Program Management Office (PMO) has been an important aspect of any organization delivering products, projects or providing services. PMO is usualy needed for a number of reasons. The benefits of PMO are but not limited to: Bring in consistency in delivering products, projects or services. Provide transparent reporting. Ensure effective investment in all the projects. …
Let us understand the role of the portfolio manager and how it differs from the role of project and program managers. Unlike project and program managers, portfolio managers do not actually manage work or teams, although they may have a portfolio management team. They manage the intake and performance of the portfolio, as well as …
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 …
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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 …
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 …
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, …
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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 …
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 …
Read more “Vital signs that tells you that Scope Management needs attention in your organization”
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 …
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 …
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 …
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 …
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 …
You may be focused on your Agile processes, tools and techniques. But, all this may not be delivering the right value to the customer. At the end of the day, it’s the customer who has to be benefit from the deliveries made through iterations and Release delivery. If we re-look at the traditional Iron triangle, …
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All Agile methodologies mostly share the same philosophy expressed in the Agile manifesto, but they differ in terms of the practices, processes and techniques. The Agile Manifesto was signed on Feb 2001 by 17 leading software developers, where the idea is to uncover better ways of developing software through execution and helping or enabling others …
Some projects are very critical from the point of view of – Customer expectations – An early adopter going live who would take a decision on whether to invest in your product or services, or – Existing customer who could be a major bread earner for your company or having strong political clout. In such …
The other day, one of the project managers posed an interesting question: If we plan well in ahead, are we still agile? And the subsequent reasoning was: In Agile, we don’t need to plan in the real sense. I resolved his doubts and also thought of sharing the wisdom with the world. First …
Here are 3 quick and effective tips for successful projects based on my experience in handling projects. These tips are applicable for almost all type of projects irrespective of whether they are small, medium or large. What can vary is the level and magnitude to which you apply these tips. Alignment to the vision: Most …
A project kickoff is extremely useful to ensure that all the stakeholders are aligned to the project right during the beginning of the project itself. Hence, if utilized well, it can reap many benefits during the course of the project. So, while doing a project kick off, be aware that it can be very crucial …
Read more “4 Key points to take care during a Project Kickoff”
Most of the time, we face this question while tracking our projects. “Are the team members really working on the project so as to complete the deliverables on time?” If not all, the doubt comes when we observe a couple of team members giving a positive status but we do not see substantial progress in …
Project Governance provides the project team with the overall structure, processes and tools that help the team to deliver the project successfully. Though it may look similar to an organizational governance, but is distinct in the sense that it aligns with the overall organizational governance to help provide governance to the projects to help ensure …
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