Wednesday, October 30, 2019

Challenges to Portfolio Management

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In the previous post, I touched up cultural influence being on challenge to Project Portfolio Management. There are other challenges too. Some of them can be listed as:
  • Internal Politics and Culture
  • Appropriate Sponsorship and Guidance
  • Project Management Maturity
  • Management Commitment
  • Appropriate education
  • Pet Projects
  • Pace of Adoption
  • Financial Investment
  • Human Nature  
Bottom line is that though Project Portfolio Management adaption brings it's benefits, any change in the existing practices brings on resistance from all sides.   

References:
(1). https://www.keyedin.com/article/identifying-the-internal-challenges-and-barriers-to-project-portfolio-management-adoption/
(2). https://www.coras.com/resources/4-portfolio-management-challenges-and-how-to-solve-them
(3). https://blog.synergysbs.com/the-major-challenges-of-enterprise-project-portfolio-management/

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