Category: Portfolio Management

An easy explanation of the three Ps of project management
If you’ve been even loosely involved in project management, you’re likely to have heard people talk about portfolios, programmes and projects. They’re part of the language of project management but it can be difficult to know the differences between them, even though they’re all related. A really good way to visualise the difference is to ... An easy explanation of the three Ps of project management
The case for using a cloud portfolio, programme and project management tool
I’m often asked why an organisation should spend time and money investing in a cloud PPM tool. Here’s my reasoning as to why it is money well spent. Picture the scene… You’re a project manager on a project that’s two thirds of the way through. You have 10 different work streams, each with their own ... An easy explanation of the three Ps of project management
Project portfolio management bubble chart
Why and how to create a portfolio management strategy
If you don’t already have a portfolio management strategy in place, you may be wondering what it does and why you need it. A good portfolio management strategy can help organisations enjoy greater project success. This is because a portfolio management strategy is the art and science of matching programmes and projects to your organisation’s ... An easy explanation of the three Ps of project management
Ideation. Drain with a mobile phone next to it
How to set up an ideation portfolio in 6 steps
Have you ever had the most awesome, super-duper idea that, if implemented, would save your organisation a gazillion dollars and make you a millionaire? What happened when you shared the idea with your manager? Did they do anything with it? Did you receive feedback? Or did it disappear into the ether to a) never be ... An easy explanation of the three Ps of project management
A column of boxes with ticks in them showing good project requirements
Twelve questions to ask cloud PPM providers
Picking a cloud programme and project management (PPM) tool is a decision that shouldn’t be taken lightly and it is only natural that you would want to evaluate multiple vendors. These 12 questions should help you make an informed decision: Where in the world is our data held? In today’s security conscious world, it is ... An easy explanation of the three Ps of project management
Prioritisation matrix: Example bubble chart with segmentation
Designing a prioritisation matrix
When I attend networking events and people find out that I’m a portfolio, programme and project management specialist, one of the most frequently asked questions I get is around prioritisation of projects in a portfolio. So, I thought I would use this post to write about designing and implementing a simple prioritisation matrix. In simple ... An easy explanation of the three Ps of project management
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How to decide which projects should be in a portfolio?
Portfolio management is the next big trend in the project space, but how do you actually decide which projects should be included in a particular portfolio? It’s worth remembering that a portfolio should be used to provide an extremely high level overview of the projects and should not be concerned with details. Any metrics chosen ... An easy explanation of the three Ps of project management
Why P3M3 self-assessment is a good thing
Portfolio, programme and project management maturity model (P3M3) is a self-assessment tool that you can use to check your organisation’s capability in portfolio, programme and project management. It is made up of three independent models. One each for portfolio, programme and project management and has five levels of maturity. You rate your organisation’s maturity by ... An easy explanation of the three Ps of project management
image of a crystal ball
Portfolio, Programme & Project management predictions
Well it’s that time of year again, where everyone starts looking towards the future and here at Psoda it’s no different. Here are some of our predictions for portfolio, programme and project management in 2015: Portfolio management will continue to grow in popularity As predicted at the end of last year, we’ve seen a jump ... An easy explanation of the three Ps of project management
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Are you setting up a portfolio management practice? Here’s a process to follow
Portfolio management has come to prominence in recent weeks after featuring on the ESI International Project Management trends for 2014 list and with the Project Management Institute rolling out its new Portfolio Management Professional qualification. An earlier Psoda blog post gave an idiot’s guide to portfolio management that focussed on ideation, so I thought it ... An easy explanation of the three Ps of project management