"They've tried portfolio management before. It hasn't worked."
Comments. There are a variety of reasons that PPM efforts fail, such as lack of sponsorship, infighting, limited scope, and poor communication. However, applying best practices, gaining support by communicating the value proposition, dedicating talented resources to the work, and making PPM a primary responsibility of established advocacy groups such as PMOs can mitigate the risk. Know that this journey has been traversed before and that maps and help are available in the literature, from consultants, from special interest groups, at conferences, and from professional friends.
Was this article helpful?
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.