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One of the key tasks of project management is to balance the expectations and needs of stakeholders; especially when there are requirements and priorities that may be conflicting or opposing one another. In fact, to implement their strategies successfully, companies need to take into high consideration stakeholders’ needs and concerns. Stakeholders influence Stakeholders can be […]
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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 […]
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Project Portfolio Management (PPM) helps companies select the right projects, which align with their strategies, to achieve their objectives. Thanks to PPM companies are able to allocate the resources to support those projects. Even if PPM is usually used to improve project success probability, to achieve success companies need also to consider the connection between […]
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To develop new products companies can integrate Project Portfolio Management into the Stage Gate process. This approach works very well for big firms that operate in mature businesses where the portfolio of projects is pretty static. Thanks to this approach companies can review individual projects and make go/kill decisions on each one of them. To […]
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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 […]
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The definition of strategy is a long-term plan of action used to reach a specific goal or a set of objectives. To get the most out of their resources companies should link strategy and new product resource allocation. In addition, depending on their strategies, companies decide to focus on specific markets, technologies and products. In […]
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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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