Failed projects cost companies a huge amount of money and frustration. One of the reasons for this is projects that lack strategic orientation. Learn why projects fail and how to solve this problem by establishing a strategic project portfolio.
Despite the traditional project management methods used in the healthcare industry, Munich Hospital managed to adopt the Agile method through a stringent but dynamic process. Here are some interesting insights from Munich Hospital's Marco Weidemeier on the process of changing the way the hospital works.
Many businesses believe a chaotic and unsuccessful project portfolio is caused by a lack of project data. This leads them to put great effort into documenting and obtaining as much project data as possible. But is the problem really that they don't have enough data?
In an era of digitalization, customers are more demanding than ever. In a project environment, that typically means delivering what customers want, when they want it, at the cost agreed... Not so simple. How can companies manage demand and capacity in this dynamic environment?
Have you ever found yourself Googling “what is project management,” "project coordination,” or even “project help!”? You are not alone.
If you’ve ever managed many projects or portfolios at once, you’ve probably heard of or at least seen a Gantt chart. Gantt charts are a powerful tool for portfolio and task management used by professionals across a wide variety of industries. While now they are almost exclusively created and edited on computers, they were actually created long before computers and the internet. For over 100 years, Gantt charts have been the MVP of project portfolio management, which is why project portfolio managers are loving how Meisterplan utilizes Gantt charts in their project planning.
“Agile” has been a buzzword for quite a while. Teams work Agile. Modern management is Agile. Using an Agile framework to reorganize classic production processes is a big initiative at a lot of companies these days. Somehow, everything is Agile – and, as always, when a trend reaches its peak, we have to ask ourselves: How much of this is hype and how much of it is substance?
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.