The Hidden Key to Exceptional Leadership: The Importance of Self-Awareness

April 26, 2023April 26, 2023Francesco Pecoraro

Leadership is not just about setting goals and delegating tasks. It is about inspiring and motivating team members to work together towards a common goal. Effective leaders possess a quality that sets them apart – self-awareness. Self-awareness is the key to unlocking the potential of leadership, as it enables leaders to understand their own limitations, build better relationships, lead with empathy, and make better decisions. In this article, we explore why self-awareness is critical for leadership development and how organizations can foster this essential skill to build strong teams and achieve organizational success.

The Ultimate Guide to Prioritizing Tasks and Projects as a Leader: 5 Tips for Success

April 15, 2023April 15, 2023Francesco Pecoraro

Leadership is all about managing multiple tasks and projects, while ensuring that your team is working towards the common goal. However, with so many tasks to manage, it can be challenging to know where to start. That’s where prioritizing tasks and projects comes in. By prioritizing based on urgency and importance, creating a to-do list, using project management tools, delegating tasks, and regularly reviewing and adjusting priorities, leaders can effectively manage multiple tasks and projects, reduce stress, and ensure that their team is working towards achieving the organization’s goals in a timely and efficient manner.

EPMOs to obtain better strategy alignment and business results

March 28, 2021May 30, 2021Francesco Pecoraro

At the beginning Project Portfolio Management (PPM) was an approach aimed at helping IT departments deliver results in a more efficient and effective way. Over the years, companies and senior managers realized that PPM methodology can be applied more widely throughout the organization. Since then, PPM methodology has changed and today is able to support […]

Difference between Project Management and Project Portfolio Management

February 25, 2021May 30, 2021Francesco Pecoraro

Project portfolio management (PPM) helps companies manage and control projects within an organization. Companies use PPM for several reasons such as maximizing the outcome of projects, balancing risks and most importantly aligning projects to the strategic objectives of the organization. In fact, the final goal of PPM is to achieve companies’ strategic goals by effectively […]

How risk analysis can aid in the selection of the best strategy

February 11, 2021May 30, 2021Francesco Pecoraro

Strategic decision-making is extremely important for organizational survival. There could be different types of organizational strategies. For example, there are strategies that could be based on a business line, diversification, innovation, brand, etc. It is important to say that the steps needed to select the different organizational strategies have risks. Risk analysis helps companies obtain […]

How managing strategic risks can help create a winning business strategy

January 12, 2021May 30, 2021Francesco Pecoraro

To define an effective organizational strategy, companies should always take into consideration all types of risks that may occur at every level of an organization. As risks are part of the company’s strategy, they can affect portfolios, programs, and even projects. There are two types of risks: positive and negative. These risks can influence the […]

Steps to creating a project portfolio

January 5, 2021May 30, 2021Francesco Pecoraro

Studies report that most firms, especially private ones, are usually focused on increasing their profit over time. At the same time, these companies need to achieve their strategic goals by relying on a limited amount of resources. Medium and large organizations generally implement their strategies by executing projects and programs in their business lines. Project […]

Developing a healthy and productive company culture

October 8, 2020May 29, 2021Francesco Pecoraro

Some of the most successful companies in the world are able to create environments their employees love to go, and job seekers desire to work from. Identifying and developing a company culture that is healthy and productive can make a huge impact on an organization’s success. Organizational culture is the set of values, expectations, and […]

How PPM is expanding beyond project-based business

August 26, 2020May 29, 2021Francesco Pecoraro

The relevance of Project Portfolio Management is growing beyond the project-based business. As many of us know, projects have become the main way for executing the strategy of an organization. In fact, companies that execute projects that align their objectives with organizational strategy have more chances to be successful over time. In fact, it has […]

What blocks companies from delivering innovative products?

July 23, 2020May 24, 2021Francesco Pecoraro

Companies need innovation to increase their market share and profit margin. Thanks to innovation, companies are able to put new successful products on the market. To get the most out of each new product, companies need to deliver them on time. Unfortunately, what usually happens is that most companies have a lot of projects they […]

How to create a balanced Project Portfolio

June 14, 2020May 24, 2021Francesco Pecoraro

Companies can maximize project benefits and minimize overall project risks by balancing project portfolios. Executives have to analyze and balance the portfolio to reach these goals. The objective is to fund worthy efforts in order to produce the highest payback from each investment. A project portfolio can be considered like an investment fund, where the […]

The right framework to evaluate project proposals

May 3, 2020May 24, 2021Francesco Pecoraro

Companies are increasingly using projects to manage most of their activities. Managing single projects can produce a loss of transparency and efficiency of the project outlook. To be more effective companies need to use a management approach such as Project Portfolio Management (PPM). PPM is an efficient way to manage projects. It must be a […]

How to choose the right projects

April 26, 2020May 24, 2021Francesco Pecoraro

Project selection is very important to effectively apply Project Portfolio Management (PPM) . For this reason, it is worth exploring the essential tools and techniques to choose the right projects for the portfolio. It is also useful to say that having an official process to set project priorities could not be enough for the success […]

How to choose the right project by using PPM

April 19, 2020May 24, 2021Francesco Pecoraro

Project Portfolio Management has obtained a lot of attention lately. PPM has gained momentum as companies have recognized that organizational efficiency also depends upon doing the right projects. Basically, it is more important to choose the right project than doing the chosen project in the right way. PPM processes Project Portfolio Management processes aspire to […]

How to identify projects for strategy implementation

February 23, 2020May 19, 2021Francesco Pecoraro

Strategic management helps companies to innovate their processes and products. Strategy allows organizations to determine the best configuration of systems, processes, products, and resources to reach their objectives. Once a company has chosen its strategy it has to implement it. To implement their strategies companies can use Project Portfolio Management. In fact, they can use […]

How to execute the organization’s strategy

January 29, 2020May 18, 2021Francesco Pecoraro

Organizations execute their strategies through the creation of strategic initiatives. The execution of the organization’s strategy happens through the use of programs and project portfolios. Senior management It is important to consider that strategic transformation can only be accomplished when senior management engages deeply in project management. In addition, the managerial perspective has changed from […]

Different types of project scheduling methods

January 20, 2020May 17, 2021Francesco Pecoraro

In a highly competitive and fast-paced environment it is really difficult to manage changes to project scope. For this reason it is important to adopt practices that help companies to adapt to the varying needs of stakeholders. In fact, there are different types of project scheduling methods that support project managers to adjust their project […]

Create a program plan that minimizes interruption

January 14, 2020May 17, 2021Francesco Pecoraro

To plan a program you need to plan all projects that compose the program. Developing an effective program plan often requires more than one planning cycle. Feedback and adjustments are important to create a program plan that minimizes interruption and makes more efficient all the work that has to be done. Planning each project that […]

Use project schedules to prevent problems

January 13, 2020May 17, 2021Francesco Pecoraro

Project managers use project schedules to prevent problems. In fact, they help project managers efficiently communicate and collaborate with their teams and stakeholders. Project managers should use it to ensure the project remains on track. Let’s go a bit deeper to know more about it. What is the project schedule? The project schedule is a […]

Nexus Sprint Review and Retrospective

January 10, 2020May 9, 2021Francesco Pecoraro

The Nexus framework is based on Scrum. It helps companies to scale software and product development. In fact, it helps organizations to develop products in a faster way by reducing costs. Let’s analyze in depth two Nexus events: Nexus Sprint Review and Retrospective. What is the Nexus Sprint Review? The Nexus Sprint Review is a […]

Use Kanban to organise project work

January 9, 2020May 9, 2021Francesco Pecoraro

Many Scrum teams use Kanban to organise their project work. In fact, these teams use Kanban as a visual management tool to deliver work faster and more often. Let’s see what is Kanban and how it is evolving over time. What is Kanban? Kanban is a lean method that aims at managing and improving work […]

A mature portfolio management capability

January 8, 2020May 9, 2021Francesco Pecoraro

Project portfolio management allows organizations to identify and bring greater value from strategic project and program investments. When a company has a mature portfolio management capability in place, every project or program team will consider its results as critical for specific organizational strategic goals and objectives. Let’s analyze the importance of providing executives with useful […]

Identifying and managing project interfaces

January 7, 2020May 9, 2021Francesco Pecoraro

Large and complex programs usually have projects with lots of dependencies. Identifying and managing interfaces between projects is crucial for program success. Identifying project interfaces There can be different types of project interfaces. For instance, let’s imagine that we have two projects that are part of the same program: project A and project B. It […]

Even in well-planned projects a change can arise

January 6, 2020May 9, 2021Francesco Pecoraro

Even in well-planned projects it could happen that a need for a change arises. In fact, during a project, it can often happen that stakeholders ask for a change request because they want to change the project scope. Let’s see what a change request is and how you can manage it. What is a change […]