Measure Value
As a leader in the organization, you care about the number of projects successfully completed per unit time.[10] Projects that don’t successfully complete lead to emergency projects, which reduces your management effectiveness and your ability to provide value to the organization, as in Figure 4, A dynamic view of what happens when no one manages the project portfolio. When teams take a long time to complete projects, you don’t enough flexibility to change what’s going on in the organization—to actually manage the project portfolio.
Be careful when measuring project completion time. It is just a surrogate measurement for what you really want to measure—a continuous value stream. A project is what you decide it is. Remember, ...
Get Manage Your Project Portfolio now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
