Category: Business - Page 2 - THE CREATIVE HAT

Portfolio Implementation and Continuous Improvement

by SambittExecution May 2, 2020June 18, 2025No Comments

In this blog, let’s further discuss on how to integrate and continuously improve portfolio management methods and review key deliverables needed to support portfolio management practices. Portfolio Management Methods and Key Deliverables: 1) Assess the current state by talking with stakeholders This is the first step, and normally includes determining which portfolio management processes exist,which …

Key Artifacts for Portfolio mgmt

by SambittExecution October 4, 2019June 18, 2025No Comments

The key artifacts necessary for carrying out portfolio management are: Strategic Plan Charter Plan Roadmap Portfolio itself Strategic plan: A strategic plan outlines the vision and strategy of the organization and identifies the high-level initiatives and themes in the portfolio where investments will be made to accomplish the business objectives. Charter: The charter, not unlike a project-to-program …

Synchronizing Portfolio Management Methods and Implementing a Portfolio Management Information System

by SambittExecution October 1, 2019June 18, 2025No Comments

With the adoption of portfolio management, it is important that organizations synchronize their portfolio management methods with their organizational planning. For example, defining and authorizing the right components at the right time should be aligned with the organization’s goal.It is a good idea to integrate the portfolio management processes into the established processes of the …

Weighted Scoring Model in Portfolio Management

by SambittExecution April 11, 2019June 18, 2025No Comments

Project portfolio management presents a complex set of challenges: Primarily multiple projects need to be configured and managed in a way to enhance the long-term strategic value of the portfolio while considering multiple criteria and interdependencies. Value maximization has been stated as one of the key goals in project portfolio management. The starting point for …

Aligning a portfolio with Org Strategy

by SambittExecution March 26, 2019February 5, 2025No Comments

Lets look into the relevance of the portfolio alignment with the Organisational Strategy. For that, let us first understand what is organizational strategy, and then look at how portfolios align with that strategy. Organizational Strategy: Michael Porter says that strategy is about competitive position and about differentiating yourself in the eyes of the customer, and …

Defining, Aligning, Authorizing and Controlling a Portfolio

by SambittExecution March 19, 2019June 19, 2025No Comments

In this session, we will look into the important concepts around the Project Portfolio Management process. The key flows around portfolio management are Defining, Aligning, Authorizing and Controlling a portfolio. Defining: This function is focused on planning and identifying the corporate organizational strategy needed to deliver that strategy over a period of time. This includes creating key …

The Case for Portfolio Management

by SambittExecution February 18, 2019June 19, 2025No Comments

As mentioned in my earlier post, “Project portfolio management — or simply portfolio management — is defined as the “centralized management of one or more portfolios that enable executive management to meet organizational goals and objectives through efficient decision making on portfolios, projects, programs and operations.” So who really needs portfolio management? A start up company or one who is responsible for investment and work to be accomplished within an …

Scrum or Kanban? It depends on the type of project

by SambittExecution February 26, 2018February 5, 2025No Comments

The Agile framework has 2 significant or Key methodologies in today’s software project environment. Both are equally efficient and produce results. However, if the right methodology is used after accessing the project you are handling, that is when you get the right results. Also, over a period of time, as the organization project management model changes, …

Portfolio Management

by SambittExecution November 5, 2017June 18, 2025No Comments

On request from many, I am posting this article to cover the fundamentals on portfolio management. So what is portfolio management?There are many definitions available in different books and on the net. But, I would like to go with the standard one provided in PMI.“Project portfolio management — or simply portfolio management — is defined as the “centralized management of one or more portfolios that …

Actionables from Successful PMO's

by SambittExecution September 24, 2017February 5, 2025No Comments

In my previous article, I mentioned about what successful PMO’s do at the strategic level. To sum it up, they are strategically aligned, a vital part of the planning team, embrace core competencies, and show consistency in the project execution and yet flexible in their approach to managing change.So, the PMO have following key areas …

What successful PMO's do?

by SambittExecution September 17, 2017June 19, 2025No Comments

In today’ rapidly changing business environment, Project Management Offices (PMO’s) struggle to provide adequate support for the shifting priorities and faster delivery cycles. The basic reason for a PMO’s failure in an organisation has been that they have remained stuck to solely reporting and prioritization function focused on tactical project management. However, the need of …

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Vital signs that tells you that Scope Management needs attention in your organization

by SambittExecution May 14, 2017June 18, 2025No Comments

Almost all projects would have a scope defined base. Those projects that don’t have a proper scope management in place would definitely be at a peril. Though most of the managers realize the importance of scope management in the first place, they almost fail to execute it properly. Either the processes are in place, but …

Tips to Conduct Successful Meetings

by SambittExecution, Ideas & Concepts May 14, 2017June 18, 2025No Comments

Meetings are normally conducted to help discuss certain problems or options and come up with a viable solution. There can be different kinds of meetings such as: 1) Meetings with clients to sell, to discuss on strategies to provide the best service, to trouble shoot problems related to product/ service etc…. 2) Meetings with internal stakeholders within …

Leadership Skills at all Levels for Project Success

by SambittExecution, Leadership May 14, 2017June 18, 2025No Comments

Talking about successful projects, one aspect that comes to everyone’s mind is leadership skill needed to drive the project. When we talk of leadership skills, we normally attribute it to senior management at the programme or organisational level. What we do not realise is that leadership is actually required or rather necessary at all levels …

10 Key Steps to Revive a Project

by SambittExecution May 14, 2017June 18, 2025No Comments

We all talk about successful projects and discuss mostly on pointers to make our project successful. However, what if a project is already in a difficult situation? For such projects, there are some common but yet critical steps that can be taken to help revive the project back. Projects commonly suffer from delays in …

Why Scrum Projects Fail?… and how to solve it?

by SambittExecution May 14, 2017June 18, 2025No Comments

Having discussed about the importance of project management processes in Agile Scrum in my previous blog, let us now look at the reasons why Scrum projects fail and then we shall look at the approach to solve these problems to help achieve successful Agile Scrum projects. Re-iterating some key points on Agile Scrum… We now …

5 Agile Myths Clarified

by SambittExecution May 14, 2017June 18, 2025No Comments

Having discussed about the importance of project management processes in Agile Scrum in my previous blog, let us look at 5 key Agile myths due to which scrum projects fail. As discussed earlier, for many who are implementing Agile, they feel as if they have found a panacea to all project related problems. It seems …

Agile or Waterfall? Criteria demystified…

by SambittExecution May 14, 2017June 18, 2025No Comments

One of the major concerns across many organisations is whether to go for Agile or Waterfall methodology. Most of the project managers higher up in the corporate ladder have to take this decision. And this becomes more difficult when one has the pressure to deliver a successful project at the end. Thankfully, there are certain …

Scope Management – a practical approach

by SambittExecution May 14, 2017June 18, 2025No Comments

It is easy to list the processes involved in managing the scope of a project. 1) Collecting Requirements 2) Defining the scope 3) Creating and base lining the WBS – re-base lining whenever there is relevant/ agreed scope changes with clear impact on time and cost. 4) Controlling the scope through integrated change control. 5) …

Making Cookies!! The project Management way

by SambittExecution May 14, 2017June 18, 2025No Comments

The next time when you make cookies, just observe the processes involved in it. And you will realize that it is nothing different from the processes we follow in project management. 1) Initiating process: It all starts from Needs. This is where you decide what you need. You research on what and how you want to …

3 Tips for Effective Planning

by SambittExecution April 16, 2017June 18, 2025No Comments

Program and Project managers are always at the edge of their seat when it comes to planning. In a common release cycle, while one release cycle is coming to a close, the next one is already in execution phase, while one needs to look into the planning aspects of the forthcoming release. So, a program …