Today we have with us Dr. Mark C. Bojeun. Dr. Bojeun holds a B.S. in Business Administration from Strayer University, an MBA from George Mason University, and has a PhD in Organizational Management. He is one of a small number of people in the world to hold certifications as a Program Management Professional (PgMP), Project
Weeds often pop up in someone’s yard while they’re away, and unfamiliar applications and software often do the same in technological environments.
5 Things to Think About When Applications Are Popping Up
Sometimes businesses purchase databases, technical solutions, or software without first talking to the IT department or technology group. When this happens, the technology introduced into the environment may not fit with the current architectural plan the organization has in mind. Before a company makes the decision to implement new technology, there are five steps that should first be taken.
PofE 089: Scoring Pains: Should You Use Business Drivers or Business Outcomes To Score Your Projects?
Business Drivers are any important part of a business such has cost, capital expenditures, marketing, custom support or superior products, etc… They are Touch Points that influence an organization's value.
Business Outcomes are items that the customer deems important and that address the customer pain points or an opportunity to enhance the customer's perspective. Think Customer Focus, Getting the Customer's Journey and Experience Right.
Learn how business outcomes and business drivers can be applied to score the success of your business.
As technology continues to advance, business owners must be prepared to stay one step ahead of their competitors and the expectations of their customers. To gauge the success of a business, a capable portfolio manager can apply a number of metrics to determine how much of an effect a certain program or project is going to have on the company as a whole. Though both of the following metrics may apply in different ways, utilizing them both is one of the most powerful ways to shape the business approach and provide your end users with the products and services they are looking for.
Project Managers are like a Music Conductor of a small ensemble – they coordinate with all the players to deliver a solid performance.
Portfolio Manager are like a NFL Scout – Reviewing, finding and selecting the right mix of players to give the team a winning chance to make it to the Super Bowl.
Check out this training session to learn how.
What is your approach to your portfolio? Depending on your mindset, you may be more adept at certain management tasks over others.
The way a business owner approaches their options can make a tremendous difference in the long-term. Gerald Leonard describes two specific mindsets when it comes to pursuing the perfect structure for your business approach. He lists them as portfolio managers and project managers. Both of these roles can have different results, but ultimately it is through the union between the two that professionals are able to achieve the most. By understanding the differences in these two mindsets, anybody has the opportunity to succeed and achieve more.
Whether you have a small or large business, you're making investments to develop new products or services to accomplish your goals and objectives. Learning to use the Strategy Scoring Matrix can help you determine where you should allocate your limited resources of time and money while generating the greatest return on your investments.
Overview of the Strategy Scoring Matrix
The Strategy Scoring Matrix is an easy-to-use tool for small or large businesses to score their projects and determine the value of investing limited resources. The process helps to manage those limited resources. The matrix discussed here focuses on six items and can be adapted to fit your business.
Jamal Moustafaev, MBA, PMP – is the President and Founder of ThinkTank Consulting, is an internationally acclaimed expert and speaker in the areas of project/portfolio management, scope definition, process improvement and corporate training. Jamal Moustafaev has done work for private-sector companies and government organizations in Canada, the U.S., Asia, Europe and the Middle East.
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