Requirements Management & Analysis

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project portfolio analysis

Recommended Project Portfolio Management Tools

To be able to properly implement Project Portfolio Management you need tools. Tool requirements are:

  • Program and project planning;
  • Time registration;
  • Reporting;
  • Incident management;
  • Resource management;
  • Demand management;
  • IT asset management;
  • Inventory control;
  • Compliance management;
  • Software licences management;
  • Vendor management;
  • Management of Service Level Agreements (SLA's).

Project Portfolio Management Services: Consultancy, Training, Coaching & Project Development

We can help you implement Project Portfolio Management in your specific situation.

Checklist for Project Portfolio Management Project

Project Portfolio Management (PPM) is a very good instrument to implement many important aspects of IT Governance. PPM makes it possible to centralize business constraints and governance policies which should be central to all IT Services.

Project Portfolio Management Approach

A standard implementation project for Project Portfolio Management looks like this:

  • Project intake;
  • Extensive assessment;
  • Go / No go milestone;
  • Pathfinder;
  • Roll out program.

Project Portfolio Management Roles, Training, Coaching and Required Experience

Each task to be undertaken needs qualified personnel. A portfolio management project is in this sense not different from others. Important roles are the:

  • Decision maker
  • Project manager
  • Domain expert (one per important domain)
  • Workshop facilitator
  • Workshop scribe
  • Business analyst

Project Portfolio Management Prerequisites

In order to be successful with Project Portfolio Management a number of prerequisites must be met:

  • The will to change;
  • A pathfinder project;
  • Celebration of successes;
  • Proper selection, training and coaching of employees;
  • Time to manage Project Portfolio Management as an asset.

Project Portfolio Management Skills, Tasks, Responsibilities, and Competences

We will now give a short overview of the recommended skills and experience in order to be able to successfully complete a portfolio management project.

Discussing and Interpreting of Portfolio Management

To be able to take part in the discussion and interpreting of requirements it is necessary to have an in
depth domain knowledge as well as the ability to think logically and creatively.

How Can Portfolio Management Help With Decisions Regarding Migration Versus Greenfield

Greenfield and migration strategies have specific advantages and disadvantages. To be able to make a decision you have ask yourself questions like:

  • What are we going to do with our current legacy infrastructure?
  • What are we going to do with are current legacy technology?
  • And what are going to do with our current employees?

Recommended Project Portfolio Management Tools

To be able to properly implement Project Portfolio Management you need tools. Tool requirements are:

  • Program and project planning;
  • Time registration;
  • Reporting;
  • Incident management;
  • Resource management;
  • Demand management;
  • IT asset management;
  • Inventory control;
  • Compliance management;
  • Software licenses management;
  • Vendor management;
  • Management of Service Level Agreements (SLA's).

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