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...ision making in [http://en.wikipedia.org/wiki/Project_portfolio_management Project Portfolio Management]. The chart is much similar to the regular xy-[http://
...plistic as the bubble chart can add real support to the decision making in Project Portfolio Management?
16 KB (2,684 words) - 11:35, 20 December 2018
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...l, since the survival of an organization is highly correlated with correct project
Resource allocation and project portfolio selection are focal decisions in public administration and indust
28 KB (4,072 words) - 12:48, 20 December 2018
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... within the time and cost agreed, and to the extent expected by them. Lean Project Management (LPM) seeks precisely that goal.
... made in the controlling and monitoring step as it affects the rest of the project process and it is the most crucial step from a Lean perspective. For this r
26 KB (4,088 words) - 12:07, 20 December 2018
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...nisation. To manage effectively new and pending projects in the portfolio, prioritization is essential in terms of executing first the projects that will benefit mor
...here are many examples in literature, where QFD is applied in construction project management for identifying customer requirements during the design phase. M
26 KB (3,905 words) - 12:36, 20 December 2018
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...or internal factors. If an unexpected event turns out to be harmful to the project it is in general terms considered to be a risk.
...d a problem be very likely to happen, but have little or no impact on the project there is little reason in prioritizing the mitigation of the problem. For a
20 KB (3,201 words) - 11:27, 20 December 2018
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...nge management is applied to, integrated with project portfolio and impact project portfolio success has been scarce.
...ce of the positive impact of applied organizational change management into Project management, Program management and Portfolio management.
16 KB (2,434 words) - 11:10, 20 December 2018
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...eholders behavior. The stakeholder analysis is a dynamic process through a project, as stakeholders are changing character, new are acceding and old are leavi
...tain the networks to stakeholders, which are required for the success of a project.
17 KB (2,564 words) - 12:02, 20 December 2018
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...comes to project management, such as Traditional Project Management, Agile Project Management, Critical Path method and Event Chain Methodology. Some of them
...nagement due to its nature, it became the main recent approach utilized in project management; especially in the big software industry, where the fact that it
18 KB (2,825 words) - 11:15, 20 December 2018
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...es, and D. Dvir. "A Critical Look At Critical Chain Project Management.” Project Management Journal 34.4 (2004): 24-32. '' </ref>]]
...parison between traditional project management planning and Critical Chain Project Management is shown in figure 1.
16 KB (2,526 words) - 12:04, 20 December 2018
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...ts of people or materials, etc. <ref name= Taylor> Taylor, Harvey | 2010 | Project Management | (4th Edition) </ref>
...ect the quality of the project, such as the understanding of requirements, prioritization of conflicting requirements or reasonableness of requirements. While ''unce
16 KB (2,443 words) - 16:58, 16 November 2018
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* [[Project Prioritization in Portfolio Management using Quality Function Deployment]]
* [[Risk management in project portfolios]]
3 KB (355 words) - 12:05, 30 August 2015
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...f> . The main principles of risk handing and best profit can be applied in project management.
...ing. Application of methods of financial portfolio optimization can help a project manager to evaluate projects taking in consideration the interaction and in
29 KB (4,388 words) - 15:22, 18 December 2018
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Startups focused on Product Development, which have a relatively wide product/project portfolio, need to deal with scarce resources allocation. This issue is not
...ect portfolio'''. This article is intended to give a general framework for Project Portfolio Management (PPM) definition, distinctively for SME (Small-Medium
21 KB (3,127 words) - 15:01, 18 December 2018
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...the meantime, a unique product development process and organization of the project teams has developed, which is also called as the LEGO model. Moreover, the
...portfolio management approach is a significant tool to support the project prioritization and early key decisions. Within this process the manufacturability will be
22 KB (3,430 words) - 15:15, 18 December 2018
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...dology helps to gain knowledge in how business processes are developed. In project management, this philosophy may help to conduct business processes into mor
...ends characteristics of both methodologies, from the 7 waste tool for Lean project management to the Define-Measure-Analyse-Improve-Control(DMAIC) system from
23 KB (3,568 words) - 15:21, 18 December 2018
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...he causes of the problems during the project will not reoccur later in the project or future projects
...d risks, as the international risk regulation <ref name="Dr David Hillson">Project Risk Management,Future Developments by Dr David Hillson(2011)</ref> had alr
20 KB (3,030 words) - 15:26, 18 December 2018
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...<ref name=CB1>''Internal Novo Nordisk SOP 049797 about Global procedure of project execution, 5. edition'' effective from 29 Juli 2013</ref> ]]
...<ref name=CB1>''Internal Novo Nordisk SOP 049797 about Global procedure of project execution, 5. edition'' effective from 29 Juli 2013</ref>
20 KB (3,144 words) - 15:48, 18 December 2018
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...es, and D. Dvir. "A Critical Look At Critical Chain Project Management.” Project Management Journal 34.4 (2004): 24-32. '' </ref>]]
...parison between traditional project management planning and Critical Chain Project Management is shown in figure 1.
16 KB (2,522 words) - 14:10, 27 November 2018
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'''Management of risk''' involves identification, assessment, and prioritization of risks. Coordinated and economical application of resources to minimize,
...vely managed within the organization as a whole or within a specific area, project or activity. Those who need to evaluate an organization's effectiveness in
21 KB (3,034 words) - 15:12, 18 December 2018
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|[[Recovery Project Management]]
|[[Project Management tool: Gantt Chart ]]
9 KB (1,149 words) - 16:23, 1 September 2017
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...P, is one of many multi-criteria decision making tool. It can be used both project, program and portfolio management as many decisions has to be made. AHP is
...ding the same framework for every decision made. This also goes for larger project organizations, where the tools can be used as a way of directing all the de
17 KB (2,637 words) - 12:45, 18 December 2018
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...ions, the cost competitiveness will decrease. Product rationalization is a project that is initiated when the product portfolio has become too complex. Throug
... how to ensure that benefits are captured. The progress and success of the project are managed with KPIs.
33 KB (4,703 words) - 12:44, 18 December 2018
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... and managing projects. The focus is on the project schedule and to reduce project changes and cost overruns by taking into account resource allocations and t
...d durations of activities. The method can assist organizations to maximise project performances, which can lead to increased profit.
41 KB (6,367 words) - 17:31, 19 February 2023
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...older satisfaction is a main factor in a project success. Therefore, for a project manager is vital to have the satisfaction of the different stakeholders und
Stakeholder satisfaction is impacted by multiple factors during a project and it can be hard to directly manage it. However, it can be improved by un
29 KB (4,375 words) - 14:04, 18 December 2018
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...ls for any decision in Project Portfolio Management, so as to optimize the project portfolio in terms of expected return for the different values (e.g. money,
A project portfolio is optimized by evaluating a multi-objective ranking based on (1)
26 KB (4,014 words) - 14:12, 18 December 2018
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... <ref> A Guide to the Project Management Body of Knowledge, Fifth edition, Project Management Institute </ref>
Traditionally, in order to manage a project, the sequential methods were largely used. According to these models, all t
28 KB (4,298 words) - 14:07, 18 December 2018
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... of the different parameters of the project such as the added value of the project when selecting which projects to run. Hence, the Risk-Reward Bubble Diagram
...ants, are now formed within the graph determining the desirability of each project. Projects in the quadrant yielding high value and high ease of completion a
22 KB (3,483 words) - 14:09, 18 December 2018
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...available capacity (man hours, budget) and project diversity (at least one project in every category). The decision variables will be which projects to initia
...propose scoring models as a good tool for evaluating portfolio components (Project proposals). The method is a MCDA. Each component is evaluated by a number o
20 KB (3,072 words) - 12:45, 18 December 2018
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...ess are related to the balance of the portfolio, the cyclic evaluation and prioritization as well as to the tactical resource allocation.<ref name="rui" />
...ed as a connecting element between qualitative strategy definition and the project-based implementation. The IPM is seperated into a strategic and operational
38 KB (5,626 words) - 14:08, 18 December 2018
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...gested that a process manager should be assigned to any given construction project, and whom would have a vital role for its success.
...y is the main concept in Lean Construction which connects the construction project to production ideas. A discussion of the wording behind “TFV” have occu
22 KB (3,441 words) - 14:08, 18 December 2018
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In project management, there exists a tight connection between results and resources o
Is critical to have a planned approach in RA to manage a project portfolio effectively. Being able to allocate
18 KB (2,690 words) - 12:47, 18 December 2018
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...ment need to identify what types of risk may influence particular stage of project. Furthermore, the management have to analyze and prioritize risks in terms
...ource of risks or risk treatments based on its probability and impact on a project. <ref name="ISO10"> [''Risk Management - Risk assessment techniques''] ''Da
19 KB (2,943 words) - 12:36, 18 December 2018
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...nagement to making decision, especially to display balance in new product project portfolios.
...ently focusing on the triple constraint (scope, time, cost) of the single project separate from other projects. <ref name="coo1" />
19 KB (3,038 words) - 18:41, 19 September 2016
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...nagement to making decision, especially to display balance in new product project portfolios.
...traint in a traditional project management: scope , time, cost additional project <ref name="picc" /> ]]
23 KB (3,608 words) - 13:07, 18 December 2018
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...ccessful in a large number of actors. Its main difference from traditional Project Management techniques is that excess multitasking is avoided and focus is s
...’s third book, named “Critical Chain” (1997), it was introduced into Project Management.<ref>http://www.wseas.us/e-library/conferences/2011/Barcelona/ME
21 KB (3,370 words) - 12:56, 18 December 2018
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...phase), then describe the relationships with the other stakeholders of the project and then finish with some advice to avoid most common pitfalls.
...allel but are different from each other, it is important to know both what project sponsorship is and what it is not (this will be discussed later in the sect
16 KB (2,561 words) - 17:00, 16 November 2018
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After the impact assessment and prioritization, a helpful tool to driving good performance is to set specific, measurable
...their environmental footprint on 100 percent of their key projects and non-project facilities
21 KB (2,950 words) - 13:40, 19 November 2018
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...'Figure 1'': Generative design illustrated with a bike frame from Autodesk Project Dreamcatcher. <ref name="Dreamcathcer"> Autodesk (2017). https://autodeskre
...d The Bartlett Faculty of the Built Environment at UCL and Association for Project Management 1, 21–24. </ref>. McKinsey&Company has in a great report recen
24 KB (3,639 words) - 19:21, 20 November 2018
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...e effective management of that work to meet strategic business objectives. Project Portfolio Management is defined as a dynamic decision process, which consta
... program and portfolio management information-seekers students or advanced project practitioners.
3 KB (375 words) - 21:32, 20 November 2018
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...students with the literature review, and their aim is to contribute to the Project Management holistic field of science. If you discover any potential copyrig
...o-called ''gates'', which represent go/kill/recycle/hold decisions for the project. The concept was introduced by R.G. Cooper in his book 'Winning At New Prod
30 KB (4,297 words) - 09:27, 17 May 2019
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...to the agile manifesto as well as the 12 principles. Agile methodology in project management focuses on incremental and continuous improvements. Flexibility
...ithin agile is scrum. Scrum is a rigid way of organizing the management of project, programs, and portfolios, while still allowing for great flexibility in th
13 KB (1,984 words) - 13:58, 9 November 2018
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...rograms or portfolios. A general overview of scenarios development and the Project program and Portfolio Management context will be presented in order to iden
===Project Program and Portfolio Management===
25 KB (3,832 words) - 13:02, 23 November 2018
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...relevant applications of this method as forecasting, issue identification, prioritization or concept and framework development that makes it unique and a very powerf
...Applications.” Technometrics 18(3):363. Retrieved (http://www.millennium-project.org/FRMv3_0/04-Delphi.pdf) </ref>.
22 KB (3,111 words) - 15:01, 16 November 2018
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... be mentioned, whereas one is an alternative method for assessing a change project’s chance of success, where the other one is a risk evaluation tool.
...are called hard factors because they can influence the outcome of a change project greatly. This includes their abilities to be measured directly or indirectl
27 KB (4,250 words) - 18:46, 17 November 2018
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... is critical for project success to identify the stakeholders early in the project or phase and to analyze their levels of interest, their individual expectat
...eholders need to be categorized based on the interest and influence on the project, and how to successfully manage the expectations of different types of stak
23 KB (3,490 words) - 13:53, 9 November 2018
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..."a"> [https://www.agilebusiness.org/content/introduction-0] The DSDM Agile Project Framework (2014 Onwards)</ref>
...e well-known problems that project managers have to address in any kind of project like ineffective communication, late delivery, unmet need through the desir
25 KB (4,007 words) - 18:43, 17 November 2018
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...ization as proper management increases the likelihood for the success of a project <ref name=" Winch " />. Risk management involves identifying possible risks
... the ''Level of Risk'' can be determined. There are various aspects of the project that can be affected by a risk event, such as cost, safety, operation, qual
30 KB (4,345 words) - 14:57, 16 November 2018
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... achievement of organizational objectives. Project governance provides the project managers and sponsors with a framework on how to make decisions to satisfy
...he project management body of knowledge (PMBOK guide). Newtown Square, Pa: Project Management Institute. </ref>
26 KB (3,691 words) - 17:19, 16 November 2018
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...rly 1990s, especially for IT projects, mainly because of the fast-changing project environment. In the manifesto of agile software development, the following
...pplication. In addition, a comparison between the traditional "old-school" project management approach and APM scrum is executed and the benefits as well as l
20 KB (3,150 words) - 17:06, 16 November 2018
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...Cost", (2015). </ref>. Money and time are the two biggest constraints in a project: it is thus a necessity to keep meetings efficient and effective.
...he lifecycle of a project, different types of meetings can take place. The project manager, with the possible help of a facilitator, must understand the diffe
25 KB (3,922 words) - 17:42, 16 November 2018
