Having established the portfolio of projects with a robust annual portfolio planning effort, how do executives make sure they spend their time wisely and effectively, only on projects that need their focus? In many organizations, executives find themselves pulled into projects on a daily basis and end up spending a lot of time on basic issues and decisions that really should have or could have been resolved without them. 

This is the third installment in our series on Project and Portfolio Management.

As organizations invest increasingly more money & resources into projects, making sure that you have the right projects, managed efficiently, reviewed regularly, and delivering what they promise is the essence of good Portfolio Planning & Management (PPM). Here are some of the key features of a robust and effective PPM process.

Our PMO Framework features four project phases:
1. Concept
2. Initiation
3. Delivery
4. Close.

Our first blog in the series helps you make sure you are tackling all the critical activities required during the Concept phase. 

Successful projects begin with proper planning.

What are your planning best practices to ensure a successful outcome?

Project going off course? Here are five tips for keeping your projects on target.

How do you stay on track?

Project Manager Magazine  considers a project failed if it overspends by 25%, or execution takes 50% longer. According to them, 65% of global projects over $1B, and 35% projects under $500M, fail.