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:

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How Many Projects Is “Too Many”?

Every year as the fourth quarter approaches, capacity planning kicks off. With the speed of business we tend to try and cram in as many projects into a year as possible. We can’t risk falling behind, so we figure out how to implement every great idea. Often we get caught in the trap of believing we can just use staff augmentation to offset the greater capacity needs extra projects create. When doing capacity planning, don’t forget these other big hitters: Continue reading