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 …
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 …
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 …
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 …
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 fundamental question asked very often is what is Project Success? When do you say that a project is really successful. Many a times, you complete a project and realize that it did not add any value to the business and was shelved. Would it be still termed as a successful project? The team would …
1) Ensure early visibility of the project and that sponsors, stakeholders and team members are all aligned. 2) Ensure that project plans have clear ownership. Adhere to relevant and tailored processes for the given project. 3) Ensure that communication plan is set-up much ahead during the initiation stage. Focus on effective communication …
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