by Dr. Te Wu | Apr 9, 2019 | Management, Portfolio Management, Program Management, Project Management, Risk Management
What is the Fuzzy Front End? The Chinese have an old proverb, “a thousand-kilometer journey starts with the first step.” But what is the first step? How do you know it’s in the right direction? What are the prerequisites that must be dealt with? What if the...
by PMO Advisory | Mar 21, 2019 | Portfolio Management, Program Management, Project Management
According to recent research conducted by the Construction Industry Institute based on 609 projects totaling $37 billion, improving decision making in the project planning (or Fuzzy Front End) phase results in: Project cost reduced by 10% Delivery time shortened by 7%...
by PMO Advisory | Jun 18, 2018 | Management, Portfolio Management
Patrick Tickle, Chief Product Officer at Planview, wrote an interesting article (Three Ways Manufacturers Can Accelerate Their Product Strategy.) that discusses product innovation and the role of project management saying, ““Organizations that are edging past their...
by PMO Advisory | May 25, 2018 | Management, Portfolio Management, Program Management, Project Management
What is the Difference Between Project, Program and Portfolio Management? I often get this question – what’s the difference between project, program, and portfolio – the triple P’s in PPP management. So here is the short answer. Portfolio management concentrates on...
by PMO Advisory | Jan 31, 2018 | Portfolio Management
Great quick read at CNN titled, “Four million parts, 30 countries: How an Airbus A380 comes together”. The Airbus A380 is the world’s largest passenger plane and can sit over 500 people. It is double deck and what’s amazing about this article, which I didn’t realize,...
by Dr. Te Wu | Nov 1, 2016 | PfMP, PMO, Portfolio Management, Program Management, Project Management, Risk Management
Without continual growth and progress, such words as improvement, achievement, and success have no meaning. ~ Benjamin Franklin Introduction Project success rates continue to be weak. According to the latest PMI report, for every US$1 billion invested in...
