Project Portfolio Management
LFMA Conference - 2014
Project Portfolio Management
Do you:
• Have IT reporting to you?
• Have an active role in reviewing and prioritizing
projects?
• Have dedicated Business Analysts or PMs?
• Require PMI certification?
Previous PM Process
• Ice Cream approach
• Bribery
• WWJD
• What Would Jodi Do?
• WWPD
• What Would Pat Do?
Why improve the process?
• Amount of work significantly exceeds resource.
• Are we working the most important projects?
• More effectively include senior/executive
management in decision making process.
• Particularly important when supporting over 30
functional areas.
• Provide a consistent project experience
Challenges
• Creating a prioritization process that works
across a large management team.
• Implement change that requires more analysis
work up front.
• Creating a governance process with the
appropriate level of complexity.
Complexity
• Internal discussions about process complexity
are ongoing.
• PMI – do 500 pages of guidelines provide the
answer?
• Example: DOU form (before and after)
• Example: Ranking spreadsheet (before and
after)
The New Process
• Project Request Form
• Process Flow
• Reports
• Review and prioritization at multiple stages
• Up-to-date information for project owners
• Project Sites
Project Mgmt Methodologies
• Waterfall
• Traditional method with heavy upfront planning
• Inflexible
• Agile
• Iterative process
• More flexibility
• More risk from a cost perspective
Questions?