11
eBook Mastering Portfolio Management Modeling the Most Valuable Project Mix
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
1
eBook
Mastering Portfolio ManagementModeling the Most Valuable Project Mix
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
2
WHATrsquoS IN THIS EBOOK
bull Introduction The Well-Run PMO
bull Three Signs of Trouble with Your Project Portfolio Management
bull ThreeThingstoDoTodayforMoreEffectivePortfolioManagement
bull Highest Value Projects Powerful Practices from Real Companies
bull About KeyedIn Projects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
3
Introduction
The Well-Run PMOAwell-runprojectmanagementoffice(PMO)bringsexponentialvaluetothecompanyResearchthatexploredthetop25ofprojectmanagementofficesfoundthataneffectivePMOcanhaveasignificantbusinessimpactincluding 1 43improvementinstrategicalignment2 $175Kcostsavingsperproject3 25decreaseinfailedprojects
Thesekindsofresultsareachievedthroughacoordinatedcontrolledandcompletetop-downeffortthatstartswithanefficientprojectintakeprocessfollowedbycomprehensiveportfoliomanagementwherethemostvaluablemixofprojectsiscomparedandprioritizedFailureinthisstageofthePMOworkflowcanresultinanongoingstruggletoassignvaluetoyourprojectsad-hocrequeststakingpriorityoverstrategicprojectsandupsettingtheportfoliorsquosbalanceandlittletonovisibilityintoprojectcosteffortandcompletiontargets According to Info-Tech Research Groupandvalidatedbythoseofusworkinginthisdisciplineeachdayldquofailuretoalign projects with strategic goals and resource capacity are the most common causes of portfolio waste across organizationsrdquoThatrsquoswhywiththisebookwehavegatheredspecificandactionableportfoliomanagementbestpracticesinoneplacetohelpyourorganizationbetterevaluateandadvocatethevalueimpactandbenefitsofyourprojectportfolios
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
4
Three Signs of Trouble with Your Project Portfolio ManagementIfportfoliomanagementinyourorganizationisbasedonineffectivecriteriayourbusinessisatriskoftoleratingwastefulpetprojectswhichmoveuptheprioritylistdespitecompellingobjectionsadhocprojectswillbeseismicdisruptorsandeveryoneinvolvedfromexecutivesponsorstoadministratorswillhaveadifferentideaofwhatqualifiesasvaluetoyourbusiness
Here are three signs poor portfolio management might be endangering your PMO and your business
1Youhavedifficultypinpointingthebenefitsandvalueofspecificprojectswithinyourportfolioforeffectiveprioritization
2Yourresourcecapacityisunstableandunpredictablebecauseyourprojectmixisvolatileandconstantlyshiftingoftenbasedonwhicheverstakeholdershoutstheloudest
3Youradhocprojectsaregroupedintorandomportfoliosandanalysisofthoseportfoliosislimitedtoahandfulofstandardreports
Three Things to Do Today for More Effective Portfolio Management 1PrioritizeProjectsUsingBusinessValueasaGuideOfcourseweallwantbusinessvalue(returnoninvestmentstrategicimpactandthelike)tobetheldquoultimateyardstickrdquoforwhateverwedoAsGartnerassertsinitsarticleIT Score OverviewforProgramandPortfolioManagementthebusinesscaseforanITarchitectureprojecttoamarketingappshouldbeparamount ldquoA good portfolio process ensures that the right projects
and programs are approved A projectrsquos benefits must be
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
5
articulated at the beginning with a business case rather than being desperately retrofitted at the conclusion of the projectrdquo
ThisisachievedwithaprojectscoringmatrixthatisflexibleandfullyconfigurabletosuittheneedsofmanydifferentcustomersDifferentcriteriabasedonwhatisvaluabletoyourbusinessareusedtogenerateanoverallscoreWithineachofthesecriteriatherearedifferentattributesForexampleforecastedrevenueriskpaybackperiodresourceimpactstrategicalignmentandmoreEachofthesecriteriaisgeneratingametricbehinditwhichthenproducesanoverallscoreForinstanceusingthecriteriaaboveyoumaydeterminethatforagivenportfoliotheamountofrevenuebeinggeneratedisveryimportanttothebusinesswhiletheriskisslightlylessimportantPaybackperiodisevenlessimportantButoverallthesearethecriteriatousetorankandscoreandprioritizetheportfolioofworkldquoSeparatingprojectsizingfromdurationhelpsprojectteammembersmakebetterestimatesInthesamewayseparatingbusinessvaluefromfundingallowsmanagerstoseewhatoutputtheydesirefromtheorganizationIfalltheprojectshaveasmallnumberofpointsrelativetoeachotherthennoonecaresmuchaboutthesetofprojectsrdquoassertsconsultantandexpertJohannaRothmaninherarticleSelecting a Ranking MethodforYourProjectPortfolio
Rothman also counsels that PMO leaders should openly share and be able to explain scores for risks and rewards to stakeholdersandincontextwiththerestoftheportfolioOnelast important measure she urges PMOs to include is how well a givenprojectfitsinwiththeorganizationrsquosmissionsandvalues
2ModeltheMostValuableMixofProjectsUsing a what-if scenario planning feature will allow you to forecastmoreeffectivelysothatyourportfolioisaccuratelyweighted ndash and includes the most impactful mix of projects ndash
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
2
WHATrsquoS IN THIS EBOOK
bull Introduction The Well-Run PMO
bull Three Signs of Trouble with Your Project Portfolio Management
bull ThreeThingstoDoTodayforMoreEffectivePortfolioManagement
bull Highest Value Projects Powerful Practices from Real Companies
bull About KeyedIn Projects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
3
Introduction
The Well-Run PMOAwell-runprojectmanagementoffice(PMO)bringsexponentialvaluetothecompanyResearchthatexploredthetop25ofprojectmanagementofficesfoundthataneffectivePMOcanhaveasignificantbusinessimpactincluding 1 43improvementinstrategicalignment2 $175Kcostsavingsperproject3 25decreaseinfailedprojects
Thesekindsofresultsareachievedthroughacoordinatedcontrolledandcompletetop-downeffortthatstartswithanefficientprojectintakeprocessfollowedbycomprehensiveportfoliomanagementwherethemostvaluablemixofprojectsiscomparedandprioritizedFailureinthisstageofthePMOworkflowcanresultinanongoingstruggletoassignvaluetoyourprojectsad-hocrequeststakingpriorityoverstrategicprojectsandupsettingtheportfoliorsquosbalanceandlittletonovisibilityintoprojectcosteffortandcompletiontargets According to Info-Tech Research Groupandvalidatedbythoseofusworkinginthisdisciplineeachdayldquofailuretoalign projects with strategic goals and resource capacity are the most common causes of portfolio waste across organizationsrdquoThatrsquoswhywiththisebookwehavegatheredspecificandactionableportfoliomanagementbestpracticesinoneplacetohelpyourorganizationbetterevaluateandadvocatethevalueimpactandbenefitsofyourprojectportfolios
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
4
Three Signs of Trouble with Your Project Portfolio ManagementIfportfoliomanagementinyourorganizationisbasedonineffectivecriteriayourbusinessisatriskoftoleratingwastefulpetprojectswhichmoveuptheprioritylistdespitecompellingobjectionsadhocprojectswillbeseismicdisruptorsandeveryoneinvolvedfromexecutivesponsorstoadministratorswillhaveadifferentideaofwhatqualifiesasvaluetoyourbusiness
Here are three signs poor portfolio management might be endangering your PMO and your business
1Youhavedifficultypinpointingthebenefitsandvalueofspecificprojectswithinyourportfolioforeffectiveprioritization
2Yourresourcecapacityisunstableandunpredictablebecauseyourprojectmixisvolatileandconstantlyshiftingoftenbasedonwhicheverstakeholdershoutstheloudest
3Youradhocprojectsaregroupedintorandomportfoliosandanalysisofthoseportfoliosislimitedtoahandfulofstandardreports
Three Things to Do Today for More Effective Portfolio Management 1PrioritizeProjectsUsingBusinessValueasaGuideOfcourseweallwantbusinessvalue(returnoninvestmentstrategicimpactandthelike)tobetheldquoultimateyardstickrdquoforwhateverwedoAsGartnerassertsinitsarticleIT Score OverviewforProgramandPortfolioManagementthebusinesscaseforanITarchitectureprojecttoamarketingappshouldbeparamount ldquoA good portfolio process ensures that the right projects
and programs are approved A projectrsquos benefits must be
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
5
articulated at the beginning with a business case rather than being desperately retrofitted at the conclusion of the projectrdquo
ThisisachievedwithaprojectscoringmatrixthatisflexibleandfullyconfigurabletosuittheneedsofmanydifferentcustomersDifferentcriteriabasedonwhatisvaluabletoyourbusinessareusedtogenerateanoverallscoreWithineachofthesecriteriatherearedifferentattributesForexampleforecastedrevenueriskpaybackperiodresourceimpactstrategicalignmentandmoreEachofthesecriteriaisgeneratingametricbehinditwhichthenproducesanoverallscoreForinstanceusingthecriteriaaboveyoumaydeterminethatforagivenportfoliotheamountofrevenuebeinggeneratedisveryimportanttothebusinesswhiletheriskisslightlylessimportantPaybackperiodisevenlessimportantButoverallthesearethecriteriatousetorankandscoreandprioritizetheportfolioofworkldquoSeparatingprojectsizingfromdurationhelpsprojectteammembersmakebetterestimatesInthesamewayseparatingbusinessvaluefromfundingallowsmanagerstoseewhatoutputtheydesirefromtheorganizationIfalltheprojectshaveasmallnumberofpointsrelativetoeachotherthennoonecaresmuchaboutthesetofprojectsrdquoassertsconsultantandexpertJohannaRothmaninherarticleSelecting a Ranking MethodforYourProjectPortfolio
Rothman also counsels that PMO leaders should openly share and be able to explain scores for risks and rewards to stakeholdersandincontextwiththerestoftheportfolioOnelast important measure she urges PMOs to include is how well a givenprojectfitsinwiththeorganizationrsquosmissionsandvalues
2ModeltheMostValuableMixofProjectsUsing a what-if scenario planning feature will allow you to forecastmoreeffectivelysothatyourportfolioisaccuratelyweighted ndash and includes the most impactful mix of projects ndash
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
3
Introduction
The Well-Run PMOAwell-runprojectmanagementoffice(PMO)bringsexponentialvaluetothecompanyResearchthatexploredthetop25ofprojectmanagementofficesfoundthataneffectivePMOcanhaveasignificantbusinessimpactincluding 1 43improvementinstrategicalignment2 $175Kcostsavingsperproject3 25decreaseinfailedprojects
Thesekindsofresultsareachievedthroughacoordinatedcontrolledandcompletetop-downeffortthatstartswithanefficientprojectintakeprocessfollowedbycomprehensiveportfoliomanagementwherethemostvaluablemixofprojectsiscomparedandprioritizedFailureinthisstageofthePMOworkflowcanresultinanongoingstruggletoassignvaluetoyourprojectsad-hocrequeststakingpriorityoverstrategicprojectsandupsettingtheportfoliorsquosbalanceandlittletonovisibilityintoprojectcosteffortandcompletiontargets According to Info-Tech Research Groupandvalidatedbythoseofusworkinginthisdisciplineeachdayldquofailuretoalign projects with strategic goals and resource capacity are the most common causes of portfolio waste across organizationsrdquoThatrsquoswhywiththisebookwehavegatheredspecificandactionableportfoliomanagementbestpracticesinoneplacetohelpyourorganizationbetterevaluateandadvocatethevalueimpactandbenefitsofyourprojectportfolios
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
4
Three Signs of Trouble with Your Project Portfolio ManagementIfportfoliomanagementinyourorganizationisbasedonineffectivecriteriayourbusinessisatriskoftoleratingwastefulpetprojectswhichmoveuptheprioritylistdespitecompellingobjectionsadhocprojectswillbeseismicdisruptorsandeveryoneinvolvedfromexecutivesponsorstoadministratorswillhaveadifferentideaofwhatqualifiesasvaluetoyourbusiness
Here are three signs poor portfolio management might be endangering your PMO and your business
1Youhavedifficultypinpointingthebenefitsandvalueofspecificprojectswithinyourportfolioforeffectiveprioritization
2Yourresourcecapacityisunstableandunpredictablebecauseyourprojectmixisvolatileandconstantlyshiftingoftenbasedonwhicheverstakeholdershoutstheloudest
3Youradhocprojectsaregroupedintorandomportfoliosandanalysisofthoseportfoliosislimitedtoahandfulofstandardreports
Three Things to Do Today for More Effective Portfolio Management 1PrioritizeProjectsUsingBusinessValueasaGuideOfcourseweallwantbusinessvalue(returnoninvestmentstrategicimpactandthelike)tobetheldquoultimateyardstickrdquoforwhateverwedoAsGartnerassertsinitsarticleIT Score OverviewforProgramandPortfolioManagementthebusinesscaseforanITarchitectureprojecttoamarketingappshouldbeparamount ldquoA good portfolio process ensures that the right projects
and programs are approved A projectrsquos benefits must be
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
5
articulated at the beginning with a business case rather than being desperately retrofitted at the conclusion of the projectrdquo
ThisisachievedwithaprojectscoringmatrixthatisflexibleandfullyconfigurabletosuittheneedsofmanydifferentcustomersDifferentcriteriabasedonwhatisvaluabletoyourbusinessareusedtogenerateanoverallscoreWithineachofthesecriteriatherearedifferentattributesForexampleforecastedrevenueriskpaybackperiodresourceimpactstrategicalignmentandmoreEachofthesecriteriaisgeneratingametricbehinditwhichthenproducesanoverallscoreForinstanceusingthecriteriaaboveyoumaydeterminethatforagivenportfoliotheamountofrevenuebeinggeneratedisveryimportanttothebusinesswhiletheriskisslightlylessimportantPaybackperiodisevenlessimportantButoverallthesearethecriteriatousetorankandscoreandprioritizetheportfolioofworkldquoSeparatingprojectsizingfromdurationhelpsprojectteammembersmakebetterestimatesInthesamewayseparatingbusinessvaluefromfundingallowsmanagerstoseewhatoutputtheydesirefromtheorganizationIfalltheprojectshaveasmallnumberofpointsrelativetoeachotherthennoonecaresmuchaboutthesetofprojectsrdquoassertsconsultantandexpertJohannaRothmaninherarticleSelecting a Ranking MethodforYourProjectPortfolio
Rothman also counsels that PMO leaders should openly share and be able to explain scores for risks and rewards to stakeholdersandincontextwiththerestoftheportfolioOnelast important measure she urges PMOs to include is how well a givenprojectfitsinwiththeorganizationrsquosmissionsandvalues
2ModeltheMostValuableMixofProjectsUsing a what-if scenario planning feature will allow you to forecastmoreeffectivelysothatyourportfolioisaccuratelyweighted ndash and includes the most impactful mix of projects ndash
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
4
Three Signs of Trouble with Your Project Portfolio ManagementIfportfoliomanagementinyourorganizationisbasedonineffectivecriteriayourbusinessisatriskoftoleratingwastefulpetprojectswhichmoveuptheprioritylistdespitecompellingobjectionsadhocprojectswillbeseismicdisruptorsandeveryoneinvolvedfromexecutivesponsorstoadministratorswillhaveadifferentideaofwhatqualifiesasvaluetoyourbusiness
Here are three signs poor portfolio management might be endangering your PMO and your business
1Youhavedifficultypinpointingthebenefitsandvalueofspecificprojectswithinyourportfolioforeffectiveprioritization
2Yourresourcecapacityisunstableandunpredictablebecauseyourprojectmixisvolatileandconstantlyshiftingoftenbasedonwhicheverstakeholdershoutstheloudest
3Youradhocprojectsaregroupedintorandomportfoliosandanalysisofthoseportfoliosislimitedtoahandfulofstandardreports
Three Things to Do Today for More Effective Portfolio Management 1PrioritizeProjectsUsingBusinessValueasaGuideOfcourseweallwantbusinessvalue(returnoninvestmentstrategicimpactandthelike)tobetheldquoultimateyardstickrdquoforwhateverwedoAsGartnerassertsinitsarticleIT Score OverviewforProgramandPortfolioManagementthebusinesscaseforanITarchitectureprojecttoamarketingappshouldbeparamount ldquoA good portfolio process ensures that the right projects
and programs are approved A projectrsquos benefits must be
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
5
articulated at the beginning with a business case rather than being desperately retrofitted at the conclusion of the projectrdquo
ThisisachievedwithaprojectscoringmatrixthatisflexibleandfullyconfigurabletosuittheneedsofmanydifferentcustomersDifferentcriteriabasedonwhatisvaluabletoyourbusinessareusedtogenerateanoverallscoreWithineachofthesecriteriatherearedifferentattributesForexampleforecastedrevenueriskpaybackperiodresourceimpactstrategicalignmentandmoreEachofthesecriteriaisgeneratingametricbehinditwhichthenproducesanoverallscoreForinstanceusingthecriteriaaboveyoumaydeterminethatforagivenportfoliotheamountofrevenuebeinggeneratedisveryimportanttothebusinesswhiletheriskisslightlylessimportantPaybackperiodisevenlessimportantButoverallthesearethecriteriatousetorankandscoreandprioritizetheportfolioofworkldquoSeparatingprojectsizingfromdurationhelpsprojectteammembersmakebetterestimatesInthesamewayseparatingbusinessvaluefromfundingallowsmanagerstoseewhatoutputtheydesirefromtheorganizationIfalltheprojectshaveasmallnumberofpointsrelativetoeachotherthennoonecaresmuchaboutthesetofprojectsrdquoassertsconsultantandexpertJohannaRothmaninherarticleSelecting a Ranking MethodforYourProjectPortfolio
Rothman also counsels that PMO leaders should openly share and be able to explain scores for risks and rewards to stakeholdersandincontextwiththerestoftheportfolioOnelast important measure she urges PMOs to include is how well a givenprojectfitsinwiththeorganizationrsquosmissionsandvalues
2ModeltheMostValuableMixofProjectsUsing a what-if scenario planning feature will allow you to forecastmoreeffectivelysothatyourportfolioisaccuratelyweighted ndash and includes the most impactful mix of projects ndash
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
5
articulated at the beginning with a business case rather than being desperately retrofitted at the conclusion of the projectrdquo
ThisisachievedwithaprojectscoringmatrixthatisflexibleandfullyconfigurabletosuittheneedsofmanydifferentcustomersDifferentcriteriabasedonwhatisvaluabletoyourbusinessareusedtogenerateanoverallscoreWithineachofthesecriteriatherearedifferentattributesForexampleforecastedrevenueriskpaybackperiodresourceimpactstrategicalignmentandmoreEachofthesecriteriaisgeneratingametricbehinditwhichthenproducesanoverallscoreForinstanceusingthecriteriaaboveyoumaydeterminethatforagivenportfoliotheamountofrevenuebeinggeneratedisveryimportanttothebusinesswhiletheriskisslightlylessimportantPaybackperiodisevenlessimportantButoverallthesearethecriteriatousetorankandscoreandprioritizetheportfolioofworkldquoSeparatingprojectsizingfromdurationhelpsprojectteammembersmakebetterestimatesInthesamewayseparatingbusinessvaluefromfundingallowsmanagerstoseewhatoutputtheydesirefromtheorganizationIfalltheprojectshaveasmallnumberofpointsrelativetoeachotherthennoonecaresmuchaboutthesetofprojectsrdquoassertsconsultantandexpertJohannaRothmaninherarticleSelecting a Ranking MethodforYourProjectPortfolio
Rothman also counsels that PMO leaders should openly share and be able to explain scores for risks and rewards to stakeholdersandincontextwiththerestoftheportfolioOnelast important measure she urges PMOs to include is how well a givenprojectfitsinwiththeorganizationrsquosmissionsandvalues
2ModeltheMostValuableMixofProjectsUsing a what-if scenario planning feature will allow you to forecastmoreeffectivelysothatyourportfolioisaccuratelyweighted ndash and includes the most impactful mix of projects ndash
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincom Mastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
6
accordingtobusinessvalue
YourPMOleadersoftenmustprioritizefiniteresourcesbasedonwhichprojectswillhavethemoststrategicimpactWhennewprojectsariseinvestmentsshouldbejustifiedaccordingtosolidanalysisofthenewmixrsquosriskbenefitagainsttherestoftheprojectsintheportfolioWithouteffectivemodelinginadvanceitrsquoseasytomisunderstandwhatbenefitsyoucanexpectfromwhichprojectsTheburdenofthisanalysisisgreatwithoutthepropertoolsanddesignatedresourcesforeffectivemodeling
Ideallymodelingmovementoftheprojectanditsassociateddemandonresourcesshouldbedoneinaldquowhat-ifrdquoenvironment(ieitdoesnrsquotimpactproductiondata)beforeyoucommittotheoptimummixofprojectsAndfortheseprojectmixesndashevenwhenthereareslightdifferencesinthenumberofprojectsanduniquestartdatesndashyoursquollwanttobeabletocreatedifferentversionsorsnapshotsofanygivenportfolioandultimatelycompareoneagainstanother
What-ifscenarioplanningtoolsandcommunicationsdeliveryforwhat-ifdecisionsmustbeinreal-timeaccessedbytherightpeoplefromanywhereandeasytoconfigureorbebuilt-intothePPMtoolIfnotyourPMOisnrsquotagileenoughtorespondtoclientorbusinessneedsWiththerightdashboardsandcollaborationtoolsyourwhat-ifscenarioplanningcanbeastransparentaspossibleevidencingtoallwhoworkwithyouthatyourportfoliomanagementcapabilityisonsolidground
3ShoreUpYourPMOrsquosAbilitytoHandleAdHocProjectsAdhocreviewofnewprojectsstartswithasolidintakepractice(seepartoneoftheseriesMasteringProjectIntakeTheFirstSteptoanEffectivePMO)AndifyourPMtoolpossessesonlyhierarchicalreportingcapabilitiesinaheavilymatrixedportfolioyoursquollneverbeabletoconfidentlymanagead-hocprojects
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedincomMastering Portfolio Management Modeling the Most Valuable Project Mix - eBook
7
An antidote to this limitation should support the ability to create portfoliosontheflyutilizingprojectmetadatatogroupyourprojectsbyanyattributeyoucaretodefinesuchascurrentstatuslocationtypetechnologyorcomplexityForexampleyoucouldcreateauser-definedfiltertogrouponlyprojectsthattargetacertaingeographyauniqueprogressstatusorevenbyexecutivesponsor
An ability to group ad hoc projects on a fully customized basis is essentialtoeffectiveportfoliomanagementbecausethePMOisnotastaticorganizationPrioritiesstrategiesresourcesetcchangefrequentlysometimesdailyWhatevertoolorprocessyouusetoexecuteportfoliomanagementbecertainitsupportsthisldquoportfolioinsightsrdquocapabilityWithoutitanychangestothePMOrsquosplanswillrequireaheavymanualreportingeffortWithitdashboards can be personalized to manage any mix of projects andportfoliosboostinginternalperformanceandcompetitiveadvantageasyoustrivetorespondtoarapidlychangingbusinessenvironment
Highest Value Projects
Powerful Practices from NashTech and Alliance HealthcareWhentheirportfoliomanagementwasintroublethesetwocompanies turned to KeyedIn Projects to safeguard their success
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
NashTech
Portfoliomanagementthattakesplaceinasiloedpaper-basedvacuumisdestinedtofailClientNashTechwhichprovidesspecialistapplicationdevelopmentandtestingforarangeofindustrieswasusingpaper-basedprocessestomanageitsportfolioTheirprojectsrangedfrom50man-daysupto10000includingoffshoredevelopmentandfixedpriceprojectsalongwithongoingAgiledevelopmentcontracts
ReportswereinconsistentacrossdifferentpartsofthebusinessanddecidedlyhierarchicalandsiloedldquoWenowhaveaconsistentreportingframeworkthatmakesiteasiertospotissuesandprovidesaclearunderstandingofprojectandresourcestatusrdquoaccordingtoStanMinterDeliveryDirectorofNashTechldquoWeuseittodriveourannualbudgetingrevenueandrecruitmentforecastsmakingresourcingdecisionsbasedontheskillsweknowwersquollneed
ldquoTomanageresourcesacrossthewholeportfoliowefollowastrictweeklyreportingcyclerdquohesaidldquoKeyedInProjectshashelpedusstandardizethatparticularlyaroundtimebookedandproductivityWecantrackactualtimeagainstpre-salespredictionsThatgivesus the knowledge we need to authorize additional resourcesrdquo
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
Alliance Healthcare
ManyhealthcareandITservicesportfoliomanagersmustinsertnewlyprioritizedprojectsintothemixAllianceHealthcarealeadingdistributorandwholesalerofpharmaceuticalmedicalandhealthcareproductsrequiredenhancedportfoliomanagementcapabilitiesforreal-timestatusvisibilitymosturgentlytoobtainaccurateprojectcostingLackofvisibilitypreventedthem from remaining agile in the face of constantly changingcustomerneeds
ldquoWenowunderstandwhohasbeenworkingonwhatandhowmuchitiscostinghellipwesavealotoftimeandcanmakequickandaccurateproject(prioritization)decisionsrdquosaidanAllianceHealthcareDivisionalITleaderInadditioncost-benefitsanalyseshelptheorganizationprioritizeaccordingtobusinessvalueandforecastappropriately
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
Consider KeyedInreg Projects
If your organization stuggles with the portfolio management challengesdescribedinthisebookndashincludingeffectiveandjustifiableprojectprioritizationlittlevisibilityintoresourcecapacityandaconstantlychanginglistofadhocprojectsndashitrsquostimetoconsiderKeyedInProjects
KeyedInProjectsenablesyourPMOtobemorestrategicmoreefficientanddelivergreaterbusinessimpactbyallowingyoutoeasilyforecastandallocateresourcescreateandanalyzeportfoliosgainvisibilitytoallyourprojectsanddiscovernewinsightsthroughdynamicPPManalytics
StarttodaybyrequestingafreeproducttrialorbycallingoneofourPPMexpertsat+1-877-932-4402or+44(0)1274863300
i State of the PMO 2016ii Westland Jason ldquoWhat We Liked Project Executionrdquo Max Wideman Blog Accessed January
9 2018 httpwwwmaxwidemancompaperslife_cycleexecutionhtmiii Sharma Rupen PMP ldquoProject Execution Process Group Put Your Plan to Workrdquo Brightspot PM
blog Accessed January 8 2018 httpwwwbrighthubpmcomproject-planning1674-project-execution-putting-your-plan-to-work
iv ldquoHow Well Do You Know the Executing Process Grouprdquo Master of Project Academy accessed January 2 2018 httpsblogmasterofprojectcomproject-execution-process-group
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
wwwkeyedinerpcom Break Up with Spreadsheets to Gain End-to-End Manufacturing Visibility
Corporate Headquarters5001AmericanBlvdWestSuite 1010MinneapolisMN55437USAp+18666626820
EMEA HeadquartersMaple HouseWoodland ParkWestYorkshireBD196BWUKp+44(0)1274863300
Copyrightcopy2018KeyedInSolutionsAllrightsreserved
wwwkeyedincom
