Darryl Pendergrass

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The Portfolio Effect

At the personal or organizational level, we all realize multiple demands for our time. We often process these multiple demands independently but collectively many of these demands are organized and prioritized using a portfolio. Within the organization, project managers typically focus on a limited number of projects. However, the organizational portfolio contains all projects ranked by a variety of inputs, desired outputs, and strategic objectives.

The effective project manager addresses assigned projects while keeping a big picture view and understanding the organizational portfolio. The organizational portfolio presents risks to an individual project by through explicit or implicit constraints, such as resources and money. As a result, I recommend reviewing, understanding, and considering the effect of the applicable portfolio to your project. The more you understand about the portfolio and the risks the portfolio contributes to your project, the better prepared you are to plan, schedule, and manage your project.

Permanent link to this article: http://darrylpendergrass.com/Blog/the-portfolio-effect/

Introduction

My project management experience lies within product software development and information technology. In product development, I developed test software for military systems. In the information technology space, I develop applications that support an enterprise project system system delivering services and capabilities to project managers around the globe. The applications require integration at the system level to provide seamless delivery of capabilities to the user community.

While a software developer for most of my career, my interests span the entire life-cycle of software develop – concept to retirement. As a dedicated, life-long, learner, I spend countless hours reading and learning to better understand the concepts and apply to successful delivery of services to clients.

I also enjoy sharing information with others. First, to learn from the experiences of other professionals and second, to share my experience for the benefit of others. I will use this forum expressively to achieve those purposes.

Permanent link to this article: http://darrylpendergrass.com/Blog/introduction/