Project Rescue Series: Portfolio Size

Companies are faced with a need to constantly be evolving and improving in order to effectively respond to the market. This pressure to evolve usually results in a long list of projects the company wants to complete in order to stay competitive, improve profitability, or respond to regulations. When I joined the board of the PMI Mile Hi Chapter, there was a list of 20 great projects we needed to undertake in order to improve the value we were delivering to our customers and ensure we were staying relevant. The team tried to take on all 20 projects. At the end of the year, how many were delivered? None. Companies must reduce the number of in process projects. Do less to do more. Too many projects result in:

Continue reading