Posts tagged as "enterprise portfolio management"

Posted by Ajay Parasrampuria on 27th December 2009

Catching the catfish with Project Portfolio Management

On a rainy day this July, I got a call from a friend of mine. I was a bit surprised to hear from him back then and could barely comprehend the situation he was describing on the phone. What I ultimately managed to gather was that he’s busy fitting himself a new CxO level role these days and needs to put the final touches to his presentation to the corporate planning head. The question he posed was whether he should recommend a significant budget increase in his area of responsibility, or manage within the existing limited budgets. The real issue in his mind was how he could assure optimum alignment of spending with the direction of his organization. Moreover, if he acts either way, how can be sure of delivering the value he promised the organization on the basis of his strategic initiatives?