Project Portfolio Management Archives

The last thing project managers need is more work, more reporting and more processes. It seems like that is just what introducing PPM would do - add more work. In truth, project portfolio management actually helps project managers. Here are six reasons why project managers need PPM.

We at Meisterplan know which questions PMOs have to answer over and over again, so we have provided preconfigured reports in Meisterplan. In this post, we will briefly summarize the top reports for PMOs to best support management, resource managers and project managers.

Traditional project portfolio management is not up to the demands of start-ups. It is too slow for quick decision-making and too complex for data management. Due to the way start-ups work, Lean PPM is now on the rise among these innovators.

Traditional project portfolio management with a Swiss Army knife of functions and a complex PPM process is usually very expensive while producing minimal results. Applying the 80/20 rule may lead you to question: if 20% of the process and functions bring 80% of the results, then why should we make everything so complicated?

Whether comparable projects are successful differs from company to company, and sometimes even within a company. What's the problem? Marco Weiss from Eurogroup Consulting explains six characteristics of an effective PMO for increased project success.

You have to stop trying to achieve a perfect, detailed project portfolio plan because they simply do not exist and people are not machines. Dr. Joerg Leute makes the argument against super-algorithms and instead suggests focusing on agile methods and Project Management Offices.

People who are responsible for project planning want to be in the know. Luckily for them, data like the number of sales or employees has a high "legibility". However, overzealous planners using project portfolio management as an excuse to increase their organization's legibility could put the company at risk. In this post, Matthias Gidda argues for using a Lean PPM tool instead of these Swiss Army Knife types of software with their totalitarian vibe.

You can now find our project portfolio management method on our website – no vault door, no password, no conditions. So it may not be a secret recipe anymore, but it is definitely still a manual for success when it comes to project portfolio management. This article is a quick run-through of our Lean PPM Method.

Based on a brief description of lean production, Dr. Jörg Leute explains what “lean project portfolio management” means and what effects it can have on your organization.

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