Tag Archives: governance

Four Recommendations for Effective Program Governance

This article discusses good design of program governance, tailored to the special case of strategic initiatives. It identifies three common mistakes, and then four recommendations. The recommendations are: 1) People respect what you inspect, 2) Allow for mistakes, 3) You want to selectively impose policy, and 4) Design so that the organization is concentrating on the decisive aspects of the strategy. The article concludes with few remarks on striking a balance between conflicting needs such as strategy and risk management.
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Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , | Leave a comment

Four Things Strategic Initiative Leaders Need to Know About Requirements

Requirements capture and management is critical to the success of a strategic initiative. Leaders need to know: 1. It is some of the hardest work, 2. Requirements are a concept that is distinct from solution design, 3. Capturing requirements requires structure, 4. Integrate requirements into program governance. Continue reading

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , | 6 Comments

Eight Distinctions between Portfolio Management & Program Management

This article clarifies the differences between program management, portfolio management, and program management along 8 dimensions: purpose, temporal nature, aggregation, strategic alignment, success criteria, risk, decisions, & competencies. Greg Githens explains four implications for leaders of strategic initiatives: meaning of strategic alignment, number of strategic initiatives in the portfolio, strategic initiatives as programs, and immature standards. The leader applies strategic thinking to do that. Continue reading

Posted in Program & Portfolio Management, Strategic Planning Issues for Strategic Initiatives | Tagged , , , , , , , , , , , , , , , , , , | 12 Comments