In todays fast-paced and ever-changing business environment, project managers are constantly faced with the challenge of delivering successful projects on time and within budget. How Lean Portfolio Management Sparks Business Innovation . One approach that is gaining popularity among project managers is Lean Portfolio Management.
Lean Portfolio Management is a set of principles and practices that help organisations align their project portfolios with their strategic goals, maximise value delivery, and minimise waste. By embracing Lean Portfolio Management, project managers can ensure that their projects are focused on delivering the most value to the organisation and its customers.
Essential for project managers, Lean Portfolio Management provides a framework for prioritising projects based on their strategic importance, resource availability, and potential for value delivery. By using Lean Portfolio Management, project managers can ensure that their projects are aligned with the organisations overall strategy and are contributing to its success.
In addition, Lean Portfolio Management helps project managers to identify and eliminate waste in their project portfolios. By eliminating unnecessary projects and focusing on those that will deliver the most value, project managers can maximise their resources and increase the likelihood of project success.
Overall, embracing Lean Portfolio Management is essential for project managers who want to deliver successful projects that are aligned with their organisations strategic goals and deliver maximum value. By adopting this approach, project managers can improve their project management practices and increase their chances of project success.