Project/Program Portfolio Management provides the organizations that comprise NJEDge.Net with an invaluable tool to ensure that strategy and resource investments are well aligned while mitigating risk to successful outcomes.
Montclair, NJ. (PRWEB) April 26, 2016
PMO Advisory has consistently been the leader in developing and continuously improving its consulting offerings and training courses through research and thought leadership. The firm dedicates its resources addressing the challenges of business execution – getting the right things done in the right way. A number of recent studies have demonstrated a poor state of strategy implementation, with a corresponding failure rate as high as 90%. While dismal, the silver lining is that there are practices that work, and using portfolio management as the bridge to link strategy with execution has proven to increase organizational and project performance.
Dr. Edward Chapel, Senior Vice President of NJEDge, and Prof. Te Wu of PMO Advisory, are jointly presenting at the upcoming Project Management Institute’s New Jersey Chapter (PMI-NJ) at their annual symposium to highlight ways in which organizations can improve alignment between strategy and execution, through the practice of portfolio management. The presentation will present a number of recent studies, combined with real case studies from financial services to higher education. The goal of the presentation is to offer a better methodology to align projects and programs with strategic goals and objectives. “Project/Program Portfolio Management provides the organizations that comprise NJEDge.Net with an invaluable tool to ensure that strategy and resource investments are well aligned while mitigating risk to successful outcomes,” stated Dr. Edward Chapel, Senior Vice President of NJEDge.
“Even though portfolio management has existed since the dawn of Strategy as a School of Management in the early 1960’s, it is only recently that organizations have started to apply this discipline. In response to this growing momentum, the Project Management Institute (PMI) established a new Portfolio Management Professional (PfMP®) credential in 2014 to highlight its importance,” says Prof. Te Wu, CEO and Founder of PMO Advisory, himself certified in PfMP. “Since resources are precious and scarce, successful organizations embrace portfolio management to prioritize and select optimal investment choices.”
PMO Advisory maintains its leadership in project portfolio management through training, publishing, consulting, research, and volunteering. The firm, a PMI Global R.E.P., started offering Portfolio Management training in the same month (May 2014) that PMI released the exam results of the early adopters. Prof. Wu’s book, The Sensible Guide to Passing the PfMP Exam, is the best seller and the highest rated of its kind on Amazon.com. The firm has helped many organizations, including Global 500 companies, build PMOs with portfolio management processes. It also has one of the largest LinkedIn Groups for portfolio management, which is used as a platform to engage practitioners and thought leaders for research and collaboration. Perhaps most importantly, PMO Advisory CEO, Prof. Te Wu, is an active volunteer with PMI and other professional institutes. He is currently a core committee member responsible for creating the next edition of The Standard for Portfolio Management for PMI Global.
About Project Management Institute (PMI)
PMI is the world’s largest project management member association, representing more than 600,000 practitioners in more than 185 countries. As a global thought leader and knowledge resource, PMI advances the profession through its global standards and credentials, collaborative chapters and virtual communities and academic research. When organizations invest in project management, supported by PMI, executives have confidence that their important initiatives will deliver expected results, greater business value and competitive advantage. Visit us at http://www.PMI.org, http://www.facebook.com/PMInstitute, and on Twitter @PMInstitute.
About Project Management Institute’s New Jersey Chapter (PMI-NJ)
PMI-NJ is the second largest PMI chapter in the world with over 4,700 members. The theme of the May 2016 symposium, the 30th annual symposium, is “Be Strategic: Revive your Project Portfolio Management Skills”. PMI-NJ is devoted to building professionalism and excellence in Project Managers. The all-volunteer managed chapter activities include: Panel Discussions, Lecture Meetings, Networking, PMP Test Preparation Classes, and Symposiums. For more information, visit http://www.pminj.org
NJEDge.Net is a non-profit technology consortium of academic and research institutions in New Jersey. Through its deployment of advanced Internet technologies and digital communication, NJEDge.Net supports its members in their institutional teaching and learning; scholarship; research and development; outreach programs; public service, and economic development. In providing a broadband statewide network, NJEDge.Net creates an environment for inter-operability to facilitate productive use of technology across the academic enterprise. NJEDge.Net introduces emerging technologies and state-of-the-art networking to its partners in academia, government and industry for inter-institutional collaboration, scholarship and research. For more information, visit http://www.njedge.net
About PMO Advisory
PMO Advisory is a socially minded management advisory and training firm with expertise in business and IT execution, serving as a resource to help enable ideas for organizations. PMO Advisory helps transform business ideas, plans, objectives and vision into reality using a proven, customizable consulting approach. The firm’s advisory team is expert in portfolio, program and project leadership, process improvement, and business transformation. As a training company, the firm is striving to be the most comprehensive project management training firm in the world offering certification training in Portfolio (PfMP®), Program (PgMP®), Project (PMP®, CAPM®, PRINCE2®, and MSP®), Risk (PMI-RMP®), Agile (PMI-ACP®, SCRUM®), Service Management (ITIL® Series), and Project Management Office (PMO) training. For more information, visit PMO Advisory on the web at http://www.pmoadvisory.com
PMI, PfMP, PgMP, PMP, CAPM, PMI-RMP, PMI-ACP, and PMI-SP are registered marks of the Project Management Institute Inc. ITIL, MSP, and PRINCE2 are registered marks of AXELOS Ltd.