Project Prioritisation Master Class with Stuart Easton of Transparent Choice
Jan 6, 2021
auto_awesome
Renowned portfolio management thought leader Stuart Easton delivers a masterclass on portfolio/project prioritisation. The session discusses the fundamentals of effective prioritisation, key business and cultural factors for prioritisation success, and different methods of project prioritisation. It also explores the importance of strategic alignment, resource allocation, and project lifecycle stages in prioritisation.
Effective prioritization can significantly improve project success rates.
Strategic alignment is crucial but difficult to achieve.
Proper prioritization helps identify and eliminate waste and allocate resources effectively.
Deep dives
The Importance of Prioritization
Prioritization is more than just a budgeting process. It is about delivering value, enabling business goals, and ensuring successful projects.
Strategic Alignment as a Challenge
Strategic alignment is crucial but difficult to achieve. It involves aligning project activities with the overall strategy of the organization.
The Impact of Prioritization on Project Success
Effective prioritization can significantly improve project success rates. Prioritizing projects based on strategic alignment leads to higher success rates.
Identifying Waste and Under-Resourced Projects
About 20% of projects in organizations are considered waste, while 50% are under-resourced. Proper prioritization helps identify and eliminate waste and allocate resources effectively.
Using Analytic Hierarchy Process for Prioritization
The Analytic Hierarchy Process (AHP) is a recommended method for prioritization. It involves pairwise comparisons of criteria to determine their importance and calculate value for money.
This week, in the penultimate episode of the series, we hear from renowned portfolio management thought leader Stuart Easton.
Stuart is the CEO of Transparent Choice and joined us at the PMO Leadership Symposium to deliver a masterclass on portfolio/project prioritisation.
The session talked about some of the fundamentals of effective prioritisation, as well as some of the key business and cultural factors for prioritisation success. We had some great audience questions in the session too.
The session was captured on video so if you would like to watch a version with the visuals, head over to our YouTube channel