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Project Portfolio Management (PPM): Aligning business and IT. Today's business organizations are increasingly using software development and IT to capture and apply knowledge that is unique to their business in order to drive innovation and make better use of limited resources.

Project Portfolio Management (PPM): Aligning business and IT

This reliance on IT to support new business initiatives is a major aspect of on-demand computing, IBM's vision for a business environment in which companies respond with flexibility and speed to any customer demand, market opportunity, or external threat. Realizing this capability, however, has its challenges, including: Lack of understanding among business managers about how IT can help achieve corporate goals; many regard IT as a necessary evil.

MoSCoW Prioritisation method. Home > Requirements > MoSCoW Prioritisation To be successful projects need to be properly prioritised for both the requirements and the main project objectives.

MoSCoW Prioritisation method

One mechanism is to use a number system, but this is flawed as it results in all elements being number one. A more useful method is to use a set of words that have meaning such as the MoSCoW method. Www.spspro.com/brochures/Portfolio Management Paper, PMI Denver final Oct 2008.pdf. PMO. Hosteddocs.ittoolbox.com/ppm_us_en_wp_governit.pdf. Www.qcagileaccelerator.com/PDFs/Whitepapers/WP_ManagingAgilewPPM&QC.pdf. Project and Portfolio Management. Comparing Approaches to Budgeting and Estimating Software Development  Projects. Everyone claims they want to be agile, but when push comes to shove most people will choose the politically expedient approach over actual effectiveness.

Comparing Approaches to Budgeting and Estimating Software Development  Projects

Comparing Approaches to Budgeting and Estimating Software Development  Projects. Everyone claims they want to be agile, but when push comes to shove most people will choose the politically expedient approach over actual effectiveness.

Comparing Approaches to Budgeting and Estimating Software Development  Projects

For example, what is more important to you: to try to estimate the actual costs of a project and then bring the project in on budget or to spend your IT investment wisely? If your answer is the first then you had might as well stop reading. If your answer is the second then this article is for you, and if you think that it’s possible to achieve both then you desperately need to read this article to dispel you naiveté. The Art Of War. Essential project management dashboards. You are fully equipped for your project.

Essential project management dashboards.

You have your project schedule, your risk assessment, your issues list, project budget, and communication plan. PM World Today. Project Portfolio Dashboard. A project portfolio dashboard supports the executive level and general management of an organization in monitoring and controlling multiple projects.

Project Portfolio Dashboard

In contrast to the project management dashboard of an individual project, it summarizes key performance indicators of virtually all projects the organization is undertaking. Most Important Elements As general manager of an organizational unit, what would you want to know about the projects in your unit? The quick and simple answer is: Are they on track or not? And for those which are not - what are the problems, how do these problems affect our organization or business and what can we do about them? Take the following list as basis which you can adapt and extend to your needs. Product Manager vs. Product Management (part 6) In part 5, I showed how you can begin to decompose the areas where teams, particularly Product Management, provide key deliverables to other teams.

Product Manager vs. Product Management (part 6)

Here’s what the heat map looked like for Product Management across the stages of the development cycle. (click to enlarge) For each colored element in the heat map, a list of deliverables and dependencies for that team at that stage of the cycle must be defined. One important note here. Even though the chart above lists discrete stages in the development cycle, the stages can and likely will overlap in time. ISO38500 - ISO 38500 - International Standard for Corporate Governance of IT - IT Governance - ISO/IEC38500. ISO38500 is the International Standard for the corporate governance of information technology, and provides guidance to those advising, informing or assisting directors on the effective and acceptable use of Information Technology (IT) within the organisation.

ISO38500 - ISO 38500 - International Standard for Corporate Governance of IT - IT Governance - ISO/IEC38500

A New Model of Project Portfolio Management. Introduction | The Bayes' Law PPM Model | Proposals and SelectionNew PPM Metrics | Management | Improving Your PPM Situation | Conclusion Editor's Note The author of this paper is attempting to develop a new model of Project Portfolio Management (PPM) with a view to analyzing PPM results and providing feedback.

A New Model of Project Portfolio Management

The idea is that this feedback, like any feedback, will provide real value to the organization by enabling it to make better decisions, use resources more effectively and hence become more successful. The author is currently seeking to test this model and is looking for companies willing to participate in his research. If you fund a portfolio of projects, you will have a portfolio of results. Information Systems Audit and Control Association. Website: www.isaca.org ISACA is an international professional association focused on IT Governance.

Information Systems Audit and Control Association

It is an affiliate member of IFAC.[1] Previously known as the Information Systems Audit and Control Association, ISACA now goes by its acronym only, to reflect the broad range of IT governance professionals it serves.[2][3] History[edit] The ISACA originated in the USA in 1967,[4] when a group of individuals working on auditing controls in computer systems started to become increasingly critical of the operations of their organizations. They identified a need for a centralized source of information and guidance in the field. The association became the Information Systems Audit and Control Association in 1994.[6] By 2008[update] the organization had dropped its long title and branded itself as ISACA.[7] Current status[edit] ISACA currently serves more than 110,000 constituents (members and professionals holding ISACA certifications) in more than 180 countries.

Major publications[edit] Implementing and Continually Improving IT Governance. Download (Member Only, 3M) Toolkit (Maturity files) (Member Only, 1.2M) Toolkit (Awareness files) (Member Only, 1M) Toolkit (Overview files) (Member Only, 5.3M) Business Technology Management - IT Governance Framework - Val IT. The scope of the Val IT framework is also fully covered within the scope of the COBIT 5 framework. You are invited to review the COBIT 5 framework first and, if more guidance on value is needed, reference the Val IT publications for more detail. Val IT. Val IT is a governance framework that can be used to create business value from IT investments.

It consists of a set of guiding principles and a number of processes and best practices that are further defined as a set of key management practices to support and help executive management and boards at an enterprise level. The latest release of the framework, published by IT Governance Institute (ITGI), based on the experience of global practitioners and academics, practices and methodologies was named Enterprise Value: Governance of IT Investments, The Val IT Framework 2.0.

Decision-Making in Business Group News. [In this Gamasutra analysis piece, UK-based game researcher Mitu Khandaker examines video games and chance, examining why "our brain loves to seek patterns", and how games should treat randomness.] Though this is only the second installment of this series it seems promising that this is turning out to be a set of meditations on being human.

After all, there are many ways in which games can be socially beneficial, some in more obvious, practical sorts of ways than others, but the most important of these, in my estimation, is the potential that games have to teach us about ourselves; about the wonder and the complication of what it is to be human. Humans are pretty amazing. To think of our fantastic, collective achievements as a species is humbling, and awe-inspiring.

The fact that we have a space-probe 16 hours of light-travel away from Earth. That we can create virtual galaxies populated by thousands of remotely connected human intelligences. In the real world, there probably isn't. Star DS's working papers. Gain Knowledge & Insight Please download, read and enjoy Star DS's papers. Click on the titles below to learn about and obtain them. Get More Out of Your Organization with PMI’s Business Solutions. Strategic Initiative Management: The PMO Imperative- Strategic PMOs play a critical role in successful execution. Explore the PMI Thought Leadership Series, a collaboration with the Economist Intelligence Unit, Boston Consulting Group and Forrester Consulting.

IT portfolio management. Project Prioritization. A well defined project prioritization is important for those organizations which have a clear strategy in place that includes – explicitly or implicitly – the project selection criteria. These organizations need to solve the problem of prioritizing the projects they pursue or already have in their portfolio. Main Criteria of Prioritizing Projects (A) Organizational benefits of the project: revenue, cost, profit, and improvement of image(B) Complexity of the project: necessary expertise, innovative content, contractual relationships, cross-cultural communication, work in virtual teams(C) Risk value of the project: damage to the organization's image and overall risk value(D) Contract management: expected changes, expected claims against us, or towards others.