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Project Manager : Project Manager Apr May 2013
Are we running too many or too few high-risk projects in parallel? • Size of investment: is relates to the proportion of overall investment required by the project compared to others, and compared to the overall spend. • Appetite for change: Assuming each project imposes some degree of change on the day-to- day operations of the organisation, how much change can the organisation realistically accept and adapt to within a given period of time? Portfolios that are not balanced generally result in contention, competing priorities, 'squeakiest wheel syndrome' and, eventually, ine ective use of the resources the organisation does have. A balanced portfolio that is managed well will optimise resource utilisation, resulting in an organisation that has an improved delivery capability and capacity. A well-balanced portfolio will also allow a speci ed amount of 'over-demand'. Just as airlines may overbook ights in the expectation some passengers won't arrive in time, project portfolios must plan to expect and allow for some projects to be delayed, cancelled or capital underspent. is does not mean alignment to strategy is not important. In fact, projects that do not align with strategy can severely impact the future success of an organisation. ere can be a big di erence between achieving return on investment through revenue growth versus cost reduction. For example, there is little use in pursuing a project that provides a return but doubles the size of the operations team if an organisational strategy is cost reduction. So, alignment to strategy is a factor in our decision on whether or not the three- legged, semicircular network storage o ering forms part of our portfolio of projects, along with considerations of the value it o ers and the degree to which it supports a balanced portfolio. ••• A BALANCED PORTFOLIO THAT IS WELL MANAGED WILL OPTIMISE RESOURCE UTILISATION, RESULTING IN AN ORGANISATION THAT HAS IMPROVED DELIVERY CAPABILITY AND CAPACITY www.aipm.com.au Project Manager 37
Project Manager Feb Mar 2013
Project Manager June July 2013