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Reinventing the Program or Project Portfolio Chart

The fourth and final part of my "Reinventing..." series (see links at end of article) concentrates on a project portfolio rollup chart. Since this charting technique also includes and tracks business priority, I call this communication tool the "Project Barometer".

As with the previous articles, the chart attempts to maximize the amount of information a single diagram can communicate, without overwhelming the reader. However, unlike the previous techniques, which required the use of Visio, the barometer takes advantage of the simplicity of Excel.

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What the Heck is Project Portfolio Management?

The Steppe Winds and the "Virgin Lands"

In 1953 after the death of a dictator Joseph Stalin, Nikita Khrushchev, the new Soviet leader became aware of the serious issues in the country's agricultural sector. Because of the prolonged heavy investments in the industrial and military growth, coupled with a devastating war, the production of wheat, meat and dairy in Soviet Union had plummeted to historic levels. Russia, a traditional exporter of grain, was forced to buy it abroad.

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Project Portfolio Management Drives More Effective IT Governance

When economic conditions get tough, CIOs must focus on two simple priorities: how to produce value and how to cut cost. Pushed by economic and competitive pressures, IT organizations need to organize their project and application lists as an aggregate collection of expense buckets that they then attempt to balance against priorities, budgets, and available resources.

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Leveraging Project Portfolio Management to Implement an Effective IT Governance Strategy

IT Governance

The discipline of IT Governance, a key aspect of overall corporate governance, has received increased attention over the last 10 years. This attention has been fueled by Y2K initiatives, the awareness that technology is core to every business, and the impact of the Enron collapse in 2000 with the resulting Sarbanes-Oxley legislation that mandated compliance requirements.

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Project Portfolio Management Megatrends

As we look forward to what’s next for Project Portfolio Management (PPM), there are several trends that will play out over the next few years. The fundamental tenets of PPM such as visibility and centralization of data will continue to drive value, but new trends are emerging now as PPM transitions from powerful concept to real-world practice.
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