ROI
Project Portfolio Management Implementation Planning & Metrics
Implementation planning requires the activities:
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?
How To Start Project Portfolio Management
The best way to start with Portfolio Management is implementing a life example. Otherwise the benefits will remain abstract, and an endless discussion will be the result.
Now there is always a common idea where the benefits would be the largest. So invite the decision maker and the most important persons involved to a kick-off workshop. That makes sure the the persons who suffer most will get enthusiastic by solving a problem that really bothers them.
The Business Case for Project Portfolio Management
Did you ever realized how many projects fail, and how this occurs? This means that management of your portfolio can lead to a significant improvement of your Return On investment (ROI).
Benefits of Project Portfolio Management
We all know examples of projects that did not meet their planned result. There can be many different reasons for such a failure. Common causes of project breakdowns are:
- The effects of other current projects were not properly taken into account.
- The requirements of other departments were not sufficiently met.
- The delivered specifications were not checked against specific testability.
- The delivered specifications were not bundled into over time deliverable sets by adequate project phasing.
Checking and Enhancing Information and Data Quality
Over time business changes. This implies that business processes change, the people as well as the systems. Also, a business is multi-disciplinary, which implies that there are many viewpoints for the same aspect.
This leads slowly to what is called data pollution. Can we solve data pollution? And how?
Checklist When To Execute an Assessment
It is time to execute an assessment if one or more of the following points check:
- The project planning has changed once more, and you ask yourself why did I ever started it:
- Again the requirements were to optimistic, wrong or lacking;
- You seemed to have passed the point of no return (again).
- Important issues have become second place, and unimportant issues have become crucial for success
- Nobody seems to know anymore where it was all about in the first place.
- Time is running out.
Migration of Requirements Versus Greenfield
Every now and then a business manager has to ask himself whether to continue with his current processes, or start allover again. So it is appropriate to provide some information on this subject.
Advantages and Disadvantages Of Greenfield and Migration Strategies
Viable questions with this regard are issues 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?
Business Case Requirements Management
Did you ever realized how many projects fail, and how this occurs?
Forrester reports on poor requirements (2006) a survey of the Standish Group's 1994 Chaos Report. Standish found, querying over 352 companies reporting on over 8,000 software projects, that the top three project impairment factors were:
- Lack of user input (12.8% of respondents);
- Incomplete requirements and specifications (12.3%);
- Changing requirements and specifications (11.8).
The Positive ROI Of the BPM Center Of Excellence
Submitted by Hans Lodder on Fri, 27/06/2008 - 12:27Forrester helps companies with the implementation of a Center Of Excellence (COE) for Business Process Management (BPM). Starting the COE is easy, but then comes inevitably the question: What exactly are we going to do first?

