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Episode 149: Project Portfolio Management Explained

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This episode is sponsored by:
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Episode 149: Project Portfolio Management ExplainedThe PMBOK®  Guide defines Project Portfolio Management as "The centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work, to achieve specific strategic business objectives." As always with definitions from the PMBOK®  Guide, they are straightforward, dry, to the point and they give you a good idea what the term is all about. But they are usually also lacking in regards to telling you much about how Project Portfolio Management is performed out in the world.

But that's where The PM Podcast comes into play. We bring you the real life experience and explanations about Project Portfolio Management with one of the big names in Portfolio Management: Terry Doerscher from www.planview.com.

Terry recently published "Taming Change with Portfolio Management", a book that he wrote together with Pat Durbin. I have taken this book release as an opportunity to bring Terry on the show to look into the basics of Project Portfolio Management. You'll hear his definition, the 4 core portfolio management information structures, how portfolio management enhances the value we deliver to our organizations and more.

Win a copy of Terry's book: Go to our Facebook Fan Page at www.facebook.com/pmpodcast find the announcement of this book giveaway and simply add a quick comment (Deadline to participate extended to July 21 2010).

Here are the winners of our PDU Podcast giveaway. The PDU Podcast is our sister podcast which helps PMP® and PgMP® credential holders earn at least 1 PDU every month. All you have to do is to watch the video webinars and you have just earned a PDU. You can find it at www.pducast.com. And the winners are

  • Premium Listener: Keith Hopkins from Fullerton right here in California
  • Free listener: Ilias Biris from Espoo in Finland

Congrats to both of you

Oh... and just in case you are now completely confused about the difference between The PDU Insider and The PDU Podcast... The PDU Insider is a newsletter in which I give you inside tips about earning PDUs. And The PDU Podcast is a videocast where you can watch webinars and earn PDUs.

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Episode 148.4: Risk Management - Critical Success Factor for your Project - Part 4

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This episode is sponsored by:
The PDU Podcast

Part 4. This episode of The PM Podcast is a 4-part webinar presented by Andreas Heilwagen on the topic of risk management.

Each part of this webinar is looking at risk management critical success factors. Andreas says that the effective management of project risk is a critical success factor, and I can see why. We look at a definition of Risk Management, present the value that it offers to your projects, go through the processes offered by The PMBOK® Guide, take a look at the free risk management templates [Update: the template website is no longer available, so we removed the link] offered by Andreas and the look into the success factors that will make your internal risk management approach a winning activity.

Agile project risk management isn't something we go deep into specifically, but risk management is a universal concept. You will be able to take the ideas here and apply them to your agile team environment, if you are using agile methods.

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Episode 148.3: Risk Management - Critical Success Factor for your Project - Part 3

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This episode is sponsored by:
The PDU Podcast

Part 3. This episode of The PM Podcast is a 4-part webinar presented by Andreas Heilwagen on the topic of risk management.

The previous two parts have looked at risk management critical success factors and how we can use these to better manage the project, leading (hopefully) to a more successful outcome.

He stipulates that it is a critical success factor for your project success. We look at a definition of Risk Management, present the value that it offers to your projects, go through the processes offered by The PMBOK® Guide, take a look at the free risk management templates [Update: the template website is no longer available, so we removed the link] offered by Andreas and the look into the success factors that will make your internal risk management approach a winning activity.

Remember, risk management in agile projects draws on the same principles and processes. As with all project management processes, you can tailor them to best fit your environment.

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Episode 148.2: Risk Management - Critical Success Factor for your Project - Part 2

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This episode is sponsored by:
The PDU Podcast

Part 2. This episode of The PM Podcast is a 4-part webinar presented by Andreas Heilwagen on the topic of Risk Management. In Part 1 we looked at risk management critical success factors and we're continuing that topic today.

He stipulates that it is a critical success factor for your project success. We look at a definition of risk management, present the value that it offers to your projects, go through the processes offered by The PMBOK® Guide, take a look at the free risk management templates [Update: the template website is no longer available, so we removed the link] offered by Andreas and the look into the success factors that will make your internal risk management approach a winning activity.

Risk management strategies for agile projects might feel a little different from what is being discussed here, but you'll still be able to apply the principles of risk management to your work, whatever kind of delivery environment you work in.

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Episode 148.1: Risk Management - Critical Success Factor for your Project - Part 1

Click to download the video:

This episode is sponsored by:
The PDU Podcast

Part 1. This episode of The PM Podcast is a 4-part webinar presented by Andreas Heilwagen on the topic of risk management. He stipulates that it is a critical success factor for your project success. We look at a definition of Risk Management, present the value that it offers to your projects, go through the processes offered by The PMBOK® Guide, take a look at the free risk management templates [Update: the template website is no longer available, so we removed the link] offered by Andreas and the look into the success factors that will make your internal risk management approach a winning activity.

Whether you are working in a predictive environment, a hybrid project delivery environment, or considering risk management in agile projects, you'll find tips and tricks to learn from and implement in this webinar.

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