About PPM Execution:
PPM Execution is a portfolio management blog for sharing current thoughts about project portfolio management. This portfolio management blog also gives me the opportunity to share articles and white papers which contain great information and provide business management tools. There are very few websites designed for portfolio management practitioners and my intention is to fill a gap on the web.
About Tim Washington:
I am a portfolio management professional (PfMP) with a passion for portfolio management. I have helped implement project portfolio management (PPM) standards and PMO’s at Fortune 500 companies and focus on
helping companies build smarter and healthier organizations through portfolio management disciplines in order to improve overall execution and realize strategic goals. I am a strong believer in “right-sizing” portfolio management to fit the organization so that the right processes are utilized to make an organization effective without creating a bureaucracy. I have spoken at various nationwide conferences:
• Project World 2011, Orlando, FL “How to Right-Size Your Portfolio Management Implementation”
• Project Management Institute (PMI) Puget Sound Chapter, May 2012, “How to Right-Size Your Portfolio Management Implementation”
• Boeing Project Management Conference, Everett, WA, October 2012 “Leadership, Strategic IQ, and Organizational Health: How Portfolio Management Ties It All Together”
• CampIT, Chicago, IL, March 2013 “Building Smarter and Healthier Organizations Through Project Portfolio Management”
Get From Point A to Point B
I am a Senior Associate at Point B, a management consulting firm that helps our clients develop strategic insights and translate them into impact. Our clients look to us for industry and functional expertise combined with our ability to execute. Point B is regularly honored by many publications as an exceptional place to work, including the Wall Street Journal and Consulting Magazine. We have led 150+ PMO/PPM engagements since 2004 across a diverse set of industries. If you would like more information on how to take your PMO or PPM practice to the next level, contact me at twashington@pointb.com
Well done Tim, and excellent site!
This is interesting and important topic as well. So many organisations, with the very best of intentions, create Project Overload and this then becomes Corporate “Initiativitis”. It is like adding a couple of spoons of sand to the engine oil! It just clogs up the engine of business growth.
I have a background in Project / Programme management, Change Management as well as Lean as a Business System. I would argue that every enterprise needs to develop its own Business Operating and Development System, or BODS as I call it! This overall BODS has to be able to manage and balance the business change agenda, for both Continuous Improvement and Breakthrough Change. Within Lean it is the Policy Deployment process that drives engagement of all business associates in the process of aligning Strategic Execution with Lean based Operational Excellence.
Thank you Denis for the comments. I am familiar with, but no expert in, Policy Deployment (Hoshin). However, after reading the following article, there are many overlaps between portfolio management and Policy Deployment: http://www.gembapantarei.com/2009/09/three_risks_of_implementing_lean_without_policy_de.html
Thank you.
Tim
Tim,
Love the blog! Have added you to my blogroll at http://executionengines.com/gettingitdone
Regards,
Mark
Mark, thank you for adding me to your blogroll.
Tim
Such a useful blog, Tim! I’m a last-year student, interesting about PPM. I will be making my undergrad thesis in Prioritization in Government sector. Thanks for some knowledge you’ve shared! I think, I wanna have some discussion with you sometime, if it’s doesn’t matter to you.
Project Portfolio Management is about more than running multiple projects. Each portfolio of projects needs to be assessed on its business value and adherence
Thanks for share this great content. we also follow https://www.pmg-consult.org/
This site is a great resource. As you say, Project Portfolio Management is a little under-represented in comparison to programme and project management, so it is great to have access to this content.
It has been helpful to solidify some of the ways of working I have implemented in my organisation to get a sense check of being on the right lines (when sometimes it doesn’t feel like it!) as well as giving plenty of learning and ideas for improvements in the future. Keep it going!
Thank you Neil. I would also encourage you to check out our new primary website, Acuity PPM (https://acuityppm.com/blog/) where we have an extensive set of PPM 101 articles.
Thanks for this information.
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A very useful article and source for learning such high-quality information! I appreciate you sharing this useful information.