Project portfolio management is the difference between organisational success and stagnation. When resources are limited, prioritising talent to deliver maximum value is essential.
Frequent communication, collaboration, and negotiating between leaders towards a common purpose is vital. The common purpose could be increasing market share, improving customer experience or developing innovative products. Relastic expectations should be agreed across the entire organisation. Pushing too hard often means the truth is hidden, more mistakes are swept under the carpet and staff become demotivated.
All stakeholders have to genuinely be included to ensure risks are seen early and opportunities can be leveraged. It is impossible to do if there is too much of a divide between leadership and workforce. Leaders need a good balance of IQ and EQ; the hard skills to analyse data and the soft skills to motivate and inspire teams.
An expert partner can bring an objective, outside-in perspective to help prioritise resources and align leaders around a common goal. They have the experience of working with leading organisations to build collaboration, uncover hidden risks and encourage a culture of transparency. This, in turn, delivers an engaged workforce, satisfied customers and sustainable business growth.
Project portfolio management requires a dedication to communication, collaboration and finding the optimum balance of skills within an organisation. With the support of a partner that understands how to unite leaders around a shared purpose, an organisation can achieve delivery excellence and drive value from every project.