Business Driven Project Portfolio Management: Conquering the Top 10 Risks That Threaten Success

Overview

Business Driven Project Portfolio Management covers the top 10 risks that threaten project portfolio management (PPM) success and offers practical alternatives to help ensure achievement of desired results. Written from a business perspective, it contains the executive insights, management strategy, tactics, processes and architecture needed for the successful implementation, ongoing management, and continual improvement of PPM in any ...

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Overview

Business Driven Project Portfolio Management covers the top 10 risks that threaten project portfolio management (PPM) success and offers practical alternatives to help ensure achievement of desired results. Written from a business perspective, it contains the executive insights, management strategy, tactics, processes and architecture needed for the successful implementation, ongoing management, and continual improvement of PPM in any organization.

Features

Presents actionable tools, techniques and solutions to the top 10 PPM risks and execution difficulties that most organizations and program management offices (PMOs) face

Includes real case examples that organizations and PMOs of all shapes and sizes seeking to effectively manage project portfolios will find Beneficial

Shares insightful and practical advice from executives of leading PPM providers, coupled with the wisdom of highly experienced operational executives who manage PMOs, use PPM applications, and are responsible for PPM success

WAV offers downloadable PPM-related episodes of The PMO Podcast™, an executive overview presentation of the book's content, solutions to end-of-chapter questions, and 100 practical tips for implementing PPM within your organization-available from the Web Added Value™ Download Resource Center at jrosspub.com

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Product Details

  • ISBN-13: 9781604270532
  • Publisher: Ross, J. Publishing, Incorporated
  • Publication date: 5/28/2011
  • Pages: 300
  • Sales rank: 1,332,472
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.80 (d)

Table of Contents

Foreword vii

Acknowledgments ix

About the Author xi

Contributors xiii

Preface xv

Introduction xvii

Chapter 1 PPM Risk #1: Shared Vision, Mission, Goals, and Objectives 1

Project Portfolio Management Is Not Easy 3

Shared Vision, Mission, Goals, and Objectives 6

Inspiring a Shared Vision 6

What Is the Vision of Project Portfolio Management? 9

What Does Project Portfolio Management Include? 14

Does Project Portfolio Management Change with Time? 15

Mission, Goals, and Objectives 17

Summary 20

Questions 21

Showcase #1 Microsoft 23

First Things First! The Significance of Mission, Vision, Goals 23

Chapter 2 PPM Risk #2: Executive Level Support 33

Starting at the Top with Senior Management 35

Focusing on Business Goals from the Start 38

Establishing the Project Portfolio Management Executive Playbook 40

Reserved Powers for Project Portfolio Management Executive Discretion 42

Summary 43

Questions 44

Showcase #2 Compuware 46

A Recipe for Securing and Retaining Executive Support 46

Obtaining Executive Level Support 55

Chapter 3 PPM Risk #3: Functional Champion 63

Project Champion vs. Functional Champion 63

Why Is a Functional Champion Needed? 65

Who Should Be the Functional Champion? 69

Functional Champion Techniques 70

Summary 73

Questions 74

Showcase #3 Innotas 76

The Role of the Functional Champion 76

Chapter 4 PPM Risk #4: Big Bang vs. Incremental Adoption 85

Don't Overwhelm the Organization 86

Use a Gap Analysis 88

Use a Proof of Concept 92

Tolerate Imperfect Information 93

Allow Sufficient Time to Get Systems in Place 94

Recognize that Data Integrity Is Not a Tool Issue 96

Be Open to the Possibility of a Big Bang Approach 98

Summary 100

Questions 101

Showcase #4 PowerSteering Software 102

PPM Rules of the Road-How a Flexible, Incremental Approach Accelerates PMO Results 102

Chapter 5 PPM Risk #5: The Effects of Changing Processes and Measures 113

Understanding Perspectives on Processes and Metrics 114

The Effects of Changing Processes and Measures 121

Changing Processes and Measures-Bottom-up Evolution 122

Changing Processes and Measures-Top-down Evolution 126

Summary 127

Questions 128

Showcase #5 Planview 130

The Effects of Changing Processes and Measures 130

Changing the Approach to PPM 143

Chapter 6 PPM Risk #6: Timeframe for Analysis and Decision Making 149

Decision Timing 149

Decision Style 153

Organizational Level 157

Decision Criteria 159

Summary 162

Questions 164

Showcase #6 UMT 166

Project and Portfolio Management Go Mainstream 166

Chapter 7 PPM Risk #7: Quantifying Business Value 181

Project Success Perspectives: Enabler or Impediment? 181

Caveats of the Two Dimensions of Project Success 184

Quantifying Business Value 189

Summary 195

Questions 196

Showcase #7 Outperform 198

Project Culling 198

Chapter 8 PPM Risk #8: Ensuring Data Integrity 205

Understanding Data Integrity 205

Producing Data Integrity 210

Improving Data Integrity 213

Summary 215

Questions 216

Showcase #8 Hewlett-Packard 218

The Four Starting Points of PPM 218

Chapter 9 PPM Risk #9: Tooling and Architecture 235

Overcoming the Tool Mindset 236

An Architecture Approach 238

Examples of PPM Architecture 239

Summary 247

Questions 248

Showcase #9 Planview International 250

Extending the PPM Architecture View 250

Chapter 10 PPM Risk #10: Sustaining Value 257

PPM Maturity Models-The Good, the Bad, and the Ugly 258

The Emergence of Multi-dimensional PPM 264

How Projects Are Viewed-Myopic vs. Ubiquitous 265

How Management Is Viewed-Scientific Management vs. Complex Adaptive Systems 267

Summary 273

Questions 274

Showcase #10 AtTask 276

Social Project Management 276

Epilogue 285

Index 289

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