8.1 Maintaining the Project Pipeline

Question 1

What is the Pipeline?

Answer 1

The portfolio of projects currently in implementation

Question 2

What is a Project Management Information System (PMIS)?

Answer 2

Collects all the relevant data about projects that are being considered, implemented, or completed.

Question 3

What is Maintaining the Pipeline?

Answer 3

Monitoring, evaluating, and controlling the portfolio of projects

Question 4

Who is the owner of the PMIS?

Answer 4

the PMO

Question 5

Name 2 software that are used as PIMS

Answer 5

1- MS Project

2- Oracle

Question 6

What is project ranking?

Answer 6

Discussing a range of tools for ranking projects so that decisions can be made about their survival or otherwise.

Question 7

Name 3 ways to assess the value of the portfolio

Answer 7

• Net Present Value
• Productivity Index based on NPV
• Balanced Scorecard

Question 8

Name 3 ways to assess the balance of projects

Answer 8

• Risk-Reward Bubble Diagrams
• Bubble Diagrams that capture Newness
• Resource Breakdown Charts

Question 9

What is the 5 step process for maintaining the pipeline (MR. PPE)

Answer 9

1) Maintain a list of all current projects in a project database.
2) Report the status of all projects through a central project-reporting system.
3) Priorities and select projects through a transparent system maintained centrally.
4) Plan and assign resources on all projects centrally.
5) Evaluate the business benefits of all projects post completion.

Question 10

How do the requirements of managing a project portfolio differ from managing a single project?

Answer 10

We need to use the following:

• PMIS
• PMO
• PMMM