Managing with a Project Portfolio

Portfolios make choices clear because they help leaders restrict which work the project staff starts and finishes. If you use project portfolios, you have the maximum flexibility as a manager. But if you’ve never seen a portfolio or you’ve never used one, you might be concerned, as one of my colleagues explained: “But, JR, if I commit to a project portfolio, I won’t have the flexibility I need to manage what my group does when. I can’t be responsive to the needs of the organization. I won’t be a team player.”

A portfolio can help you be responsive, especially when project teams work feature by feature in short time periods. When you manage the portfolio, you limit the number of active projects. The fewer number ...

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