There are some best practices around project and portfolio management (PPM) that every IT organization -- from well-established enterprise to fledgling startup -- should observe. But the increasing IT emphasis on strategic innovation and digitization means that organizations with effective project management strategies can no longer simply sit on their laurels. It's vital that IT organizations, and the CIOs overseeing them, take a fresh look at project and portfolio management, ensuring that fresh priorities bubble to the top and receive adequate resources, while past-their-prime initiatives are put out to pasture.
In this CIO guide to project management strategies and portfolios turned upside down by digitization, learn how modern IT organizations are pushing forward with the latest technologies in order to quantify the value of technology, clean up their project pipelines, transform business processes and, especially in the case of startups, get great ideas off the ground.
This Essential Guide on managing information security is part of the CIO Briefings series, which is designed to give IT leaders strategic management and decision-making advice on timely topics.
1Establish the basics-
Project management best practices
Project and portfolio management starts with knowing what your IT organization -- and really, your business as a whole -- needs to get out of its technology investments. With the help of these SearchCIO pieces, determine how CIOs can place a value on the work of IT, find out where executives are focusing IT efforts in 2015, learn how to prioritize projects in the IT pipeline, and consult our collection of free templates around the Web to aid in PPM efforts.
Project management in practice
In these videos, established enterprises and startup companies alike share their strategies for prioritizing technology projects and investments to grow the organization.
At the 2014 MIT Sloan CIO Symposium, SearchCIO's Associate Site Editor Emily McLaughlin asked Kristin Darby, newly appointed CIO at Cancer Treatment Centers of America, how she prioritizes all the demands of a CIO.
SearchCIO recently caught up with Hopper's Chief Data Scientist Patrick Surry to inquire about the big data technology that fuels Hopper's business model.
In this Startup Spotlight video, PayPal COO David Chang talks to Features Writer Kristen Lee about how a new incubation program -- Start Tank -- benefits startups and benefits PayPal as well.
3Support business needs-
Transformative project management strategies
In the era of digitization, project and portfolio management is a lot more than organizing and examining a slate of IT initiatives and sorting out what gets completed when. With a strategic approach, PPM can transform the business and create new revenue opportunities and reinvent organizational structures. In the following pieces, learn how to manage projects and priorities in order to refresh business processes, achieve business agility and support digital initiatives coming down the pipe.
How do you make business transformation happen? A CIO at a nationwide voluntary health organization tells us how he turned a well-researched PowerPoint into a bona fide IT and business strategy. Continue Reading
Aligning technology with business strategies has long been on the CIO radar, but a shift is happening: Now, business strategies are often contingent on technology trends. Continue Reading
Is your organization inclined to go agile? Our SearchCIO readers respond to our recent coverage with their own takes on the pros and cons of agility in IT. Continue Reading
Project management terms to know
To assess project success, CIOs need to know the lingo. Below are some terms that will help you gauge whether your projects are meeting your company's objectives.
5Managing a startup-
How to get your small business off the ground
Enterprises are wrangling with their own line-up of PPM hang-ups, but startups and other small businesses face unique challenges not only in managing projects and portfolios, but also in getting myriad business problems right: securing financing, acing investor pitches and selecting the technologies that will propel the organization forward, rather than weigh it down. These columns and case studies reveal how smaller companies are tackling strategic management challenges.
Startups face a range of challenges, from finding office space to keeping employees happy during the lean early days. Here's how PayPal is helping out. Continue Reading
There are avenues for funding your startup today that have never been available before -- some that might even allow you to access capital without ceding potential revenues or ownership of the business. Continue Reading
IT project management essentials for growing a business
PPM is an essential piece of prioritization that lies at the core of all areas of IT, including business transformation, startup success and enterprise innovation. Ignore PPM at your peril: doing so might put your organization in a position to fall short of its business goals. Review some of our recent coverage and take our quiz to test your knowledge of project management essentials.What's your PPM IQ?