Description
In general, agility is defined as "the ability of a [system] to rapidly respond to change by adapting its initial stable configuration".
Agile Project Portfolio Management
A Resource Constrained Approach
PMI Southern Caribbean Chapter 5th Biennial International Project Management Conference September 15-16, 2009
Robert K. Wysocki, Ph.D. Enterprise Information Insights
Introduction to the Contemporary Project Landscape To build an Agile PPM Process you need to know … How to define the portfolio strategy How to propose projects to the portfolio How to prioritize proposed projects How to choose which projects to support How to define portfolio performance metrics How to establish a balanced portfolio How to monitor portfolio performance How to maximize expected business value
Introduction to the Contemporary Project Landscape What is your organization’s project environment? THE PROBLEM Projects are of high complexity and uncertainty Project failure rates are too high Client scope change requests are out of control There are too many inter-project scheduling conflicts There are too many 11th hour staffing changes There are too many poor staffing assignments Availability is too often treated as a skill The acceptance of a project into the portfolio does not consider resource availability
Introduction to the Contemporary Project Landscape What is your organization’s project environment? THE SOLUTION Establish an agile process for managing a resource constrained project portfolio. Working in partnership with you this workshop will prepare you to design an agile process tailored to your needs.
Introduction to the Contemporary Project Landscape Any of these projects can populate the portfolio
SOLUTION
Clear Not Clear
Not Clear
MPx xPM TPM APM
GOAL
Clear
Introduction to the Contemporary Project Landscape PMLC models mapped onto the Project Landscape SOLUTION
Clear Not Clear
Not Clear
Extreme
GOAL
Clear
Linear Iterative Incremental
Adaptive
Introduction to the Contemporary Project Landscape SDLCs map directly into this Project Landscape
TPM
SOLUTION
Clear Not Clear
Linear
Standard Waterfall Rapid Development Waterfall
Incremental
Staged Delivery Waterfall
APM
Not Clear
MPx xPM
Extreme Extreme
Iterative
Evolutionary Development Waterfall Feature-Driven Development
GOAL
Clear
Adaptive
APF ASD Scrum RUP DSDM
TPM APM
Linear Iterative Incremental Adaptive
xPM & MPx
Extreme
INSPIRE
Introduction to the Contemporary Project Landscape PPM & PMLC Model Integrated at the Phase Level
PROJECT
PORTFOLIO
The Project Life Cycle 8 stages of the project life cycle Proposed Aligned Prioritized Selected Active Postponed Canceled Completed
An Agile Project Portfolio Management Life Cycle What is Agile Project Portfolio Management? Agile Project Portfolio Management includes:
Establishing the investment strategy of the portfolio Evaluating and prioritizing proposed projects Constructing a balanced portfolio that will achieve the investment objectives Monitoring the performance of the portfolio Periodically adjusting the contents of the portfolio to maintain alignment to the investment objectives
NOTE: Agile applies to the portfolio not the project type. The portfolio can contain projects of all types.
An Agile Project Portfolio Management Life Cycle Agile PPM Life Cycle Template
Establishing a Portfolio Strategy What is a portfolio strategy? A portfolio strategy includes: Defining categories or types of projects that will be supported You may decide to have multiple portfolios Allocating resources to each portfolio and each category within a portfolio based on the importance of the category to the business
Establishing a Portfolio Strategy Strategic Alignment Model
Establishing a Portfolio Strategy Project Distribution Matrix
Establishing a Portfolio Strategy Risk vs Business Value – A Hybrid Model
Prioritizing Projects How to Prioritize Proposed Projects
Nonnumeric
Forced Ranking Must Do – Should Do - Postpone
Numeric
Criteria Weighting Paired Comparison Risk Analysis
Prioritizing Projects Forced Ranking
Prioritizing Projects Must Do – Should Do - Postpone
MoSCoW Must do Should do Could do Won’t do ABC 123
Prioritizing Projects Scoring Model: Criteria Weighting
Prioritizing Projects Weighted criteria scores for all 10 projects.
Project #7 Project #4 Project #1 Project #5 Project #8 Project #2 Project #3 Project #10 Project #6 Project #9 340.4 320.6 300.2 270.0 265.8 226.4 200.0 198.2 178.8 172.6
Staff projects in the order listed until no additional projects can be staffed
Prioritizing Projects Scoring Model: Paired Comparisons
Prioritizing Projects Scoring Model: Risk Analysis
Fund Consider Don’t fund
Selecting a Balanced Portfolio SELECT – Graham-Englund Model – Agile Version
Issue #2: How will active project teams be protected?
Issue #1: How will new versus active projects be prioritized together?
Selecting a Balanced Portfolio A Final Check for Balance in the Portfolio
Planning for Implementation An Implementation Plan Template
Bibliography
Just published!
648 89 Customizable PPT Slides Discussion Questions & Answers Case Study Exercises
32
Robert K. Wysocki 5th Edition John Wiley & Sons 792 pages $43.59 (Amazon) ISBN 0-470-42367-7 Available 4/27/2009
Thanks for the opportunity!!!
Robert K. Wysocki, Ph.D. Enterprise Information Insights [email protected]
doc_724911604.pdf
In general, agility is defined as "the ability of a [system] to rapidly respond to change by adapting its initial stable configuration".
Agile Project Portfolio Management
A Resource Constrained Approach
PMI Southern Caribbean Chapter 5th Biennial International Project Management Conference September 15-16, 2009
Robert K. Wysocki, Ph.D. Enterprise Information Insights
Introduction to the Contemporary Project Landscape To build an Agile PPM Process you need to know … How to define the portfolio strategy How to propose projects to the portfolio How to prioritize proposed projects How to choose which projects to support How to define portfolio performance metrics How to establish a balanced portfolio How to monitor portfolio performance How to maximize expected business value
Introduction to the Contemporary Project Landscape What is your organization’s project environment? THE PROBLEM Projects are of high complexity and uncertainty Project failure rates are too high Client scope change requests are out of control There are too many inter-project scheduling conflicts There are too many 11th hour staffing changes There are too many poor staffing assignments Availability is too often treated as a skill The acceptance of a project into the portfolio does not consider resource availability
Introduction to the Contemporary Project Landscape What is your organization’s project environment? THE SOLUTION Establish an agile process for managing a resource constrained project portfolio. Working in partnership with you this workshop will prepare you to design an agile process tailored to your needs.
Introduction to the Contemporary Project Landscape Any of these projects can populate the portfolio
SOLUTION
Clear Not Clear
Not Clear
MPx xPM TPM APM
GOAL
Clear
Introduction to the Contemporary Project Landscape PMLC models mapped onto the Project Landscape SOLUTION
Clear Not Clear
Not Clear
Extreme
GOAL
Clear
Linear Iterative Incremental
Adaptive
Introduction to the Contemporary Project Landscape SDLCs map directly into this Project Landscape
TPM
SOLUTION
Clear Not Clear
Linear
Standard Waterfall Rapid Development Waterfall
Incremental
Staged Delivery Waterfall
APM
Not Clear
MPx xPM
Extreme Extreme
Iterative
Evolutionary Development Waterfall Feature-Driven Development
GOAL
Clear
Adaptive
APF ASD Scrum RUP DSDM
TPM APM
Linear Iterative Incremental Adaptive
xPM & MPx
Extreme
INSPIRE
Introduction to the Contemporary Project Landscape PPM & PMLC Model Integrated at the Phase Level
PROJECT
PORTFOLIO
The Project Life Cycle 8 stages of the project life cycle Proposed Aligned Prioritized Selected Active Postponed Canceled Completed
An Agile Project Portfolio Management Life Cycle What is Agile Project Portfolio Management? Agile Project Portfolio Management includes:
Establishing the investment strategy of the portfolio Evaluating and prioritizing proposed projects Constructing a balanced portfolio that will achieve the investment objectives Monitoring the performance of the portfolio Periodically adjusting the contents of the portfolio to maintain alignment to the investment objectives
NOTE: Agile applies to the portfolio not the project type. The portfolio can contain projects of all types.
An Agile Project Portfolio Management Life Cycle Agile PPM Life Cycle Template
Establishing a Portfolio Strategy What is a portfolio strategy? A portfolio strategy includes: Defining categories or types of projects that will be supported You may decide to have multiple portfolios Allocating resources to each portfolio and each category within a portfolio based on the importance of the category to the business
Establishing a Portfolio Strategy Strategic Alignment Model
Establishing a Portfolio Strategy Project Distribution Matrix
Establishing a Portfolio Strategy Risk vs Business Value – A Hybrid Model
Prioritizing Projects How to Prioritize Proposed Projects
Nonnumeric
Forced Ranking Must Do – Should Do - Postpone
Numeric
Criteria Weighting Paired Comparison Risk Analysis
Prioritizing Projects Forced Ranking
Prioritizing Projects Must Do – Should Do - Postpone
MoSCoW Must do Should do Could do Won’t do ABC 123
Prioritizing Projects Scoring Model: Criteria Weighting
Prioritizing Projects Weighted criteria scores for all 10 projects.
Project #7 Project #4 Project #1 Project #5 Project #8 Project #2 Project #3 Project #10 Project #6 Project #9 340.4 320.6 300.2 270.0 265.8 226.4 200.0 198.2 178.8 172.6
Staff projects in the order listed until no additional projects can be staffed
Prioritizing Projects Scoring Model: Paired Comparisons
Prioritizing Projects Scoring Model: Risk Analysis
Fund Consider Don’t fund
Selecting a Balanced Portfolio SELECT – Graham-Englund Model – Agile Version
Issue #2: How will active project teams be protected?
Issue #1: How will new versus active projects be prioritized together?
Selecting a Balanced Portfolio A Final Check for Balance in the Portfolio
Planning for Implementation An Implementation Plan Template
Bibliography
Just published!
648 89 Customizable PPT Slides Discussion Questions & Answers Case Study Exercises
32
Robert K. Wysocki 5th Edition John Wiley & Sons 792 pages $43.59 (Amazon) ISBN 0-470-42367-7 Available 4/27/2009
Thanks for the opportunity!!!
Robert K. Wysocki, Ph.D. Enterprise Information Insights [email protected]
doc_724911604.pdf