IT Portfolio Management Framework

IT Portfolio Management Framework

The roots of a portfolio management process model can be found in W. Edwards Deming’s quality management cycle of Plan, Do, Check and Act. In the 1950s, Deming proposed a process model where business processes are reviewed continually to identify improvements. The Plan phase designed new or revised existing processes to improve business results. The…

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IT Portfolio Management Goals and Benefits

IT Portfolio Management

Juggling the Portfolio—Dvortygirl (Flickr.com) The IT portfolio management process is a method of rationalizing an organization’s suite of IT applications to meet business needs. IT portfolio managers analyze existing applications, current and future projects to identify gaps and improvement opportunities within an organization’s IT portfolio. On a cyclical basis, an IT organization is allocated funding…

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PMO Issues – Does a PMO Help or Hinder?

pmo issues

Credit: Scott Maxwell In theory, project management offices and project managers work together to deliver value to the organization in a consistent manner. In practice, PMOs and project managers can step on each other’s toes in a clash between results and processes which create their own set of pmo issues. Here are five best practices…

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Project Management Office Example

Project Management Office Example - Revised

A recent Google search on “project management office” revealed about three quarters of a million commercial links providing consulting products, tools and expertise for PMOs. Many of these links offer methods and theories for managing PMOs, but few provide insight into an actual PMO in action. Following the first installment in this series (PMO Functions…

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PMO Functions Explained

pmo functions

The PMO Form and Function The project management office (PMO) often emerges as a construct to manage the project portfolio as a company’s project management maturity increases. The PMO may sit at different levels in the organization and provide a variety of functions to a program, organization, or an enterprise. Before organizations implement a PMO,…

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