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Applying March Madness Bracketology to Project Portfolio Management

Applying March Madness Bracketology to Project Portfolio Management
By Lindsey Marymont

It’s that time of year when the office is buzzing with talk of the NCAA tourney – boasting alumni, hometown favorites, and raw athletic talent. March Madness is full of predictions and hype, and while many people might stay loyal to their favorites, most people will consider the sports analysts’ opinions before finalizing their picks (even if it is just a friendly bet).

If you’re filling out your bracket on one screen, ESPN highlights on the other, and scrolling Yahoo sports on your phone, you’re not alone – you should be commended for utilizing your resources well. Why wouldn’t you take advantage of information out there and factor that into your own choices? Let’s face it, you can’t watch every play of every game in every conference to make sure you are making the best choices. No, you’re going to read highlights, research players or teams that catch your eye, and any other tried and true tricks. Read the Complete Article

Getting Started with Project Scoring

Getting Started with Project Scoring
By Lindsey Marymont

Scoring projects is an easy way to identify high value projects and push them to the front of the line, keeping your organization working on the highest priority initiatives at all times. But you might be surprised at how little of organizations are actually doing it in practice. In our latest Project and Portfolio Management Landscape Report, prioritization was cited as the second biggest challenge for organizations, consistently behind resourcing, yet increased as a challenge year over year. When asked the same organizations about scoring in particular, 24% had no formal methodology. Which begs the question: then how are projects approved?

Clearly a first-in, first-out system is not the answer when it comes to innovation. In many of these organizations, there might be someone that has a good sense of the business and what needs to get done that acts as the gatekeeper. Read the Complete Article

Strategy and Tactics = PMO Success

Strategy and Tactics = PMO Success
By Lindsey Marymont

Planning is often an overwhelming yet exciting time as you are mapping out the road ahead. Having a good sense of what you would like to get done over the year, recalling how far you were able to come, and forecasting on paper (or in the cloud) the middle ground of what is realistic for the coming year. Now, we never know what will be in store, but thinking in terms of “years” rather than quarters or cycles gets pretty exciting.

But planning isn’t just a once a year thing. In order to be successful, planning needs to be two-fold: upfront, strategic planning followed by continuous, tactical adjustments. Here is why it is critical to have both.

Strategic Planning

When you think about annual planning you might be thinking of pages and pages of spreadsheets, tabs and formulas that would make any sane person go cross-eyed. Read the Complete Article

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