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CIO Decisions Ezine: Vol. 8 - The Portfolio Approach

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Project & Portfolio Management Calculator: What Are Your Savings?

Project and portfolio management (PPM) software allows decision-makers to more effectively manage and monitor old and emerging projects. PPM is a critical, ongoing task for IT organizations to guide the investment decision-making process.

This PPM calculator allows you to quickly gauge the potential financial benefits of your projects by assessing several factors, including annual number of projects and number of project managers. Adjust the sliders on this tool to get a snapshot view of your potential annual savings.

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    In spirit, both traditional and agile project delivery embody similar principles and practices that aim to deliver measurable results. Traditional project delivery can be described as a “waterfall” approach, which presumes that the requirements, expectations, duration, activities and outcomes of projects can be predicted accurately and planned in a sequence before any actual development activity takes place. As a result, in actual practice, the following factors generally are significant limitations of traditional project delivery:Clients typically have difficulty in articulating all project requirements at the front end.The ultimate goal is to produce a comprehensive requirements document for sign-off by the users/customers before development can occur.According to Sanjiv Augustine, agile project delivery “is a way of managing projects to deliver customer value via adaptive planning, rapid feedback, continuous improvement and intense human interaction and collaboration” (16). Delivering “customer value” is a key aspect of agile project delivery. Agile project management is conducted through the collaboration of a small, co-located team that usually consists of the customer/end user, a project manager, a business analyst (or the role of business analysis) and specialist(s). Specialists could include system developers, subject matter experts, IT architect and/or the sole person with specific knowledge or expertise who understands how all the project pieces fit togethe

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