Project Portfolio Management

The PMO is under constant pressure. From maintaining standards for project management practices to planning and delivering projects – the PMO needs to be in constant sync with strategy and business outcomes. This PMO blog category provides numerous recommendations from experts to encourage top down and bottom up planning, improve processes, promote stakeholder satisfaction, and ultimately eliminate silos to advance the PMO function. Get expert advice on the pros and cons of adopting a continuous planning model. Experts will also share real-world advice on choosing your next Project Portfolio Management tool and how to #BeThatPMO your business needs.

What is Project Resource Management?

Project resource management refers to a set of integrated processes that enable project managers (possibly in conjunction with the PMO and other decision-makers) to determine, obtain, allocate, develop, and monitor the resources that are required to successfully complete a project. According to the Project Management Institute’s Project Management Body of Knowledge (Sixth edition), there are...

How to Solve 5 Key New Product Development Challenges

New product development (NPD) is not just important for organizational success – it is essential for long-term organizational survival. Some of the key factors that drive NPD include: Changing consumer tastes and behaviors Increased competition Technological advancements New opportunities for growth and development Diversifying risk Exploiting excess capacity In addition, NDP can help organizations foster...

How to Re-imagine and Re-invent the Way you Work

The pace of change is rapidly accelerating and impacting every aspect of work. Enterprises are facing unprecedented pressure to rapidly pivot and meet ever changing customer demands – because if they fail to consistently enable customer success, then sooner or later a competitor will. As a result, enterprises need to re-imagine and re-invent work management...

PMI, KPI, SF: A Project Management Abbreviation Cheat Sheet

There are dozens of project management terms you might come across and many are abbreviated to make things quicker. Here are some of the most common terms every project management professional (PMP) should know. AC – Actual Cost. At the outset of a project, costs are estimated. The AC is tallied at the project’s completion...

Five Books Every Project Manager Should Read

As a professional in any industry, the only way to grow is by continuously learning. While taking a class or seminar can be an excellent way to improve your skills and range of knowledge, there’s an even easier way to grow immensely that also easily fits in with your busy project management schedule. That method,...

Common Project Constraints and How to Identify Yours

Constraints in project management are the limits that you must work within to achieve your goals and are, unfortunately, unavoidable. For project managers, being aware of what limitations and barriers they face is essential for navigating an effective project path and ultimately reaching success. That’s why identifying project constraints is such an important task to...

Who Are Project Management Stakeholders?

When managing a project, no matter how big or small, one of the most essential parts of the planning process is the identification of the relevant project management stakeholders and the listing of all individuals and groups involved at each step in the life cycle of a project. Defining project management stakeholders When it comes...

What is Agile Program Management?

Agile Program management is an approach through which multiple projects are managed simultaneously, in an effort to help organizations achieve strategic priorities. These aims could include increasing revenues, improving customer satisfaction, reducing customer churn, accelerating the speed of product development, enhancing brand awareness, improving employee engagement, and the list goes on. However, there are scenarios...

Resource Management Plan: What it is, Why it Matters & How to Get it Right

Among the most important – and indeed, also the most challenging – aspects of project and program management is developing, executing and optimizing a resource management plan. What is a Resource Management Plan? A resource management plan is typically composed of multiple documents, and addresses the following core objectives: Centralizing and streamlining demand intake. Optimizing...

Business Agile Methodology: An Introduction

When a good idea surfaces within an industry, it’s only a matter of time before people outside the industry take notice and start looking for ways to apply the idea in their own work. The concept of project management itself is a perfect example—while it was once confined to a few fields such as engineering...