Book description
You have too many projects, and firefighting and multitasking are keeping you from finishing any of them. You need to manage your project portfolio. This fully updated and expanded bestseller arms you with agile and lean ways to collect all your work and decide which projects you should do first, second, and never. See how to tie your work to your organization's mission and show your managers, your board, and your staff what you can accomplish and when. Picture the work you have, and make those difficult decisions, ensuring that all your strength is focused where it needs to be.
All your projects and programs make up your portfolio. But how much time do you actually spend on your projects, and how much time do you spend on emergency fire drills or waste through multitasking? This book gives you insightful ways to rank all the projects you're working on and figure out the right staffing and schedule so projects get finished faster.
The trick is adopting lean and agile approaches to projects, whether they're software projects, projects that include hardware, or projects that depend on chunks of functionality from other suppliers. Find out how to define the mission of your team, group, or department, with none of the buzzwords that normally accompany a mission statement. Armed with the work and the mission, you'll manage your portfolio better and make those decisions that define the true leaders in the organization.
With this expanded second edition, discover how to scale project portfolio management from one team to the entire enterprise, and integrate Cost of Delay when ranking projects. Additional Kanban views provide even more ways to visualize your portfolio.
Publisher resources
Table of contents
- Foreword by Ron Jeffries
- Foreword by Tim Lister
- Preface
- 1. Meet Your Project Portfolio
- 2. See Your Future
- 3. Create the First Draft of Your Portfolio
- 4. Evaluate Your Projects
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5. Rank the Portfolio
- Never Rank Alone
- Rank with Cost of Delay
- Rank with Business Value Points
- Remaining Points Provide Metadata
- Rank the Projects by Risk
- Use Your Organization’s Context to Rank Projects
- Who’s Waiting for Your Projects to Be Completed?
- Rank the Work by Your Products’ Position in the Marketplace
- Use Other Comparison Methods to Rank Your Projects
- Beware of Ranking Traps
- Your Project Portfolio Is an Indicator of Your Organization’s Overall Health
- Publish the Portfolio Ranking
- Now Try This
-
6. Collaborate on the Portfolio
- Organize to Commit
- Build Trust
- Define Your Principle so You Can Collaborate
- Articulate Your Mission to Prepare for Collaboration
- Facilitate the Portfolio Evaluation Meeting
- How to Say No to More Work
- Fund Projects Incrementally
- Never Make a Big Commitment
- Discover Barriers to Collaboration
- Who Needs to Collaborate on the Portfolio?
- Now Try This
- 7. Iterate on the Portfolio
- 8. Make Portfolio Decisions
- 9. Visualize Your Project Portfolio
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10. Scaling Portfolio Management to an Enterprise
- Understand How You Work Together Now
- Does Your Organization Suffer from Resource Efficiency Thinking?
- Create a Holistic Perspective of All the Work
- Define Strategy at Your Level
- Ask These Questions for Each Business Unit
- Beware of the Sunk Cost Fallacy
- Start with Strategy and Paper
- Start Here with an Agenda for a Corporate Project Portfolio Meeting
- Scale with Care
- Now Try This
- 11. Evolve Your Portfolio
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12. Measure the Essentials
- Measure Value
- What You Need to Measure About Your Projects
- Measure Project Velocity: Current and Historical
- Measure Project Cycle and Lead Time
- Measure Cumulative Flow for the Project
- Measure Obstacles Preventing the Team’s Progress
- Measure the Product Backlog Burnup Chart
- Measure Run Rate and Other Cost Data, if Necessary
- Don’t Even Try to Measure Individual Productivity
- What You Need to Measure About the Portfolio
- Measure Capacity by Team, Not by Individual
- People Finish More with Lean and Agile
- Now Try This
-
13. Define Your Mission
- Define the Business You Are In
- What Good Is a Mission, Anyway?
- Define an Actionable Mission for the Organization
- Managers: Do Management Work
- Draft a Mission from Scratch
- Brainstorm the Essentials of a Mission
- Refine the Mission
- Derive Your Mission from Your Work
- How to Define a Mission When No One Else Will
- Beware of the Mission Statement Traps
- Test Your Mission
- Make the Mission Real for Everyone
- Now Try This
- 14. Start Somewhere…But Start
- A1. Glossary
- Bibliography
Product information
- Title: Manage Your Project Portfolio, 2nd Edition
- Author(s):
- Release date: August 2016
- Publisher(s): Pragmatic Bookshelf
- ISBN: 9781680503906
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