The following four actions provide a framework for successful project portfolio management:
• Understand projects in a strategic context to focus resources on your critical business priorities.
• Use a systematic decision-making process to support your top team in making difficult choices.
• Monitor projects using a shared approach that incorporates proven tools and practices.
• Build antidotes to project proliferation that keep resources focused on your strategic portfolio of projects.
James D. Schlick, a partner of Kepner-Tregoe, specializes in assessing the needs of clients and designing solutions to meet those needs. He is also the principal designer of Kepner-Tregoe's project management process and workshop, Engineering the Performance System workshop, and eThink application software. He holds a bachelor of science in engineering operations from Iowa State University and a master's degree in industrial operations from Purdue University.
Andrew Longman, a partner in Kepner-Tregoe, is also director of marketing, responsible for the worldwide promotion of the company's brand and consultants. He helped design and implement eThink, Kepner-Tregoe's critical-thinking support software, and its project management software, Project Logic. He is certified by the Project Management Institute as a Project Management Professional (PMP).
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.