PMcrunch

Incremental work, strategically focussed over time, leads you to the tipping point where the results come like a gusher. There really is a tipping point, and here’s a quick excerpt that makes it crystal clear that linear progress and incremental improvement is an illusion.

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In thinking about shareholder management or investor management, especially in today’s volatile environment, I see a big parallel with stakeholder management.  In essence stakeholders are the investors in our projects.  Stakeholders hold a “stake” in our projects.  Stakeholders, just like investors, have different levels of investment or interest in our projects.  We must think of [...]

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The usage of IT and computers in the workplace has rocketed in the last decade.I challenge you to find one section of your organization that doesn’t rely on IT to function these days. Indeed, IT has been the core of the competitiveness of successful organizations.

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  How to create a survey using Survey Galaxy Writing surveys is considered easy; but is it? The reality is that writing surveys is easy but writing surveys that will be effective is a little bit more difficult. The following tips will help you with your survey questionnaire design so you can write more effective [...]

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  How to create a survey using Survey Galaxy Writing surveys is easy; or is it? The truth is that creating surveys is easy but creating effective surveys is more difficult. The following twenty tips will help you write more effective surveys.

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Two methods of capital budgeting often used on project and in project portfolio management are internal rate of return(IRR) and net present value(NPV). They are close cousins but take a little bit of a different look at the value of a project. They are both time based and bothrelayed to cash flows over time on a project.

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Sunk costs are exactly as the name implies: they are costs that are “sunk”. The money spent is irretrievable. It is gone, history, sunk. However, often there is either a misunderstanding or an emotional attachment to money that was spent. This is a difficulty that we, as forward looking project managers, need to remember.

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Project Portfolio Management, like Investment Portfolio Management, is a balancing act that requires constant monitoring and adjustment over time. Whereas an individual may have the right balance of risk, return, income, growth and others represented in an investment portfolio, a project portfolio is similar in many ways. Risks, returns, resources required, and alignment with overall strategy are just a few of the factors that must be kept in balance over time.

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Innovation has a real diseconomy: What is making the organization work now can become at odds with what might make the organization work well, or better in the future. What effect does this have on Project Management, and where can Project Portfolio Management make a difference?

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A great question that we can ask ourselves as project managers is, “Would we invest in our projects”? This is probably the single best indicator, if we are honest with ourselves, as to the health of our projects, our positions, our teams, our organizations and more. Here is a look at an investment perspective to managing projects.

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