Glenn Whitfield asks “IT Project or Business Project?”

I hope everyone out there is reading Glenn Whitfield’s great blog IT Business Alignment (IT2B).  I’ll wait for you while you jump over and check out Glenn’s website. Back?  good. Glenn wrote a piece titled “IT Project or Business Project?” that really blew me away with it’s simple approach to leading projects by first asking … Read more

UTD Project Management Symposium 2009

Mark your calendars! The 3rd annual University of Texas at Dallas Project Management Symposium is taking place August 13 & 14.  Call for papers is open until Feb 6 2009. I just submitted a paper to be considered for this years symposium…keeping my fingers crossed that it gets accepted.  I was luck to get a … Read more

Clarizen – A great Project Management tool via SaaS

I had the pleasure of watching a demo of Clarizen today.  Well…watching isn’t right…I was watching as Gil Heiman, Director of Community at Clarizen, walked me through the tool. I really liked what I saw. Clarizen’s strength comes with the collaboration tools it provides to make it easy for project team members to work together, … Read more

Project Selection using Decision Support & Optimization Techniques

This post is an excerpt (with slight modifications) of a recent paper titled “Project Selection using Decision Support Optimization Tools.” If you’d like to read the full paper, click here for the PDF version of Project Selection using Decision Support Optimization Tools.  The full version of the paper has full details of the LINGO model used for decision support and project selection optimization.

During good times and bad, selecting the proper projects to undertake is an extremely important activity for organizations.  Selecting the right projects  (or wrong ones) can be the difference between success and failure for most organizations.  The process of selecting projects and managing the project portfolio, formally called Project Portfolio Management, can help organizations get a grasp on their projects and the risk & benefits associated with those projects [1].

Project Portfolio management and selection has become an important part of most organization’s project management activities. By managing their project portfolio’s correctly, organizations can gather information about all projects, prioritize those projects and manage the selected projects throughout the project lifecycle.

The remainder of this paper provides an overview on project selection and describes a prototype system that can be used to optimize the selection of projects.  The project selection prototype uses optimization techniques to select the optimal number of projects based on given criteria.

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Sunday Links – Nov 23 2008

A new feature here on the blog…Sunday links. Look for 5 to 10 interesting links every Sunday. The Four Dharmas of Project Management by Bas de Baar – Project Shrink The Jester Speaks the Truth by Jamie Notter – Get Me Jamie Notter Love your Customers. Use Social Media – Fresh Networks Blog Bucking the … Read more

After the UTD Project Management Symposium

As mentioned here and here, I presented a paper titled “Project Management and the Stockholm Syndrome” at the 2nd Annual University of Texas at Dallas (UTD) Project Management Symposium yesterday (Monday August 18). The presentation was well attended and it looked like people were actually interested…at least they didn’t leave 🙂  If I had the … Read more