Stop using spreadsheets to track and manage your project portfolio. Acuity PPM provides excellent software with an intuitive interface to help your project teams with portfolio management. Our customers love our lightweight design that makes it easy to use and adopt. Our implementations are measured in days, not weeks or months like other solutions. We support multiple industries and have years of consulting expertise with the Fortune 500. Contact us today and learn more about how Acuity PPM can help your team.
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“Thank you for the detailed explanation of Project Portfolio Management! The benefits you highlighted, such as better resource allocation and alignment with strategic goals, are very insightful. Could you provide some examples of tools or software that can help in effectively managing a project portfolio?”
We would encourage you to try out Acuity PPM software for managing a project portfolio. You can try out the software here: acuityppm.com/contact-us/ We help organizations get all set up with the software so that they can manage the different aspects of project portfolio management. Thank you!
Terrific, detailed overview of an effective, efficient work intake demand management process. VERY informative and narrator does a great job presenting in clear, concise, logical and easy-to-understand way. Well done!
Thank you for that feedback; that helps us deliver more great content.
excellent - so true!
Thank you, Larry.
Very interesting, can you provide sources of your information particularly regarding epmo and structure and capabilities of PMO ? Many thanks for the feedback
Excellent presentation
Thank you, we are glad you liked it
I was looking for Financial risk management but this video was helpful.👍
Do you have a template for this impact matrix and analysis?
We can share a template and we also have these capabilities within Acuity PPM software now. Please visit acuityppm.com/contact-us/ and request the matrix. Thank you.
Excellent video. Prefect overview of PPM. Thank you.
Thank you, Michelle! We appreciate the feedback.
Great video! Thank you!
Thank you for the feedback! This helps us create more content.
😇 *promosm*
Great Lesson!
Thank you, Jay! Glad to hear that.
The main drawback i see in this approach is, the resource plan doesnt correlate with schedule work/data.
You bring up an important point, which is "how granular of resource data do we need to successfully manage resource capacity?" In addition to the response below, I would also encourage looking at two of our articles. acuityppm.com/best-practices-for-resource-capacity-planning/ acuityppm.com/ppm-101-the-challenges-of-resource-capacity-planning/ There are different points of view on this. Based on our experience, we believe that most organizations benefit by having a higher level resource plan that corresponds to the timing and scope of the project and which is informed by the input of the people doing the work. This is the easiest to build and maintain. Other people would advocate that resource forecasts should be at a task/activity level in order to be more "accurate". Some organizations can be successful with this approach, but it not only requires advanced project management capabilities to plan the work at a detailed level, but it also assumes that leadership can (and will) make better decisions based on the more granular data. From our experience, even if project management is more mature, the extra granularity does not get used well by the governance team to make better portfolio decisions. In fact, we have seen such resource plans as a "false precision" that gives the illusion of accuracy, when in fact the resource data may not be accurate at all. Let's assume that an initial resource plan is well built and accurate, the problem then becomes with the maintenance of that resource plan. Over time, as things change, it requires a lot of work to maintain the accuracy of that plan. This is where resource capacity planning efforts fall apart. It takes a lot of extra work to maintain both a detailed schedule and detailed resource plan. For these reasons (and others), we believe that many companies can be just as successful by maintaining a higher level resource plan that is "good enough" to answer the two key questions: 1) When can we take on new project work? 2) Can we get our existing project work done?
😒 *Promo sm*
good explanation 👍🏻 thank you
Glad it was helpful!
An excellent presentation. Great work.
Thank you for the encouragement; this helps us produce more content.
Another amazing lesson! Keep it up! 🙌🏼
Thank you for the encouraging feedback; we are glad you liked it.
outstanding lessons
Thank you very much for the feedback, we appreciate it!
very helpful and well presented, thank you!
Thank you, Anna.
Strategy roadmap for portofolio managenent drives stratehi xecutuon and maximize bussines value delivrty through selction, optimazation and oversight of project investments which align to bussiness goals and objectives
yes!
Thank you much!
using the graphic of a stick person with a tie lends to the idea that all the managers in your scenario are men - you might want to rethink the false stereotypes these simple graphics reinforce.
I'll add another P - People
excellent thought process
Thank you Lakshman!
Very useful, thanks a lot!
Thank you Elena!
Need Oracle project portfolio management full cource...... please make videos on it 👍
This has great information, thank you!
Thank you, Jenifer. Let us know how else we can help.
You have wonderful information. Minor suggestion would be to bring some energy. With so much verbiage and diagrams, the monotone loses the listener.
Noted, thank you for the feedback.
THIS IS GARBAGE IT HAS NO APPLICATION YOU ARE JUST TALKING ABOUT NOTHING ...DO YOU UNDERSTAND THAT? BUT YOU ARE JUST ONE OF MANY WHO CREATE CONTENT JUST TO TALK
Clarification question: is there a difference between value and benefit? I wasn't clear
Alan, great question. Value is defined by each organization, but often includes a quantitative component (financial, such as net present value) as well as a qualitative component such as strategic importance and other business drivers. These elements of value are often incorporated in a prioritization scoring model (see: kzread.info/dash/bejne/pW1pp5aEhKTOiKw.html). Benefits are the result of the key outputs that a project delivers. Benefit realization is about making sure that the outputs delivered by a project result in the benefits planned at the beginning of the project. One definition of benefit is "an advantage or profit gained from something" One definition of value is "the regard that something is held to deserve; the importance, worth, or usefulness of something". Value is the "regard" or the assessment of something. Benefit is the advantage/profit gained from the project deliverables. If you would like to talk further, please feel free to use this link: calendly.com/acuityppm/general-discussion
Good information
Thank you, Veena.
Thank you for sharing
How do you set the weight percentages? AHP-like method? Are they supposed to add up to 100%? Because they add up to 90.
Good eye. Yes, the approach we recommend is AHP pair-wise comparisons and the percentages are supposed to add to 100% (and they do in Acuity PPM software). We have updated that image in our ebook on prioritization (to add up to 100%). Thank you, Ivan.
I am subscribed to the blog and have read the article there but can't find the slide-pack that includes the detailed visual shown in the video for each of the 5 stages in the maturity model. Can you provide me with a link?
Hi Nigel, please visit acuityppm.com/contact-us/ to contact us and we would be happy to send you a copy of the presentation. Thank you.
hi, i'm so interest about PPRM (Project Portofolio Risk Management). do you guys can explain how to cascade the project risk into portofolio level and details about project portofolio risk assessment? and also the independencies between projects can contribute the risk at portofolio level
Thank you for your interest in Portfolio Risk Management, we will try and provide an additional video on this in the future. In the meantime, you are welcome to schedule a complementary session to discuss portfolio risk management in more detail: calendly.com/acuityppm/trial-request
Thanks hopefully a lot to get started
Thank you, Niclas. Yes, resource capacity planning is one of the hardest components of project and portfolio management. It takes time to build up this skill. Two quick recommendations - help the project teams improve their planning and estimation and on the portfolio level don't collect too much data. Collect enough data to make better decisions.
may i request, make a video about how to cascade risk from project level into portofolio level and method of top down or bottom up in assessing risk of project portofolio. Thank You
Thank you for your interest in Portfolio Risk Management, we will try and provide an additional video on this in the future. In the meantime, you are welcome to schedule a complementary session to discuss portfolio risk management in more detail: calendly.com/acuityppm/trial-request
Very helpful. Thank you
Great. I am glad you found it helpful. Please reach out with any other questions or comments. Thank you.
Great video, clear and direct to the point. Thanks
Glad it was helpful!
Thank you for sharing 👌
Thank you for the video! Was helpful!
hi, good explanation 👍🏻. I have some questions - how can we define portfolio - level risk (when we have programs and projects)? - how to calculate the aggregation from value risk from project to program and become a total risk value in portfolio? - is it true of bottom up concept to define portfolio level risk or top down? thank you
Good questions. Part of the portfolio risk management process is to define the types of portfolio risks you want to watch for. Essentially, portfolio level risks are risks that negatively impact strategic accomplishments. These tend to be risks that impact multiple projects and programs in the portfolio. These risks are bigger than any single project likely will manage. Calculating a portfolio risk score is dependent on having a scoring model in place as well as tracking project and program budgets. By linking the project/program risk score with their weighted budgetary contribution to the portfolio, we can calculate an aggregate portfolio risk score. You can schedule a free session to discuss further by clicking on this link: calendly.com/acuityppm/15min
i searched all over the internet, this is the best one on priority matrix
Thank you for that feedback, we are very glad you got value from the video!
Perfect, thanks a lot
You're welcome!
Very nice Looking foward to new ones ☺
Awesome presentation, thank you
Thank you for that feedback, Alessandro! We try to put out great content.
Great video. Do you have an excel template to create charts with hours tasks take and hours at disposal?
We do not utilize Excel sheets. Honestly, it is very difficult to manage resource capacity in spreadsheets, unless you have a small team. We have a resource capacity module in Acuity PPM that we would be happy to show to you. We make it very easy to enter and maintain resource data. Please use this link to schedule a time: calendly.com/acuityppm/15min
Great content! Thanks so much
Thank you, Ami! We're glad you found value in the content. We have a lot more great content on our blog as well: acuityppm.com/blog/
This is fantastic, Tim! Thanks for posting.
I'm glad you liked it. Let us know if you need help with a maturity assessment or roadmap: acuityppm.com/contact-us/