portfolio management

Where portfolio management meets strategic planning

A recent article followed by a survey, published by Mc Kinsey ( http://www.mckinseyquarterly.com/Strategic_planning_Three_tips_for_2009_... ) confirm the need for a more rigorous approval and monitoring process of projects and capital expenditure.
Well, this is precisely what the project portfolio management process does. So if your company has not yet formalized this process yet, the current crisis might be the good opportunity to implement it. This process will make your company more adaptive to the turbulent outside world and maximise your chance of success.

The right time to review objectively a company project portfolio and kill the non-performing or pet projects ?

Six months into the crisis, it may still be time to take a hard look at your current project portfolio and decide whether some projects should be killed.
Some of them may have been started without taking a close look at their alignment with the business strategy, or without sound financial perspectives. Some projects should probably be killed but objective metrics on project health may not be available and project managers may want to pursue them at any cost.

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