Portfolio Management - Linking Strategy with Execution

Portfolio Management - Linking Strategy with Execution

The strategic differentiation for businesses was never achieved on ideas alone, but in their ability to execute good ideas and turn them into tangible benefits. Project and program management have been the disciplines of choice for executing complex initiatives, yet the success rates are dismal due to doing the wrong projects and weak executive support. This is where portfolio management comes into play, providing a disciplined approach to project selection and aligning them with organizational objectives. Highly effective portfolio management can yield a 36% improvement on completing projects on time and 29% for return on investment. PMI identified five drivers to effective portfolio management, including senior management receptivity, competent portfolio governance, standardized metrics and criteria, consistency and logic of organizational strategic objectives, and mature project management office.

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Why Following Someone Else's Success Can Lead to Your Failure

Following in the footsteps of successful companies may not always lead to innovation success as context and undersampling of failure can play a big role.

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Best Brainstorming Software: How to Find the Right One

Best Brainstorming Software: How to Find the Right One

Brainstorming software is vital for idea generation and innovation. It helps collaborate with others and capture all ideas. Digital brainstorming allows remote participation while physical brainstorming is in person.

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Idea Prioritization – How to Succeed?

Idea Prioritization – How to Succeed?

Prioritizing ideas is key to innovation management, but choosing the right approach can be challenging. Learn about common prioritization models and a five-step process for identifying the most impactful ideas.

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