Bubble Diagram
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| − | + | A Bubble Diagram or bubble chart is a 2 dimensional chart where bubbles representing for example projects are portrayed. | |
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The horizontal axis often represents NPV, net present value/the size of the rewards of the project. | The horizontal axis often represents NPV, net present value/the size of the rewards of the project. | ||
The vertical axis represents the chance of success. The interesting part is the actual bubbles that can vary in several ways. | The vertical axis represents the chance of success. The interesting part is the actual bubbles that can vary in several ways. | ||
| − | Typically the size of the bubble will represent the | + | Typically the size of the bubble will represent the resources needed in order to complete the this project. |
| + | The bubble can in the same time also vary in color which represents a strategic goals, or department etc. | ||
| + | This combined gives the user the opportunity to observe 4 dimensional problem in 2 dimensions. This feature is what makes the bubble diagram different from many other tools as it provides much data in a very simple manner | ||
| − | + | =Abstract= | |
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=What is and How to cope with ineffective portfolio management?= | =What is and How to cope with ineffective portfolio management?= | ||
PM is to align strategy with the crating of new products or projects | PM is to align strategy with the crating of new products or projects | ||
| − | Larger companies often experience a gap between corporate strategy and the actual | + | Larger companies often experience a gap between corporate strategy and the actual performance |
=What is a bubble diagram?= | =What is a bubble diagram?= | ||
A bubble diagram is a 2x2 matrix often with chance of success on one axis and the reward on the other. The size of the bubble then represent the resource cost. | A bubble diagram is a 2x2 matrix often with chance of success on one axis and the reward on the other. The size of the bubble then represent the resource cost. | ||
Revision as of 17:59, 16 November 2014
A Bubble Diagram or bubble chart is a 2 dimensional chart where bubbles representing for example projects are portrayed. The horizontal axis often represents NPV, net present value/the size of the rewards of the project. The vertical axis represents the chance of success. The interesting part is the actual bubbles that can vary in several ways. Typically the size of the bubble will represent the resources needed in order to complete the this project. The bubble can in the same time also vary in color which represents a strategic goals, or department etc. This combined gives the user the opportunity to observe 4 dimensional problem in 2 dimensions. This feature is what makes the bubble diagram different from many other tools as it provides much data in a very simple manner
Contents |
Abstract
What is and How to cope with ineffective portfolio management?
PM is to align strategy with the crating of new products or projects Larger companies often experience a gap between corporate strategy and the actual performance
What is a bubble diagram?
A bubble diagram is a 2x2 matrix often with chance of success on one axis and the reward on the other. The size of the bubble then represent the resource cost.
history
What is the abundance of it?
Used by 41 % only 8 % use it as their dominant tool. It should maybe not stand alone as it is Supporting tool and cannot by itself alignment strategy.
Developments and implementation!
The important step in this phase is to figure how this should be used. The upstream processes needs to be in order so the necessary numbers are available for as a source for the diagram
The use of bubble diagram in the organisation
What are the benefits?
…to come
What are the pitfalls?
…to come
Discussion and comparison to alternatives
The bubble diagram is just one of the options that a company can use. The scoring models seem more popular as it takes several more aspects into account. However the bubble diagram gives a nice and visual representation that cannot be found anywhere else
Conclusion
Is it too hyped? Is the benefit worth the time used for this?
