Often, we act like ostriches with our heads buried deep in sand and rear end high up facing the moon. Nothing good can come of this mind set - not to mention the posture. A discussion on Project Portfolio Management (PPM) or rationalization invariably turns to IT - of course with the gratuitous financial references and terms thrown in to gain credibility.
Unfortunately, IT Project Portfolio Management (PPM) as it is practiced today is fundamentally flawed and does not follow the financial industry model on which it is based.
Now, that I have your attention, it would be good to get to the point! This presentation is about Project Portfolio Management (PPM) but from a different function - Research and Development (R&D).
Why should you care about Project Portfolio Management (PPM) in R&D? Because the process followed and the frameworks used are applicable to IT - a lot of them are indeed being followed in IT. To study PPM in a context other than in IT will provide insight into what it is that we are doing right and, well, not so right! Why is the R&D context important? Because it is dealing directly with market factors on a tangible product that takes time to manufacture. This process is more similar to IT than the financial analysis we are inundated with.
This presentation provides an excellent primer/overview/introduction to Project Portfolio Management (PPM) - the process and frameworks used to get the biggest bang for your buck!