IT project portfolios are diverse - technologies, platforms, methods, resources and more! Ensuring that project priorities align with business strategies and resource demand requires project intelligence and better estimation capabilities. Join Keith Ciocco and Laura Zuber for this webinar on Thursday, Oct. 22 at 2:00 PM EDT to learn how to leverage centralized data about scope, capacity, cost, staffing and quality to explore estimate solutions that overcome common PMO challenges of shrinking budgets and scarce resources. See how tailored access and process workflow increase visibility and provide the tools for effective project prioritization, review and governance.

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The most effective project portfolio planning brings IT managers and business leaders together to prioritize, scope and staff initiatives as a single team with common goals. In doing so, the process fosters better working relationships — and provides a roadmap for delivering value to the organization. In this article for Projects at Work, Larry Putnam, Jr. outlines best practices on how to determine the maximum capabilities that can be delivered within the confines of budgets, resources, and time. 

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A common misperception is that an estimator’s job is done after a software project’s parameters are set. On the contrary, software estimation should be conducted throughout the project lifecycle to reflect inevitable changes and to improve estimates on other projects. In this article, originally published in Projects at Work, Larry Putnam Jr. identifies three ways to maximize estimating efforts — before, during and after your project is complete.

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QSM's recent webinar, From Proposal to Project: Getting Resource Demand Early, presented by Andy Berner and Keith Ciocco, featured a thoughtful Q&A session from our audience. Here are the highlights:

Q: Which PPM products does SLIM work with right now?

A: We're working with customers to see what products they're interested in. It's adaptable to multiple PPM systems and we'd like your input on which ones we should deliver for you early. We can work with you so you can build a customized input to your own system. So the framework is very general and is released as part of the SLIM product. We will be providing adapters to common PPM systems and that's what we would like to learn from our design partners - which ones to deliver first. (Note: if you are a SLIM customer or prospect, you can request to join our design group by emailing Keith Ciocco).

Q: You showed SLIM-WebServices. Does that come with the desktop tool? Do you use them separately or together?

Since I work for a software metrics and estimation company, many people ask me questions regarding capacity planning and demand management. Most of the project managers that I speak with are using project portfolio management tools for very detailed, task-level resource capacity planning. They spend a lot of time planning the person hours for each task and then these task-level plans are prioritized and viewed across the organization. These are useful tools and methods and they usually require a sizable investment.

The problem is that many of these project managers don’t have a good way to support demand management. That is to say that they aren’t able to accurately estimate the key drivers that go into their PPM tools.  They need to be able to answer key questions like: Should we commit to 6 months or 9 for the project duration? Do we need 10 software developers or 20 to finish in 9 months? How much is the overall project going to cost? What alternatives do we have? Has anyone ever achieved that duration in the past? Should we even go forward with this project; what is the risk?

Oftentimes the project manager comes up with this information informally based on experience. Unfortunately, when they don’t use a scientific approach to estimating, they leave out key factors that affect the estimate and project success, like project complexity, team efficiency, and overall project uncertainty.