Not only do you need to do the projects right, you must do the right projects. You must: 1 – Define portfolio risk limits, and 2 – Define a risk management structure with timeline, processes and references to guidelines, risk…
Steps to Building Operations Portfolio Management Capability
SPOT for Operations Portfolio Management (OPM) SPOT is a 4-step approach to govern and manage organization’s Operations Portfolio Management. SPOT serves as the critical link between executive vision and the execution work. By providing a standard approach for Strategizing, Prioritizing,…
5 Key Rules for OPM in an Innovation Environment
Adapted Prioritization New technologies emerge to meet various business changing requirements. The Portfolio management must evolve along with technology and business process. The execution plans can be re-prioritized and changed as per demands of situations. The management must have the…
Strategic Operations Portfolio Decisions vs. Operational Portfolio Decisions
Seeing Beyond the Data: Strategic Operations Portfolio Decisions vs. Operational Portfolio Decisions In his article on Smartorg.com, Don Creswell makes the distinction as follows: (emphasis added) The prevalent distinction in most business settings is between strategic and operational or tactical…
What You Must Have For Successful Innovation
Successful innovation requires successful operations portfolio management. This is from a comprehensive article on the intersection of innovation and operations portfolio management. (See link for article below) “OPM can become a beast, an unwieldy mound of data apparently impossible to…