If Projects Were a Fleet of Ships

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This picture shows one of my favorite analogies for how portfolio management, project management, and strategy development should fit together. 

If projects were a fleet of ships …

  1. Every ship must be in good working order (project management)
  2. All ships must coordinate with each other (portfolio management)
  3. All ships must follow the flagship (strategic alignment)
Posted in Management, Portfolios, Projects.