Project Portfolio Management Archives

What Is a Cost Breakdown Structure (CBS) in Project Portfolio Management?

Maja TanushoskaApril 17, 2024

Making things or building structures can be tough because it’s hard to know how much they should cost. That’s where the Cost Breakdown Structure (CBS) comes in. It’s like a special tool that helps project managers figure out the cost of making something. For project managers, figuring out these costs is important. They need to ... Read More

Project Scope: Learn Management Steps, Tips & Tools

Maja TanushoskaApril 8, 2024

Understanding project scope is crucial for successful project planning. It sets the boundaries for what’s included in the project work and what’s not. Scope management is a key part of project management, ensuring projects stay on track and within budget. In this guide, we’ll explore the project scope in easy-to-understand terms, covering its definition, management ... Read More

How to Allocate Resources for Projects?

Maja TanushoskaFebruary 26, 2024

Project management involves a multitude of tasks, and one of the most critical aspects is resource allocation. From people to equipment, materials, and time, allocating resources effectively can make or break a project. In this article, we will explore the importance of resource allocation in project management and provide you with valuable insights on how ... Read More

Top Reasons to Move Your Business to the Cloud

Maja TanushoskaFebruary 15, 2024

As organizations grapple with constant changes and increasing competition, the adoption of cloud technology emerges as a crucial strategy to unlock new opportunities for project-based businesses. This article explores the numerous advantages of cloud computing and why it is a vital step for project management organizations aiming to thrive in today’s digital era. Saving Money ... Read More

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How To Find Out If Your PMO Is Mature Enough?

Maja TanushoskaJanuary 18, 2024

Project management offices (PMOs) are crucial to the selection, implementation, and management of projects in the field of business project management. For more effective operations, it is necessary to look into the realm of PMO maturity, a topic that the Project Management Institute (PMI) has discussed extensively. Their annual Global Congresses have featured a variety ... Read More

Choosing The Right PPM Software: On-Site Vs. Cloud-Based Platforms

Maja TanushoskaDecember 21, 2023

When organizations embark on the journey of selecting project portfolio management (PPM) software, a pivotal decision between on-site and cloud-based platforms looms large. This choice extends beyond the deployment model, encompassing critical aspects of installation, management, and accessibility. On-Site PPM Solution: A Comprehensive Approach Delving into the intricacies of on-site PPM solutions reveals a comprehensive ... Read More

Manage Portfolio Risk Strategically: Navigating Uncertainties for Sustainable Growth

Maja TanushoskaDecember 14, 2023

In the fast-paced and dynamic business landscape, strategically managing portfolio risk has emerged as a critical component for organizations seeking sustainable growth and resilience. This article delves into the essence of portfolio risk management, offering a comprehensive guide that combines proven methodologies and contemporary strategies to navigate uncertainties and secure long-term success. Defining Portfolio Risk ... Read More

What Is the Impact of Project Management Reports?

Maja TanushoskaNovember 30, 2023

Project management is a disciplined approach, utilizing information, skills, tools, and procedures to successfully complete projects according to specific specifications. While seemingly straightforward, effective project management requires a comprehensive strategy at each level. This blog delves into the crucial role of project status reports and emphasizes the significance of advanced project management reports in project ... Read More

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How to Use PPM Software for Your Team’s Needs and Goals

Maja TanushoskaNovember 2, 2023

As businesses grow, successful project management becomes increasingly important. Effective project management takes priority as the business develops, with complexity increasing at the same time. Software for project portfolio management (PPM) makes it easier to manage multiple projects at once in this situation. Even though PPM software and PPM tools have always been important in ... Read More

Navigating Success with Phase Gate Project Management

Bojan IvanovskiOctober 27, 2023

Navigating Success with Phase Gate Project Management In the ever-evolving landscape of project management, various methodologies have emerged to help organizations streamline their processes, enhance efficiency, and mitigate risks. Among these methodologies, Phase Gate Project Management has gained prominence as a robust approach to ensure that projects are on track and meet their objectives. ... Read More