Business innovation as the growth option In today’s search for growth, most organizations realize the importance of developing new business. Without growth, there is very little room for development, and growing through acquisitions is at best imperfect, especially in terms of value creation. The main challenge of today’s enterprise is not whether to focus on both running the… Read More Three ways to ruin new business programs
All PPM methods agree on the relevance of the business case Whether it is Stage-Gate, Prince II, or basically every alternative method, every project should have a business case to justify how it is expected to create value. It is my experience that too many Project Portfolio Management processes focus on project selection, not on selecting… Read More Select business cases in the portfolio
Why portfolio management maturity improvement is hard We work with organizations that want to improve their portfolio management process. It strikes me that these improvement efforts take a significant amount of time and effort to complete, or even sometimes do not make progress. can we diagnose this issue with stating that this is a tough change process… Read More The rhythm of portfolio management
What if we do not do as we are told? May it is because I am dutch. Apparently, we (the dutch) have a bad reputation in not just doing as we are told. Instead, management decisions are analyzed, discussed, challenged and only executed if they pass our (personal or group) tests. Ever since my first managerial assignment,… Read More Portfolio decisions and implementation
The first European Decision Professionals Network conference On October 4 and 5, I was part of the first conference of the European Decision Professionals Network. This EDPN network is an informal community that provides a platform for Decision Professionals in both business and government who aim to promote high quality decision-making within their own or their clients’ organisations. It also links European… Read More Portfolio management throught the decision professionals’ eyes
Innovation from the Corporate garage? Do you believe that large corporations will drive the next wave of innovation, as presented in the recent Harvard Business Review article “The new corporate garage” by Scott Anthony? I have spent 25 years in the land of corporate innovation and seen all sorts of success and lots of failure. I am confident… Read More Size matters: why big corporations can outperform small ones on innovation.
As a sequel to my previous post, I have been collecting some more myths about portfolio management. These myths, or pitfalls, provide powerful but false guidance in many portfolio management implementations, so recognizing and avoiding them will help improve your portfolio decisions. Here are myths number 4, 5, and 6: “Portfolio management is rank-ordering and then selecting… Read More Another 3 myths in portfolio management