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Newsletter“Normal” Portfolio Management : There are two main aspects to portfolio management. The first is the business planning process that ensures that the work that is funded is the most valuable and best aligned to your goals and strategies. This aspect of green portfolio management was explored in a prior article. The second aspect of portfolio management is the ongoing management of the portfolio of work. Just as you need to understand how your financial portfolio is performing, so you also need to understand how your portfolio of work is progressing. This in turn involves two elements – the work that is going on at any given point of time and the resources that are being allocated at this same time.
Green Portfolio Management (Part 1)
Recap of Green Project Management: Green Project Management (GreenPM) integrates environmental thinking into all of the project management decisions. It is a way to ingrain “greenthink™” into every project management process.The point about green project management is not that you make every decision in favor of the one that is most environmentally friendly. The point is that you start to take the environment into account during the decision-making process. You might make most decisions the same as you do today. But there might be some decisions you would make differently. Tens of thousands of projects, making hundreds of thousands of different decisions, could make a difference.
How to Choose a PPM Tool
The demand for project and portfolio management (PPM) solutions is rising as many businesses are looking to find out which projects are absolutely crucial and then execute them successfully.
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How to Utilize Key Performance Indicators in Your Business
Key performance indicators can take your business to the next level by helping you monitor progress towards strategic goals.
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Portfolio Management Best Practice 1 - Indentify Interrelationships
The interaction between projects, programs, and processes within a portfolio can be many and varied; contributing significantly to the challenge of effective portfolio management. Faulted transitioning of resources and/or outputs from one portfolio component to another can greatly delay the progress of these and other components; diminishing the overall portfolio value potential. Therefore, it is critically important to identify interrelated resources and outputs and their relationship constraints to enable upfront coordination planning and effective transitioning.
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