Why Cost is the Wrong Question for Evaluating Projects in Your Project Portfolio

I read Sayonara Sony: How Industrial, MBA-Style Leadership Killed a Once Great Company, and was struck by how the company appeared to make decisions—what will make us the most money now? If you make your project portfolio decisions based on money, estimated cost, you too will have Sony’s problems. This is why cost is the …

Gold, Silver, Bronze Comparison for the Project Portfolio Requires Collaboration

When I was in Brazil teaching the project portfolio workshop, one of the participants explained that his organization sometimes did a form of gold/silver/bronze comparison among the projects. Here’s how it works. Everyone wrote their project names on stickies. The first cut is everyone self-assigns their projects to Gold, Silver, Bronze categories. That’s right, everyone …