Friday 1 July 2016

THE PROJECT PORTFOLIOMATRIX


How to maintain an overview. 
Are you juggling several projects simultaneously? Then you are a slasher (/) the term was coined by the New York author  Marci Alboher and describes a growing number of people who cannot give a single answer to the question ‘and what do you do for a living’. 
Suppose you are teacher, musician and web design all the variety may be appealing but how can you balance all these projects and how do you ensure a regular income. 
To get an overview you classify your car projects both work related and private with the help of project porfolio matrix according to the cost and time (see model). Think of cost not only in terms of money but also in terms of resources such as friends involved energy and psychological stress. 
Cost and time I just two examples you can use whatever promises are relevant to your situation. For example the X axis. Could be how much project is helping me achieve my overriding objective. And the Y axis how much I am learning from this project. Now position your projects in the matrix in relation to the 2 axes. Objectives of change and who amount learned.

  1. Reject projects if there is nothing you can learn from them and if they do not correspond. To your overriding vision.
  2. Projects that you can learn from but do not correspond to your vision I interesting but will not help you achieve your objective try to change the project so it serves your vision.
  3. If a project corresponds to your vision, but you a learning nothing new, look for somebody else to do it for you.
  4. If you're learning something and achieving your vision you have hit the jackpot.                                                                                                                                                                                    The greatest danger of most of us is not our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo

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