Tuning your RoI in Project Management
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PM Concepts AB has been reviewed and approved as a provider of project management training by the Project Management Institute (PMI).
Seminar information:
Listen to 15 minutes of Building a Successful PMO
Ralf Müller promoted to professor at Umeå School of Business
Clients
- Adidas Germany
- Artemis France
- Avon Poland
- Baxter Germany
- CSC Ploenzke Germany
- Cap Gemini Sweden
- DHL Poland
- DaimlerChrysler Germany
- Dell Europe
- Deutsche Bank Germany
- EDS Germany
- Ericsson Sweden
- Eureko The Netherlands
- European Investment Bank
- Ford Germany
- HZD Germany
- Horvath & Partners Germany
- IBM Germany
- IKEA Sweden
- Intentia Sweden
- Logica Sweden, Germany
- Lucent Technologies Germany and Europe
- SAP Germany
- Siemens Germany
- Tetra Pak Sweden and international
- TietoEnator Sweden
- Volvo Sweden
- XDIN Sweden
Managing Projects, Programs, Portfolios
The terms project, program and portfolio management pervade everyday life in business. However, rarely it is defined what is meant by it. What is implied in the terms is a matter of perspective. It means different things to different people.
Managing projects means
managing a temporary organization
to which resources are assigned
to undertake a unique, novel and transient endeavour
managing the inherent uncertainty and need for integration
in order to deliver beneficial objectives of change
Managing programs is
managing a temporary organization
in which a group of projects are managed together
to deliver higher order strategic objectives
not delivered by any of the projects on their own
Whereas managing a portfolio of projects means
managing an organization, (temporary or permanent)
in which a group of projects are managed together
to coordinate interfaces and prioritise resources between them
and thereby reduce uncertainty.
The differences of perspective are obvious. Managing projects has direct and measurable goals, while programs serve higher order strategic objectives in which synergies among the objectives of the individual projects are sought. Portfolio management is a long term, resource optimizing perspective within which projects and programs are executed.