Types of Risk in Project Management
Types of Risk in Project Management By Miley W. Merkhofer The most common project risks are: Cost risk, typically escalation of project costs due to poor cost estimating accuracy and scope creep. Schedule risk,...
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For the term ""Miley W. Merkhofer"".
Key Roles and Responsibilities in Project Portfolio Management
Key Roles and Responsibilities in Project Portfolio Management By Miley W. Merkhofer This article identifies key participants as well as their role and responsibilities in Project Portfolio Management. Business Unit/Sponsor Business Units/Sponsors are organizational...
The Roadmap for PPM Implementation
The Roadmap for PPM Implementation By Miley W. Merkhofer The steps for successfully implementing PPM depend on your organization’s particular situation. However, in many cases, I have found that the following sequence of 9...
Six Essential Capabilities for Practicing Project Portfolio Management
Six Essential Capabilities for Practicing Project Portfolio Management By Miley W. Merkhofer The basic capabilities you will need to practice PPM are: Capability to collect, store, and access project data. You’ll need to create...
How to Choose a Project Portfolio Management Tool?
How to Choose a Project Portfolio Management Tool? By Miley W. Merkhofer Tools are good. Tools for project portfolio management can help organizations improve the selection and management of their project portfolios. This can...
Evaluating Mandated and Ongoing Projects
Evaluating Mandated and Ongoing Projects By Miley W. Merkhofer Although some organizations exempt mandated and ongoing projects from formal evaluation, my recommendation is that both types of projects should be routinely evaluated just as...
Main Function of the Project Portfolio Management Office
Main Function of the Project Portfolio Management Office By Miley W. Merkhofer The function of the project portfolio management office is to manage the organization’s project portfolio, which typically includes prioritizing projects, allocating resources...
Benefits of the Project Portfolio
Benefits of the Project Portfolio By Miley W. Merkhofer Once opportunities have been identified, with relevant information normalized and made easily accessible, individuals throughout the organization with broad understanding of the business can provide...
Project Template for a Project Portfolio Database
Project Template for a Project Portfolio Database By Miley W. Merkhofer The information entered into a portfolio database should include, at minimum, the project name, type, and a brief description; internal and external requirements;...
Project Classification Schemes
Project Classification SchemesBy Miley W. Merkhofer Since it is useful to be able to monitor and control the mix of various types of projects within the project portfolio, a project classification scheme should be...
