Project Portfolio Management – An Overview | Simplilearn

Simplilearn

Project Portfolio Management Types of ITS Portfolio Management: Project Portfolio Management, Application Portfolio Management and Infrastructure Portfolio Management Many IT organizations lack adequate governance resulting in sub-optimal realization of business benefits.

Lean Portfolio Management Blog Series Part 4: Tooling

Cprime

In the previous articles in this series, we’ve discussed the dangers of “imitation” lean portfolio management (LPM) , the steps required to set up effective LPM in your organization, and the importance of connecting all levels of the organization, so there are no gaps in your data.

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Lean Portfolio Management Blog Series Part 1: An Overview

Cprime

” Lean Portfolio Management (LPM) is supposed to be a world-changing paradigm shift that promises to boost productivity, time to market, quality, customer satisfaction, revenue, and a host of other vital business metrics. SAFe Lean Portfolio Management safe

Lean Portfolio Management Blog Series Part 3: Organizing for Value

Cprime

Organizing Value Streams and Portfolios. One of the most significant changes that impacts an organization moving to lean portfolio management is reorganizing the workflows, funding, and governance around value streams rather than skill silos. Traditional project management.

Lean Portfolio Management Blog Series Part 2: Strategic Alignment

Cprime

In the previous installment of this blog series we provided an overview of the signs of imitation Lean Portfolio Management (LPM). A living, breathing strategy becomes apparent in the approval and management of work. They have a portfolio kanban with clearly defined exit states.

Implementing a Cohesive Approach to Agile Portfolio Management in 2020

Smart Data Collective

The reason is that Agile project management practices really work and are proven effective. This article is about the phenomenon of Agile Portfolio Management, its benefits, and a step-by-step plan of how to implement it. What is Agile Portfolio Management?

The complete guide to portfolio management

Monday

Portfolio management ensures that an organization can successfully select, manage, and execute projects on a grand scale. According to the Project Management Institute , it’s “a way to bridge the gap between strategy and implementation.” . What is portfolio management?

Lean Portfolio Management w/ Tina Wang

Leading Agile

This week in LeadingAgile’s SoundNotes, Tina Wang spends some time with Dave talking about Lean Portfolio Management. During the conversation, Tina and Dave cover exactly what Lean Portfolio Management is and how it differs from a more traditional approach to Portfolio Management.

Why free portfolio management software just won’t cut it

Monday

How do you manage 2, 5, or 10+ projects at once? The answer: project portfolio management. It allows you to track and manage your entire project portfolio (collection of projects). What’s free portfolio management software?

Here’s everything you should know about project portfolio management

Monday

That’s where portfolio project management comes into play. Portfolio project management avoids overspending, removes inefficiencies, manages change more effectively, allows for better decision making, and helps you prioritize high-value projects. Manage and monitor.

Agile Portfolio Management—A Preferred Approach When Investment Dollars Shrink

Agile Connection

As you adopt Agile principles it is important to understand the critical difference between Agile Project Management and Agile Portfolio Management—and that you can have one without the other

Agile Portfolio Management—A Preferred Approach When Investment Dollars Shrink

CMCrossroads

As you adopt Agile principles it is important to understand the critical difference between Agile Project Management and Agile Portfolio Management—and that you can have one without the other

Leadership Tip #10: Commit Coherent & Meaningful Work to a Team

Johanna Rothman

Many managers feel the need to get more and more done. Or the managers might feel the need for more revenue. Some managers deal with this problem by slicing and dicing feature sets into smaller chunks of work. How Managers Make Project Portfolio Decisions.

Six Types of “Product” Owners

Roman Pichler

A feature owner who manages a major capability with which end users interact like search and navigation on an online retailer’s website. A platform owner who manages a platform as a collection of shared software assets. A portfolio owner who manages a group of (related) products.

This Is Not and Cannot Be “Business as Usual”

Johanna Rothman

The managers want to proceed as if the people can work from home and have “business as usual.” Work alone so we don't have to manage bandwidth.). Anyone with another human in the house will have to manage their schedule and work hours.

Pros and Cons of OKRs

Johanna Rothman

If, as a management team, you're having trouble deciding on the project portfolio, you might find OKRs can help. This is why you might use OKRs if you're having trouble deciding on the project portfolio. This is a big Pro: help decide on the project portfolio.

The Focus of Every Agile Coach: Support How the Business Creates Value

Johanna Rothman

Enroll (or somehow persuade) the managers in an agile mindset. (As As an example, how agile do the managers think?). An example: we want lower WIP, but we can't touch the project portfolio.). How should agile coaches work?

Agile 66

Feedback Loops Help When to Centralize or Decentralize Product-Based Decisions

Johanna Rothman

As for the project portfolio? Very few organizations can—or want to—change the project portfolio every month. Every team needs its own agile approach to how they work and how to manage the backlog. Project Portfolio: Yet More Centralized Decisions.

Why Minimize Management Decision Time

Johanna Rothman

I told the story of Cliff, a manager who wanted to understand why the projects were so late. ” I said, “Managers might spend as little as a quarter and as much as a year or two. Teams can manage their delays if they measure their cycle time.

How Little Can You Do (& Still be Effective)

Johanna Rothman

Back in Manage It!, I think that way for management, also. I want to avoid inflicting help as a manager on agile teams. Let Agile Teams Manage Themselves.). Effective agile managers manage a tricky balancing act. They collaborate as managers at various levels of the organization. In a regulated industry, the managers can advocate for more agile approaches with auditors and help clear the way from non-value-add documentation.

Want to Work with Me to Build Your Consulting Practice?

Johanna Rothman

Manage or create your website where you own your own domain. appeared first on Johanna Rothman, Management Consultant. consulting MPD coaching collaboration project portfolio management valueBack in January 2020, I led a Hudson Bay Start to create/build a consulting practice. I'm happy to say it was a success. Not because everyone became a consultant. However, the people who chose to consult found their ways to succeed.

Multiple Short Feedback Loops Support Innovation

Johanna Rothman

The project portfolio). The managers want: The teams to go “faster.” Change the project portfolio more rapidly than the team(s) can finish enough features. The managers say they want innovation, which is why they want the teams to go faster.

Leveraging Software Platforms

Roman Pichler

Platforms offer several benefits: They can help grow a product portfolio faster and cheaper and they can help increase revenue. Take a portfolio like Microsoft Office, for example. Creating a software platform is a new product development (NPD) effort and should be managed accordingly.

How Jira Align Supports Agile Forecasting

Cprime

SAFe’s Lean Portfolio Management ( LPM ) guidance offers a range of well-thought-out practices that provide the right amount of oversight and governance while meeting the requirements of finance organizations to forecast as needed. Overview.

The $5 Billion Funding Frenzy: There’s Never Been A Better Time To Rethink Your HCM Investments

Forrester - Business Intelligence

Some of the recent activity in talent acquisition includes: Entelo acquired ConveyIQ along with new funding and management changes; HireVue received another round of funding via new majority investor The Carlyle Group; Jobvite received a $200M […]. Estimates of venture capital funding for HR technology point to record levels of more than $5 billion in 2019.

How to Create an Agile Project Management Office – 5 Essential Tips

Cprime

When you hear the term “PMO” (commonly known as “Project Management Office”), what’s the first thing that comes to mind? One of the main goals of your Agile Project Management Office should be to deliver projects quickly, even if scope must be reduced.

Want to Work With Me to Start Your Consulting Practice?

Johanna Rothman

appeared first on Johanna Rothman, Management Consultant. consulting MPD coaching collaboration project portfolio management valueI'm conducting a Hudson Bay Start for a new offering: Advise, Influence, and Serve Clients for Mutual Profit: (Re)Start Your Consulting Practice.

Project Portfolio Problems Masquerade as Project Problems

Johanna Rothman

He definitely needs to manage the organizational WIP (Work in Progress) with many fewer projects. That's why a project tool or a portfolio tool doesn't work to see the state. You might need: A value stream map to help managers visualize the problems. A portfolio kanban to see how many projects are in flight. See Visualizing All the Work in Your Project Portfolio and More Ways to Visualize Your Project Portfolio. A potential client called me.

Say No to Mandatory Fun

Johanna Rothman

I keep encountering managers and consultants who want to make work “fun” for people. Yes, everyone—especially the managers—had to play softball as part of a team. The management team expected me to play softball even though I was six months pregnant. My management role suffered because I wasn't managing. At the event, attempt to manage my children's behavior in a strange place with strangers.

Why Product People Should Care About Business Strategy

Roman Pichler

In other words, decide how you should adjust your product portfolio thereby creating the context to allow the product people to make the right strategic choices for their individual products. Which management systems are required? This might involve creating or strengthening a product management organisation and hiring or developing product people who have the right skills to professionally manage digital products. The answer is simple in my mind: executive management.

A Strategy Map

Roman Pichler

As the Strategy Map above shows, you should be aware of the overall business and product portfolio strategy in order to make the right strategic product decisions, as these provide the necessary context. To put it differently, if you don’t know the business and portfolio strategy, or if these plans don’t exist, then it will be hard for you to get the product strategy right and choose, for example, the right market and target group.

Tactical Ideas for Agile Budgeting, Part 1

Johanna Rothman

The managers run around for two or three months in advance of that fiscal year, attempting to predict a ton of things: Estimates for not-well-defined projects or features, Capital equipment or tool needs, “Headcount” aka, people needed. You can’t shove more features than the team can deliver, but you can manage your investment. I talked about a variety of these ideas in Manage Your Project Portfolio.).

Agile 70

Clean Your Backlogs

Johanna Rothman

I've been working at the intersection of the project portfolio and the product roadmaps. Here's what I find when I work with my clients: They have years worth of projects in the project portfolio. I suggested to a client that they delete—yes, erase from their project portfolio tool—any project over three months old. The more stuff we have, the more difficult it is to manage all that stuff. Nice way of managing risk. And the project portfolio?

Presenting Over The Web

IRM Connects

It is a feature of our new reality that we are increasingly communicating through disembodied means (I’m talking web rather than Ouija board here) and this can cause problems for. The post Presenting Over The Web appeared first on IRM Connects, by IRM UK | IT Blog.

What is a Project Charter and Why Do We Need One? | Simplilearn

Simplilearn

Recently, I had the opportunity to volunteer for a not-for-profit organization to manage its website development project. While working with my portfolio manager, I asked him, “What would be one of the first deliverables that you would expect from me.”

This Is Not and Cannot Be ?Business as Usual?

Johanna Rothman

The managers want to proceed as if the people can work from home and have “business as usual.” Work alone so we don't have to manage bandwidth.). Anyone with another human in the house will have to manage their schedule and work hours.

Balance Your Portfolio with the Product Portfolio Matrix

Roman Pichler

The product portfolio matrix , also called growth–share and BCG matrix, wants to help you achieve a balanced portfolio, a portfolio that contains the right mix of young and established products. When you apply the product portfolio matrix to the offerings in an established company, you’d like to see a healthy, balanced portfolio with enough question marks and stars that have the potential to become cash cows. Product Portfolio Matrix and Product Life Cycle.