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SAPM_Mastering the Project Portfolio (MPP) (2-Proj & Org. Strategies…
SAPM_Mastering the Project Portfolio (MPP)
Mng. Fair
Political
Process
Fair Process =
Stakeholder involvement
Give Feedback
Engagement/Explanation/Expectation clarity
Justice
Distributive Outcome
Procedural Process
Retribution Reaction
Conflict
resolution
CEO
Peer 2 Peer
Tradeoffs (Legislative)
Ultimate goal alignment
Participatory fair process
Right Resource & Projects:
Capacity & Demand
Capacity Plan must consider Demand estimate variations according to maturity of estimates
Proj. Risk Mng.
& Fundamentals
Distribution
Spread
Measure of
Uncertanty
Standard
Deviation
Average
Multiple averages
have multiple risks
Stocastic =
Dealing with Uncertanty
Simulate
Diversification lowers risk
Mng. Innovation as
part of Portfolio Strategy
NPV vs ROI
Value and Value vs. Effort
Estimates have large risks in the begining
Aggregate Project Management Planning
Categorize projects by
Support
Derivative
Platform
Breakthroughs
Assess Projects complexity by
Amount of PRODUCT change
Amount of PROCESS change
Amount of change perceived by customer
1.Understanding of Strategy & Project Requirements
Allocation Priorities
Ex: 10% Suport 40% Derivatives 40% Platforms 10% Breakthroughs
Compare projects within categories, not across
Investing &
Uncertanty
Estimating Uncertanty
Range vs. #
NBB Case
Closing energy consumption loop
5x less water consumption per barrel
LCA=Lifecycle
Assessment
ISO 14040 Principle & Framework
ISO 14044 Requirements & Guidelines
Determine Goal & Scope of LCA
Analyse PPD Impact = Product; Process & Distribution
Optimize Portfolio
3 Project Portfolio Objectives
Minimize Risk to keep Balance
Alignment to Strategy
Maximize Value
1st Optimize & Balance Resources
2nd Re-Align Projects
3rd Value of Portfolio (ROI/NPV)
MPP Summary
Managing for Sustainability
1-Intro MPP
Systhesis domain of Strategic Execution Framework (SEF)
Prioritize Resource Allocation
Manage Uncertainties
Choosing what Projects to do and which not...
2-Proj & Org. Strategies
Scoring Anchors = Criteria metric scores
Classify per Enhancement, New Prod, Process Improvements
Weigh the importance of Criteria
Split budget % per domain to let detail on domain owner (R&D / Maintenance / CIO)
Validate strategy Criteria with Board
Verify and Add criteria of Unwritten Strategies (Risk Profile..)
The Environment & Portfolio
PMT
Group
Sponsor
Leader
Officer
Tools
Human Capital Mng
Proj. Selec./Prioritization
Org. Competitive Analisys
Proj./Prog Planning
Optimization
Governance Foundations