Author Description

Larger projects with many stakeholders, departments and large teams of employees, vendors and contractors require different tools and techniques. We start with the best practices project management techniques that your project managers should use to plan, schedule, budget, track and report on their project progress. Then we move on to managing programs composed of multiple projects linked by a common strategic goal. We discuss how to establish a business value for the benefits the project will produce. Then we move on to allocating resources based on that business value. We also cover program design and tracking the progress of each program component. In the last section we deal with maximizing the business value of the organizations portfolio of projects. We'll treat each project as an investment that must more than pay for itself to earn entry into the portfolio. Of particular importance is prioritization, allocation of scarce resources. A set of process that needs to take place in this environment is rigorous project initiation scrutiny and giving the ax to projects that are not achieving their promised results. We conclude with tools for analyzing an organization's entire portfolio of projects to maximize the yield.