pfmp - a practical guide to project portfolio management

PfMP - A Practical Guide to Project Portfolio Management

Dave Ungar, PMP, PfMP

PMI Central Ohio ChapterProfessional Development Day

November 13, 2015

Strategy GovernancePerformanceRisk ManagementCommunication

Project Management Institute. (2013). The standard for portfolio management, third edition. Newtown Square, Pa: Project Management Institute.

Project Management Institute. (2013). The standard for portfolio management, third edition. Newtown Square, Pa: Project Management Institute.

You need data.

… Areas of investment, not projects.

ThemeTheme

Theme

Theme

Theme

Theme

Theme: Develop new class Theme: Develop new routes

Governancehow decisions are madehow projects alignhow data & feedback are used to optimize

Execute.

Risk

Value(return)

Project Value –vs- Risk

(Limit)

Performance

Neutralizers-----

Go faster.Stop earlier.

Differentiators-----

Test/ Learn.Commit.

ProductivityProjects

-----

More effective use of resources.

RegulatoryProjects

-----

As little as possible.

KPI: Compliance

KPI: Productivity

KPI: learning, improvement

KPI: capability optimization

KPI: Strategic Delivery

KPI: Results

Leading Performance Indicators

Lagging Performance Indicators

Risk

Value(return)

Project Value –vs- Risk

(Limit)

Dave Ungar, PMP, PfMP

@daveungar225dave@daveungar.com

PfMP - A Practical Guide to Project Portfolio Management

Appendix

Department Areas

FinanceReturn On Investment Cash Flow Return on Capital Employed Financial Results (Quarterly/Yearly)

Internal Business Processes

Number of activities per function Duplicate activities across functions Process alignment (is the right process in the right department?) Process bottlenecks Process automation

Learning & GrowthIs there the correct level of expertise for the job? Employee turnover Job satisfaction Training/Learning opportunities

Customer

Delivery performance to customer Quality performance for customer Customer satisfaction rate Customer percentage of market Customer retention rate

BSC

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Project Management Institute. (2013). The standard for portfolio management, third edition. Newtown Square, Pa: Project Management Institute.

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