Portfolio Management

The Secrets to Managing an Innovation Portfolio

Managing a portfolio of innovation projects is very different from traditional portfolio management. Innovation projects hold more uncertainty. It is usually difficult, if not impossible, to provide good estimates and a detailed project plan. And while most organizations care about managing the development of marketable new ideas, few really know how to foster them for…

Improving Project Portfolio Management Maturity: Resource Leveling

By Claire Schwartz A quick trip to Wikipedia yields the following definition for resource leveling: ‘a project management technique used to examine unbalance use of resources (usually people or equipment) over time, and for resolving over-allocations or conflicts.’ In other words, through resource leveling we can ensure that the project schedule is reasonable and realistic…

RACI Matrix Basics – how to use one

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The RACI matrix is a tool used to help project managers better delegate tasks throughout a project and to stop or prevent project members doubling up on tasks and responsibilities. RACI is an acronym standing for Responsible Accountable Consulted Informed One of the difficulties a project manager can face is having people not take responsibility…

Roles and Responsibilities of a Project or Program Director

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According to the Bureau of Labor Statistics, aspirants to the position of Project Director may have to face tough competition to get the through 2018. However, candidates with diverse work experience are expected to get an edge over those with a specialized skill set. A project or program director is often responsible for the overall…

Project Risk Assessment Basics

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The success of any project depends to a large extent on overcoming any and all risks to that project. You cannot be too careful. Knowing the risks is half the battle and being able to avoid or overcome such risks completes the picture. Should you be concerned about risks? Yes, indeed. In creating the list…

Project Management Niche Social Network High-End PM Celebrates Members from Over 50 Countries

High-End PM, the new, niche social network targeted toward the most successful and influential leaders in the project management industry, today celebrates connecting members from over 50 countries. Chicago, IL (PRWEB) Project, program and portfolio managers from over 50 countries around the world have discovered a new, niche project management social network: High-End PM, http://www.highendpm.com…