Scarce resources and even scarcer resources. Your project portfolio simply cannot be effective without strategic project prioritization. But how do you prioritize projects that all seem to take priority? In this article, we present three possible prioritization methods: the ranking method, the scoring method, and the domain approach.
The Meisterplan team had a great time participating in the 2018 PMI Global Conference in Los Angeles. We especially enjoyed discussing why portfolio plans work and why they don't. In this post, we share the most common responses we got to the question "Do your portfolio plans actually work? Why?".
Every team wants to improve. That's why at Meisterplan, we simply integrated the Retrospective Scrum element into the Lean PPM process. In this post, Stefan Schneider discusses how having a Retrospective with the Portfolio Board after each Board Meeting has led to greater acceptance of the Lean PPM process.
Many new Meisterplanners have questions about the difference between portfolios and scenarios and how to use them effectively. In this article, Kevin Johnson, from our partner Sandhill Consulting explains the difference between portfolios and scenarios and offers some best practices on how to use these two features in Meisterplan.
Fear of better options (FOBO) is common when managing a portfolio, but how can you make project portfolio management decisions without big regrets? This article gives tips on how to make even the most difficult portfolio management decisions.
Here at Meisterplan, agile software development meets traditional project management. This doesn't have to cause major conflicts. Our product manager Stefan Schneider explains how we handle waterfall and agile project management methods being used simultaneously at Meisterplan.
Introducing Scrum meant introducing a culture change. Moving away from waterfall planning with big concepts to small iterations. But we can't ignore the big concepts and milestones, especially not from the management perspective. Product management falls right in the middle of this gap. On one hand, there are the benefits of agile, and on the other hand, the importance of reliable planning. How do we bring this together? Our product manager, Stefan Schneider, tells his thoughts on the topic.
The merger of two companies turns the project portfolios of both companies upside down or at least shakes them up properly. The role that project portfolio management plays in mergers & acquisitions is therefore huge.
As soon as there is more than one project to be worked on, everything starts falling to pieces. Wouldn't it be awesome, if our plans actually worked? To make this happen, we need a portfolio management method that is easy to understand, learn, and maintain. We want to work together to make this a reality.
A truly functioning project portfolio process is difficult and perhaps impossible without reports. In this article, Meisterplan's Data Analyst, Fabian Zeitvogel, discusses how the right data, prepared and compiled properly, enables informed decisions.