How to Optimize Project Portfolio Management

November 23rd, 2020

Competition and market forces are challenging organizations more than ever. This makes the imperative to optimize return on investment vital to success. To keep pace, organizations need to ensure they invest in a mix of projects that delivers the highest value. They must implement solutions and strategies that allow them to quickly evaluate all ideas, […]


Projects and the Power Industry: The Next Normal

November 17th, 2020

In recent years, the Power Utilities industry has been characterized by change and increasing opportunity. To keep pace, organizations have funneled more investment into capital and operations and maintenance (O&M) projects. In emerging markets, the Power Utilities industry has been experiencing strong demand for several years. Power generators and transmission and distribution companies have done […]


Project Data Integration Maturity Breeds Success

November 13th, 2020

Project data integration and project performance management have been likely bedfellows for many years. I have been involved in many system implementations as a user, implementor and consultant in the past 20 years and the only one I can clearly remember failing was the one where integration was kept to minimum. The need for an […]


Work Breakdown Structure (WBS): Elements, Formats, Best Practices

July 13th, 2020

Ask most experienced project managers and they will vouch for the benefits of using a work breakdown structure. Like many other powerful tools that create a strong impact, the best thing about a work breakdown structure is its simplicity. In this article, we take a look at what a work breakdown structure is, how it […]


What is Contract Lifecycle Management (CLM)?

April 3rd, 2020

Most companies, regardless of their size, outsource a significant part of their operations. Yet, contract lifecycle management remains as one of the under-invested disciplines amounting to less than 1% of total spending. Unfortunately, the impact of poor contract governance is huge. For starters, the quantitative impact is estimated at 9% of annual revenues. Additionally, there […]


Essential Project KPIs and the Financial Returns that Love Them

March 18th, 2020

Essential Project KPIs

Project KPIs, or Key Performance Indicators, are measurable values that help you evaluate project performance. When executing a project, it is important to develop meaningful KPIs that help ensure projects are delivering intended benefits. This traditionally meant staying within budget and on schedule. But in today’s complex and competitive landscape, KPIs also need to ensure […]