Articles about Project Portfolio Management and Resource Management
With the new year right around the corner, you’ve likely already finalized a plan for your business next year or are about to get the planning process going. Making plans is incredibly important for helping your company execute corporate strategy, but you will need a solid foundation to stand on. Whenever you implement a new plan or strategy, take a moment to make sure you have a sound footing with a little preparation.
There is no question that this is a busy time of year. For businesses, this time of year entails wrapping up projects, making plans for the new year, and tying up any loose ends. It’s easy to get swept up in the hustle and forget to celebrate the successes you and your company experienced this year. Even if this year had many hardships or if you missed many of the goals you wanted to accomplish, it is incredibly important for companies to set aside time to recognize all successes (big or small) before launching into the new year.
While all industries can benefit from a PMO, the financial industry has eagerly embraced PMOs. The rise of PMOs in banks, credit unions, and other financial institutions is not just because there is a need for managing many projects, but to also address several obstacles unique to the industry. To create and operate a successful finance PMO, you need to understand what these unique industry challenges are.
As we quickly approach the end of the year, companies are beginning to celebrate their successes from this year and make plans for the new year. While these two activities are important, they are most effective when paired with an activity that is commonly left out: analyzing this year’s failures. While people are often uncomfortable associating themselves with failure, it would be a huge mistake to try and move your company forward without evaluating shortcomings. When you take the time to learn from your mistakes, you can prepare yourself (and your company) to overcome these challenges and make even more powerful plans.
The Meisterplan team was happy to participate for the fifth year in a row in RegoUniversity - one of the largest PPM educational events in the world. RegoU 2019 brought together more than 350 experts in the PPM and Agile industry in San Diego, CA. Read on to learn about our highlights of the event.
The Agile method has a dominating force in the project management world. What started as a method for developers is now being used by all types of professionals in many industries. Although the Agile method has proven to be extremely effective for many teams, it has posed a significant problem for resource management. When traditional project management is replaced by things such as Scrum and Kanban, how do you adjust your resource management to fit the new demands of the Agile method?
Meisterplan was extremely excited to be a silver sponsor at the Project Management Institute (PMI) Global conference in Philadelphia. We sent our Project Portfolio Management (PPM) experts Emma Hanes and Karoline Holicky, our Vice President of Business Development, Brian Hintz, and our CEO Christoph Hirnle. We also had the privilege of inviting one of our customers, Darrin McLaughlin, Senior Vice President of Technology at Interra Credit Union. Darrin gave an engaging presentation on how he used Meisterplan to build a Project Management Office (PMO) for Interra Credit Union.