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Tag: Project Portfolio Management

What is Project Portfolio Management : The Basics

What is Portfolio Management? It’s one of those questions that can be really complicated when someone is not really that familiar with project or portfolio management. To understand something is always the first step. And what is project portfolio management being one of the questions that needs further understanding. Projects are the motherboard of an organization. They create an identity, they build the organization’s reputation, and they aid with investments and return value. These projects either operate separately or at the same time—and that is a big challenge for people working in it. Portfolios are thus born to organize...

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The 10 Project Portfolio Management KPI To Adopt

Metrics are convenient and easy to use. They measure and estimate cost, project duration, and ensure that the projects are where they are supposed to be but it doesn’t guarantee that it will solve all your problems. These metrics are meant to assist managers and their teams to gain a chance of the project success or an expected ROI benefit. Everything still lies in human resources. Project portfolio management KPI are helpful methods or tools in ensuring that projects are aligned to the business objectives or that they provide value or return once the delivery is finished.     Project...

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Project Portfolio Management Best Practices : Doing the Right Way

Imagine this scenario: you are a president of a particular project management division under a certain company. You do your own routine every day once you step inside your office. Employees are doing their jobs, but for some reason, they are not completed on time, changes have to be made every second, and the plan is a flop. The obvious is right under your nose. What are the causes of project failure? Why do projects still fail despite careful planning? Why do these projects still end up into ruin even portfolio management is implemented? Such discipline is supposed to...

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10 Project Portfolio Management Benefits You Need To Know

A clearer understanding of project portfolio management will help you comprehend its benefits that contribute to an organization. In this case, portfolio management is more than just organizing projects into a single portfolio; it also enables companies to conserve time and resources and create transparency in terms of tasks and decision-making. Project portfolio management benefits vary, yet very helpful to an organization. Companies need to be aware of this in order to understand what project portfolio management is conveying.  It eschews traditional project management; projects are less vulnerable to risks and they have a greater chance of success if portfolio...

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Understanding Project Portfolio Management

The constant changes in the business industry is a waking call for organizations to establish methods to increase their market profitability in a manner that is quick yet stays within the budget constraints. At the same time, organizations have to ensure that even they stick to the budget or schedule, the data being deployed are precise. Organizations are developing ways on how to keep up with the growing network that can possess these qualities and project portfolio management is thus born.     Many people, including those who belong to business organizations, tend to misconstrue, underestimate, and misinterpret project...

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How to Handle and Solve Project Management Issues?

Having skilled and experienced team members is sure a rewarding experience to be working with them. Plus, the project becomes a breeze and you can hardly feel the tension at all since you are surrounded by these people who know how to handle projects properly and accordingly.     But even with these exceptional skills, there are often times that project management issues are still rearing their ugly heads and get the better of the each member. One of the most common issues in a team is even the members are very talented and possess the traits like being...

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