Do the priorities of your projects change constantly, with no understanding of the impacts to the
organization? Do your projects experience frequent change of status, from green to red and back
again? Is there intense competition, rather than cooperation, among departments when supporting,
staffing, and funding projects?
Answers of "yes" to these questions may mean that your organization has an unbalanced (or undocumented)
project portfolio. Project Portfolio Management (PPM) is a management process designed to help an
organization acquire and view information about all of its projects, then sort and prioritize each
project according to certain criteria (e.g., strategic value, impact on resources, cost). Cognitive
Technologies helps our clients achieve the objectives of PPM and get the best ROI from project resources.
Cognitive Technologies can lead the project portfolio management team to accomplish these critical activities:
- Develop an inventory of all projects and enough descriptive information about each to allow them to be analyzed and compared
- Work with the client to determine who should be on the portfolio management team
- Facilitate the agreement of the PPM on a set of criteria for valuing projects in order to prioritize them
- Facilitate working sessions with department heads or other unit leaders to examine each project and prioritize it
- Document project portfolio management decisions in an easy-to-use toolset
- Reevaluate the project list by the portfolio management team on a regular basis to determine which projects are meeting their goals, which may need more support, or which may need to be down-sized or dropped entirely.
Contact Cognitive Technologies' project portfolio specialists to achieve better management of your
organization's portfolio of projects and to ensure you are focusing on projects that have high value
to the organization.