Method123 Blog

Portfolio Management

Jim Lombardi

Method123 has just released a Portfolio Management Module for MPMM  for $195. Order Now! What is Project Portfolio Management? The Project Management Institute (PMI) defines project portfolio management -- or simply portfolio management -- as the “centralized management of one or more portfolios that enable executive management to meet organizational goals and objectives through efficient decision making on portfolios, projects, programs and operations.” Note that this is an interrelated organizational processes by which an organization evaluates, selects, prioritizes, and allocates its limited internal resources to best accomplish organizational strategies consistent with its vision, mission, and values. This ideally means that PPM should drive...

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What is Kanban?

Jim Lombardi

What is Kanban?

Kanban is a visual system for managing work as it moves through a process. Kanban visualizes both the process (the workflow) and the actual work passing through that process. The goal of Kanban is to identify potential bottlenecks in your process and fix them so work can flow through it cost-effectively at optimal speed or throughput.   The 3 core practices of the Kanban method are: Visualize your Workflow Limit Work in Progress (WIP) Manage Flow & Eliminate Wasted Resources The Kanban Method is a process to gradually improve whatever you do – whether it is software development, IT/ Ops,...

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Zombie PMOs...don't be that guy.

Jim Lombardi

Zombie PMOs...don't be that guy.

For several years now the phrase 'Zombie PMO' has been used to describe a PMO organization that is barely alive -- more focused on mundane self-serving practices than delivering business value.  Be sure that well before the 'Zombie' reference was born, this has been a crisis in the PM community.  For years we've seen PMOs come and go in and out of fashion, not because the concept of a PMO lacked business value, but because those executing the PMO have failed to focus on the business value they should be delivering. We staunchly support the idea of embracing best-practices, standards,...

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Project Management Templates Building Teams

Jim Lombardi

Build Teams with Project Management Templates So you’re a Project Manager on a new project and you want to build a high performing team using project management templates? Excellent, this is a great goal to strive for. But it’s not easy, especially in the project environment which has its own challenges. To do it, take these tips for... Building high performing teams What exactly is a high performing team? It’s “a team that exceeds the goals you set, by working hard and smart, as a group, not individuals.” Whether you’re in IT, construction, engineering or another industry, building a high performing team...

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Work Breakdown Structure (WBS) - Foundation of Project Success

Jim Lombardi

Developing Effective Work Breakdown Structures The Work Breakdown Structure (WBS) is an often misunderstood and underappreciated tool of project management.  I would argue that it is a critical piece of the foundation of any project management methodology.  Many misconceptions exist about what a WBS is, how it is used and why it is such an important part of the project management process. A WBS is a deliverable-oriented, hierarchical grouping of the work to be executed by the project team to accomplish the project objectives and create the required deliverables.  It organizes and defines the total scope of the project. Each...

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