By now, it is pretty much established that project management and portfolio management are different processes with different characteristics. See this earlier blog post about that.However, there is an overlap in information that is relevant for both processes. Together with Eindhoven University of Technology and 7 industry partners, we have just completed a research project… Read More Improving the link between project and portfolio management
Yesterday, Joris van Grimbergen of Stork and Jac Goorden of Flightmap presented their approach to asset portfolio management with Flightmap to an audience of experts (in Dutch). Check the Webinar on Vimeo. The portfolio management process and objectives in asset-heavy environments are well described and the role of tooling.
This is the time of year to check if the annual R&D budgeting process has set up the organization for success. One question kept bugging me from a recent executive portfolio review I attended. The R&D exec asked me: “We have reallocated 10% of R&D budget across business lines. Is this the right move?” In… Read More Dramatic shifts or stable allocation of R&D resources?
Just before the start of the year, Bicore has moved into a new office overlooking Eindhoven Airport. This triggered a lot of debate about the name of our Portfolio Management solution, FLIGHTMAP, again. This name was selected because it illustrates that a plan is needed to guide an organization to its goals (strategic objectives), but… Read More 2018: Roadmapping meets Portfolio Management
How utilities are becoming more innovative Most posts on this blog describe innovation portfolio management. Portfolio’s of innovation ventures, new product & business development projects, and R&D require frequent updates. In the past two years, I have also witnessed the dynamics of other portfolio’s change, in more traditional sectors such as real estate and utilities. In… Read More New rules for utility portfolio management with data analytics
Twenty years ago, unreliable data was mentioned by well-known researchers as the main problem of portfolio management in new product development. Nowadays, hardly any thorough solution is found to improve the quality of data in portfolio management. Nevertheless, the need for research on data quality has increased further due to the cost of low-quality data… Read More Data Quality in New Product Portfolio Management
In the past three weeks, I was in three board room meetings to support portfolio reviews. In all three cases, the question came up how to best start a portfolio review, and the temptation was to start with a bubble plot showing all portfolio candidates. While this is a good view to start with in an analyst setting,… Read More No bubbles in the boardroom?
PPM tools compromise between project support and portfolio management In my previous post I blogged about the maturation of portfolio management (PFM) as a separate discipline, related to but different from project management (PM). The automatic bundling of both under the PPM acronym (stressing the linkage between these processes) is loosing its value now that we… Read More Good project management and good portfolio management tools
Finally In 2014 we have seen confirmation that portfolio management (PFM) is a process and a discipline in itself, and not an add-on to Project and Program Management (PM). Although a lot of important knowhow and best practices are gathered under headings such as P3M (Project, Program, Portfolio Management), the implicit grouping of these topics… Read More The end of PPM as we knew it, and what’s next?
Determining portfolio health According to Cooper et al. (2001) state that portfolio management has the following four objectives: Maximize the value of your portfolio Seek balance in your portfolio Your portfolio must be strategically aligned Pick the right number of projects These portfolio management objectives need to be translated into Key Performance Indicators (KPI-s) so… Read More Portfolio Health dashboard