Insights
Project Portfolio Management Project portfolio management is a process that ensures your company spends its scarce resources on projects that will deliver the most value to your organisation. It is a particularly important process for validating the costs involved in a project. Similar to an investment portfolio, the project portfolio aims to improve the return on investment ...
Why Organisational Change Management Is Important Organisational change is a reality of today's fast-paced modern world. Companies are enduring many more periods of change and at a faster rate than ever before. Two of the main reasons for this are advancing technology — requiring many new processes, and mergers and acquisitions — often necessitating a company's total ...
Business strategy execution depends upon developing and implementing the best solution. Sustainable success relies upon each solution being based on precise, valid and complete requirements to fully address the issue or opportunity. According to the Standish Group, poor requirements definition is one of the leading causes of project failure. The top 3 project management ...
While there is a strong link between programs and projects, it is important to understand the differences in order to correctly identify program management. Program management is strategic in nature and often deals with ‘the unknown’. It is highly cross-functional and integrates individual elements of related projects in order to achieve a broader business value. A ...
The first project management office (PMO) is understood to have been established in the early 1980s by the US Army. They leveraged the concept of ‘the war room’ to oversee major programs and operations. During the 1990s, events such as the Y2K threat created a growing need for PMOs, and although many PMOs exist today, it is important to recognise the following: The ...
Project management is the application of knowledge, skills, tools and techniques to a broad range of activities to achieve a project’s desired results. A project is a specific temporary endeavour undertaken to achieve a particular aim. The Latin word ‘projectum’ means ‘to throw something forward’ and that is what project management is all about – making things happen ...
