PMO’S PROJECT PORTFOLIO | Project and Portfolio Management Optimization | Scoop.it
“ Most project management professionals have their own project portfolios—they come in handy during job interviews, performance reviews, etc. But your PMO should also have a portfolio.”
Norval Oswald's insight:
A good PMO promotion tool ...
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5 Common Project Portfolio Management Adoption Hurdles and How to Avoid Them

5 Common Project Portfolio Management Adoption Hurdles and How to Avoid Them | Project and Portfolio Management Optimization | Scoop.it
Explore the 5 most common Project Portfolio Management Adoption Hurdles and How to Avoid ThemProject Portfolio Management (PPM) software is designed to provide clarity and accountability to your

Via Enzo Calamo
Norval Oswald's insight:

There are always going to be hurdles when adopting Portfolio Management - here are 5 common ones .... 

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Rescooped by Norval Oswald from Project Portfolio Management Digest
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Are Portfolio Managers the Next Chief Strategy Officers? - Voices on Project Management


Via Antoine Heber-Suffrin
Norval Oswald's insight:
As with a portfolio manager, the core responsibilities of a Chief Strategy Officer (CSO) include translating strategy into execution:
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Focus Less on the Management and More on the Resources with ...

“ He has setup and managed Project Management Offices (PMO) and has provided project portfolio management and project management consulting services to clients across multiple industries. Kiron is an active member of ...”
Norval Oswald's insight:
Want more engagement - Why not test your teams engagement within your own organization? Create a simple value-stream map for key resource management processes and highlight those steps which directly engage the resource. If it’s less than 25%, are your practices truly staff-focused?
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How complexity is clogging your project environments - CIO Magazine

How complexity is clogging your project environments - CIO Magazine | Project and Portfolio Management Optimization | Scoop.it
“CIO Magazine How complexity is clogging your project environments CIO Magazine Too often, project portfolio management (PPM) environments suffer from bloated, convoluted solutions that impede project delivery and make PPM a discrete function rather...”
Norval Oswald's insight:
Good article - you must address complexity in the context of value creation.
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10 Reasons Why A Project Manager Is Like Batman

10 Reasons Why A Project Manager Is Like Batman | Project and Portfolio Management Optimization | Scoop.it
“ An over-the-top busy schedule reflected on your smart phone is what greets you in the morning. Unrealistic deadlines send you on your way to”
Via syednazirrazik
Norval Oswald's insight:
Thought you might like this one...
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