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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 […]
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Companies today have a lot of projects they could be working on but a limited amount of resources. Instead of just trying to figure out how to get through as many of them as quickly as possible, organizations can use Project Portfolio Management (PPM) to prioritize those projects. There are many methods to achieve this […]
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Companies need innovation to increase their market share and profit margin. Innovation helps companies deliver higher value to customers. The process of converting an idea into a product or service allows companies to remain relevant and competitive in their fields. Innovation through projects Companies can decide to innovate by relying on incremental technology improvements which […]
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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 […]
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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 […]
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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 […]
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Organizations can benefit from using Project Portfolio Management practices. In fact, PPM allows companies to allocate resources, schedule, analyse, and manage projects and business. At the same time, companies also encounter problems when using PPM. What type of problems companies face in using PPM? Let’s analyze the three main problems that organizations need to deal […]
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Project portfolio management is considered to be a logical decision process. To execute PPM effectively it is important to consider some other aspects. In fact, there are characteristics of PPM that have a great impact on its implementation. Let’s analyze some of the most important assumptions that can have a great influence on PPM execution. […]
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In a world that is becoming more and more complex, companies can use Project Portfolio Management to manage the complexity of their portfolios. In fact, as projects increase in number and size, the complexities and management challenges rise exponentially. Everyday, new markets and strategic opportunities can arise. As a result companies need to make […]
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Companies can obtain many benefits by adopting Project Portfolio Management. In general, PPM helps companies to flourish by allowing them to focus on the most important and strategic projects and programs. Let’s analyze what happens to companies that use PPM. How can PPM help companies? PPM is able to deliver many benefits to an organization […]
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Portfolio Management is evolving over time. Today, Portfolio Management goes over the evaluation techniques. In fact, it is going towards a more comprehensive managerial approach that explains how to use Project Portfolio Management (PPM). Links between levels In many companies, it happens that corporate strategy gets filtered to the portfolio level, and sometimes to the […]
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The trend of interest in the field of PPM and strategy topics has increased regularly in the last decades. It is expected to continue to increase in the future. Project Portfolio helps companies to achieve their organizational strategies and objectives. Organizations can use PPM to identify projects and portfolios that best align with their objectives. […]
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Companies can use projects as a powerful strategic tool to produce a competitive advantage and business value. Unlike the past, projects will become more and more important for driving a company’s strategy into new directions. Organizations should use project portfolio planning in order to plan their strategy. Let’s see how to use PPM for different […]
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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 […]
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Organizations need to define a strategy in order to achieve success. Defining a strategy is a critical factor for the future of a company. In fact, the right strategy will produce growth, profit, or any other objectives the executives have set. At the same time, an inappropriate strategy not only will fail to yield benefits, […]
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Interest in project portfolio management has increased during the last few years. it has happened because organizations increasingly need efficient strategy processes to address the challenges in their changing environment. Basically, organizations increasingly need to innovate in order to survive. Project portfolio management allows the coordination of one or more portfolios to achieve the organization’s […]
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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 […]
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Today, companies are constantly under pressure to innovate and grow. To reach these objectives they need to find an efficient way to implement their strategies. Nevertheless, in many organizations a gap exists between the development of strategy and its successful implementation. Project Portfolio Management (PPM) contributes to close this gap. Project portfolio management (PPM) can […]
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Managing programs is not as easy as it seems. In fact, there are some aspects that program managers should consider in order to manage programs successfully. Let’s analyze some of the most critical aspects that can support program managers in this tough business. Documenting project activities and tasks Usually, when projects start stakeholders rarely know […]
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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 […]
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To become an effective speaker you need to strengthen your body language. In fact, posture, gestures, body movements and facial expressions are very important to become an effective speaker. Probably, eliminating distracting mannerism could be the first thing to work on. “The speaker who stands and talks at ease is the one who can be […]
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Project portfolio management (PPM) helps companies to obtain and distribute project investment information based on their strategy. It also helps them to maximize the use of resource capacity to deliver their objectives. What is PPM? Project Portfolio management (PPM) is not only about prioritization and the alignment of individual projects; but, it allows companies to […]
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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 […]
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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 […]
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When you give a speech it is useful to show purposeful physical movement. In fact, it provides your audience with an indicator of your feelings and attitudes. In addition, moving effectively during a speech offers some more benefits. Let’s see what they are. Capture audience’s attention If you do not move during a speech people […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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