3 Ways To Improve Organizational Productivity With Portfolio Management
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Productivity gains are key to the bottom line profits of your department and organization because they allow you to accomplish more with less. The purpose of this webinar is to discuss the 3 vital elements that can help you and your organization increase its productivity gains by: • Cascading Activity Alignment • Optimizing Resource Utilization • Increasing throughput and value creation To learn more: http://developingaculturethatworks.com/
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3 Ways To Improve Organizational Productivity With Portfolio Management
- 1. Principles of Execution 3 Ways to Improve Organizational Productivity with Portfolio Management
- 2. What Kills Productivity? Lack of Trust - Responsibility With Authority Processes Over People Unnecessary Meetings No Purpose or Real Vision Passive Aggressive Behavior Towards Change
- 3. The BCG Surveyed American and European Companies Found over a 15 year span: 50 to 350 % increase in the need for managements approval before taking action 40% of managers time is report writing 30 to 60% of managers time is spent coordinating meeting http://www.fastcompany.com/1837301/5-ways-process- killing-your-productivity
- 4. Gerald’s Background Gerald Leonard is currently the President & CEO of Principles of Execution, a Strategic Project Portfolio Management and IT Governance consulting firm based in the Metro Washington, DC area. 19 years as an IT Project Management consultant and earned the PMP, MCSE, MCTS, CQIA, ITILv3 and COBIT 4.1 Certifications Acquired certifications in PM and BI from the University of California, Berkeley, as well as an Executive Leadership Certification from Cornell University. Where can you learn more?
- 6. What is Portfolio Management? Portfolio Management is a capability that enables organizations to analyze, select and manage a collection of project investments that are aligned with your company’s goals and objectives within a data driven decision making framework. Portfolio Management also coordinates the acceptance, approval, postponement, rejection or cancelation of a project which will not realize the proposed benefits or the corporation’s strategic outcomes. The Corpus Callosum of the Organization
- 7. What is productivity and how do you measure it? Productivity gains are vital to the economy because they allow us to accomplish more with less. Investopedia explains Productivity
- 9. What is cascading alignment? Mission • Strategies Strategies • Objectives Objectives • Goals Goals • Actions
- 10. Hoshin Kanri
- 11. Portfolios, Programs and Projects
- 12. Cascading Alignment in Practice
- 15. Resource Utilization Questions Are we allocating scarce resources in the most effective way? Can we staff current and proposed projects in the portfolio? Do we limit the active projects due to resources or source alternative resources? Do we have visibility to resource capacity issues and conflicts before they negatively impact project execution? http://deloitte.wsj.com/cfo/files/2013/05/deloitte_Valu e_From_Project_Portfolio_Management.pdf
- 17. Resource Management Value Model TM Resource Inventory Resource Fit Prioritize Resource Allocation Resource Optimization • Roles • Skills • Capability • Competence • Constraints • Capacity • Balance • Recalibration
- 20. HP/DLA Program (Program Controller Role)
- 21. 5 Step TOC Process To Increase Throughput 1. Identify the process or resource constraint(s). 2. Decide how to exploit the constraint(s). 3. Subordinate everything else to the above decision(s). 4. Elevate the impact of exploiting the constraint(s). 5. If the constraint has been broken or has move to another step in the process or resource, go back to step 1
- 23. Portfolio Management Training Click here to learn more.
- 24. Principles of Execution, LLC Gerald J. Leonard PMP, MCTS, CQIA, ITIL, COBIT President/CEO Gerald@Principlesofexecution.com http://www.principlesofexecution.com Building the foundation for effective execution to increase your organization’s productivity!