Project Portfolio Management Experts
Thinktank Consulting is one of the very few companies that specialize in the field of project portfolio management consulting. We have spearheaded more than thirty
initiatives around the world.
Interestingly enough right at the very beginning of such endeavors, when I get a chance to chat with the senior executives of companies, I frequently hear the following complaint from them:
“My department heads have always been telling me that we need more people to accomplish all of our projects. I have a bit of an issue with that stance since I don’t know whether (1) they are lying to me and I just have to continue pressuring them to be more efficient and creative, or (2) they are telling the truth and I have to:
- Provide them with additional resources or
- Cut some projects
In addition if I decide to cut some projects, how do I know which projects should be “killed”? And to complicate things even more, if I provide them with additional resources, how do I convince a Board of Directors that increase in the headcount is a worthwhile investment?”
I respond to this inquiry by explaining to them that they have - probably unknowingly - ventured into the field of project portfolio management. There is a two-fold answer to their question. First they have to be able to measure and defend the value of their projects. Second, assuming their resource pool is fixed, they have to be ready and able to cut some of the proposed projects based on the value measurements. Or, if their resource pool is variable, they will have enough proof to appeal to the Board of Directors and be able to convince them that an additional investment is justified.
I encourage you to watch a video of my presentation on project portfolio management at the Vancouver Board of Trade to learn more about this topic.
In addition to listening to the clip, please browse through the rest of the “Project Portfolio Management Consulting” section of our website and take a look at the project portfolio management implementation and customized project portfolio management training pages.
Also, explore the following project portfolio management related case studies to learn more about our experiences from around the world:
Also, do not hesitate contacting me at firstname.lastname@example.org if you have any questions about our services.