Why Teams Need Systems to Thrive
As a senior leader, you hire smart people. You invest in their growth. You carefully cultivate results. But even high performers can struggle or burn out when the systems around […]
Category Archives: Portfolios
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Change Fatigue
How is change fatigue related to project intake decisions? A portfolio management colleague told me about an intriguing practice at her organization. Never-ending changes, even good ones, can batter people so much […]
The Power of Scoring for Better Project Decisions
Dancing with the Stars The rules for scoring ballroom dance performances are universal. The criteria for deciding which projects to invest in? Not so much. Have you watched the television […]
What’s a PMO to Do?
Will this PMO flourish or fade? Vanguard Solutions is struggling with a chaotic collection of projects that often run late, cost much more than expected, and disappoint customers. Tyra Frerichs, […]
Project Management Maturity in Lake Wobegon
Attaining the highest levels of project management maturity is expensive, difficult, and has diminishing returns. Don’t be satisfied lingering at level 1, but don’t feel bad if you’re not at level 5.
How to Manage a Portfolio: Separate the Best from the Rest
Spreading your organization’s precious resources thinly over too many active projects is a recipe for lots of disappointment. It’s better to do fewer projects well by concentrating effort on them, even if that means fewer projects.
How to Manage a Portfolio: Air Traffic Control
An effective portfolio manager is like an air traffic controller, ensuring that all projects in the portfolio are monitored and managed together.
How to Manage a Portfolio: All Together Now
Managing projects as a portfolio helps ensure alignment, just as flying in formation helps birds stay on course, avoid collisions, and conserve energy.
How to Manage a Portfolio: Put People First
Effective portfolio management puts people front and center. Here are some ideas to stay focused on people.
If Projects Were a Fleet of Ships
This picture shows one of my favorite analogies for how portfolio management, project management, and strategy development should fit together.