For some it will save millions, but for others it will cost millions. It is one of the biggest trends at this time – the consolidation of projects and initiatives. As a leader, the level of sophistication you apply to the task will make all the difference.
Managing projects – obviously that is essential, but it is not enough! Moreover, it is not necessary the job of a senior leader. Leaders are constantly thinking of their strategic portfolios – they have a ‘portfolio mindset'. But what about you?
Are you giving your strategic portfolio its needs? Here is a list of 12 tell-tale signs that your strategic portfolio needs attention.
Our data points to 11 areas where leaders are finding savings within their portfolios of projects or initiatives. Shown in the video and listed below, these areas will guide you in your quest for economies and efficiencies within your portfolio.
Project are facing cuts across the board. But, some projects face deeper cuts than others. Here is how you can ensure that the knife does not cut too deep or that the axe does not fall on your project?
In this time of budget cuts and resource constraints, how do you know if your project is at risk? Here you will find a list of factors that could affect your project’s access to resources. It will enable you to get out in front of the process and minimize the potential impact.
Will your portfolio of projects and initiatives confidently deliver on the organization’s strategic ambition? That is the million-dollar question.
For an organization to be confident of realizing its strategic ambitions, a portfolio of strategic priorities, projects and initiatives must be more than the sum of its parts. With this in mind, we are also going to look at the health of the portfolio, as well as its performance.
he prosperity of your organization is tied to the performance of its portfolio of strategic projects and initiatives. That makes portfolio management critical to success.