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Project Portfolio Management Today

Organizations constantly change themselves in many ways, and those changes are brought about through projects and project portfolios. Here is where the notion of a desired future state becomes important. Future state means “a clear definition of destinations that exist in the visions and plans of people who take responsibility for the performance of the organization.” When an organization moves in a direction, a desired future state represents the destination of that direction, and that...

Tough Times - March 31, 2008

Here's the opening of a white paper that's in progress: When economic conditions get tough, leaders and managers look for ways to control costs. One way leaders control costs is to reign in the project budget, and this effort usually starts by asking basic questions: What projects are we working on What projects can we trim What projects can we cut Where do we need to focus our energies These questions lead directly to delicate decisions. In many cases, the projects themselves a
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On Time On Scope - March 11, 2008

I was speaking with an experienced product development manager and we discussed a recent survey from one of the big analysts about project success or failure. He said something that I recognized immediately. "These stats about project failure are completely misleading." He didn't use the word "misleading" but I can't print the word he used. "Here's the problem with all of those studies. The problem is that almost every senior manager I know uses aggressive dates and aggressive scope to pu
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