Project portfolio gating

Project portfolio gating – Overview and Importance Project porfolio gating provides a process for tracking the performance, value and current relevance of a project or group of projects vis-à-vis the current strategic reality, which is influenced by the organizational and environmental factors. It is critical to the realization of the business strategic goals. Dynamic organizations will […]
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Project governance

  Project governance Project governance is the harmonization of processes, roles and responsibilities, and resources to facilitate the successful delivery of projects and other organization activities, including service delivery and customer support. Organizations establish governance at different levels of responsibilities to facilitate service excellence and free information exchange. Figure 6 shows a project governance overview at […]
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Project management good practices

Project management good practices that facilitate successful service life cycle management and produce the desired project results include the following:   A well established governance combined with effective, preferably automated, tools to record, track, monitor and ensure accountabilities and responsibilities across the value chain are critical to the success of the service life cycle management, which […]
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Project and Product Delivery Management

The emphasis on project and product delivery management is to show the importance of the subject matter expertise required in each discipline and their overlapping relationships that are required to deliver the desired project outcome. Project management is the discipline of planning, controlling, monitoring, executing and closing a project. It provides management oversight for product delivery. […]
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Service Life Cycle

Service life cycle is crucial to understand the delivery of any service from end to end. Most organizations have established processes for project management, product delivery management and service management. However, a complete and harmonized framework that combines these processes rarely exists. A key challenge is taking ownership of the combined processes, due to the […]
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Why Service Oriented Approach?

“Out of intense complexities, intense simplicities emerge.”                                Winston Churchill   A service oriented approach is about the delivery of a piece of work, product or service, through the collaborative effort of the organization’s teams, whose performances and rewards are tied to the outcomes of the project. In situations where the team effort is more rewarded […]
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Project Management Facts and Myths

Some project management facts and myths are described below:   Project manager is accountable for the successful delivery of the project. This is true. However, the whole team and organization will reap the benefits of the project success and bear the burden of project failure. Therefore, the key stakeholders of the project will be better […]
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Why Projects Succeed or Fail

Why projects succeed or fail? Whether a project succeeds or fails, the organization will reap the rewards of positive outcome or have to deal with the consequences of failure. A project may be cancelled in order to minimize losses, particularly if the project is no longer relevant or not able to deliver the expected value. […]
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Project and Project Management

Project and Project Management are two complementary terms that require proper understanding. Project A project is defined as a specific piece of work or a unique endeavour with defined start and end dates, requiring resource commitment to accomplish the desired result or outcome. The goal of a project is to deliver product(s) or service(s) at a […]
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Portfolio Opportunity Assessment

Portfolio opportunity assessment is a key process to explore and evaluate the viability/profitability of business ideas. Business Case In order to approve a project for implementation, a business case or opportunity assessment document is required to justify the need for the project. Some organizations will extend this to marketing plan, which include opportunity assessment and commercialization […]
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