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Prioritize Projects With A Scoring Model

Tim Washington — Thu, 11 Oct 2018 20:09:10 +0000

EVALUATE YOUR PROJECTS In the previous post, we covered the detailed steps for building a prioritization scoring model. In this post we will cover the steps for how to prioritize projects with a scoring model. Step 4 – prioritize projects using scoring values The last part of the scoring model is to determine the scoring […]

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A Guide to Building a Project Prioritization Scoring Model

Tim Washington — Tue, 04 Sep 2018 06:10:40 +0000

[activecampaign form=9] PRIORITIZATION IN THE CONTEXT OF PROJECT PORTFOLIO MANAGEMENT Portfolio management is about maximizing organizational value delivery through programs and projects. In order to maximize value delivery, the governance teams that approve work and prioritize projects need to share a common view of “value” in order to use a scoring model to select the […]

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Know The Difference Between Work Intake Versus Stage-Gate

Tim Washington — Sun, 01 Apr 2018 00:53:40 +0000

[activecampaign form=9]What is the difference between a work intake process and a Stage-Gate process? This is important to distinguish, especially for newer PMO’s that are setting up portfolio management processes. Work Intake The work intake process refers to the steps of developing a project proposal and bringing it to the governance board (or PMO) for […]

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Portfolio Optimization—Data and Constraints

Tim Washington — Tue, 27 Sep 2016 05:08:48 +0000

[activecampaign form=9]In our hyper-accelerated business world, data analysis and data visualization are exceptionally important. In the realm of project portfolio management (PPM) and PMO’s, organizations need robust data analysis to strengthen decision making and improve strategic execution. The key is to have the right processes in place to collect the right data and ensure that […]

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Improve Portfolio Health By Avoiding Two Portfolio Management Extremes

Tim Washington — Wed, 30 Mar 2016 15:20:58 +0000

Two Simple Questions You can measure your general portfolio health with two simple questions: 1) Do you approve all or almost all of your projects? 2) Are you approving so few projects that people would say you are “cutting to the bone”? These are two portfolio management extremes that we will examine in this post. […]

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Portfolio Reports – Portfolio Bubble Charts

Tim Washington — Sun, 14 Feb 2016 08:06:48 +0000

This is the third post in a series on portfolio management reports. In the first post, we reviewed introductory portfolio management reports that convey the basic dimensions of the portfolio. In the second post we reviewed treemaps and advanced pareto charts that can help identify outlier projects worthy of more scrutiny. In this post we […]

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Portfolio Reports – Part 2

Tim Washington — Mon, 21 Dec 2015 04:58:01 +0000

In the previous post, we reviewed very basic portfolio reports that can easily generated with initial data. In this post we will continue examining portfolio reports with an emphasis on intermediate level reporting. Pareto Chart (Financial Contribution) All companies should have a breakdown of project cost, but not all companies capture project value. For those […]

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Portfolio Reporting Part 1

Tim Washington — Mon, 30 Nov 2015 01:44:04 +0000

In a previous post, I wrote that from a very pragmatic point of view, getting the right data to leadership at the right time is at the heart of good project portfolio management. If the right data is not available for decision makers to use, the issue will be mediocre results at best. In actuality, […]

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Benefits of Social Collaboration

Tim Washington — Sun, 11 Oct 2015 04:32:08 +0000

The Potential for Social Collaboration Innovation is a hot topic in business right now with an ever growing need for companies to deliver better products and services. A key ingredient for fostering innovation is enterprise collaboration. Until a few years ago, collaboration was often limited to smaller teams, but this could introduce a higher risk […]

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Strengthen Talent Management With PPM

Tim Washington — Sat, 30 May 2015 19:33:55 +0000

Is It Just About Talent Acquisition? When people refer to the “war for talent” many discussions center on talent acquisition and try to answer the question “how do we hire the best people?” Although talent acquisition is important, talent development and retention are also very important (you want to keep those great people you hired, correct?). […]

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