How can you develop other project portfolio managers?

??Developing other project portfolio managers is pivotal for organizational growth. Here’s a blueprint for nurturing talent: ??Mentorship - Provide ongoing mentorship, sharing insights, experiences, and best practices. ??Training programs - Invest in comprehensive training programs that cover both strategic and operational aspects of portfolio management. ??Cross-functional exposure - Encourage exposure to different projects and business units to build a well-rounded perspective. ??Feedback and evaluation - Offer regular feedback, focusing on areas of improvement and celebrating achievements. ??Leadership opportunities - Create opportunities for aspiring managers to lead smaller projects or initiatives, fostering leadership skills.

?? In my experience, while vision is pivotal, operationalizing it necessitates strategic tools. ?? Alignment Tools Utilize tools like balanced scorecards or roadmaps. These facilitate alignment of projects with strategy, ensuring resources align with high-priority tasks. ?? Continuous Learning Encourage PPMs to attend webinars, certifications, and industry conferences. Knowledge update ensures alignment with evolving strategic directions. ?? Feedback Mechanism Institute a system where PPMs receive regular feedback. This iterative process aids in refining strategies, ensuring better alignment over time. ?? It's crucial to operationalize visions using strategic tools, continual learning, and feedback to achieve alignment and success.

As an expert in PPM, I'd add that a shared vision motivates and provides a roadmap for PPMs. It helps set clear expectations, align individual goals with organizational objectives, and ensure everyone is working towards the same end. Furthermore, it fosters a sense of ownership and accountability among PPMs, enhancing overall project outcomes.

Elevate PPMs by providing invaluable feedback and guidance. Leverage your expertise to offer insights on project selection, prioritization, and alignment. Guide PPMs in mastering monitoring, evaluation, and optimization techniques. Through constructive feedback, address skill gaps and challenges, nurturing their growth as effective portfolio managers. As a global leader in Project Portfolio Management, I advocate for mentorship and support to cultivate a proficient and empowered PPM community, driving strategic alignment and maximizing portfolio value.

Developing other project portfolio managers effectively involves fostering a collaborative learning environment. From my experience, promoting knowledge sharing and peer mentoring significantly enhances collective expertise. Encouraging PPMs to exchange best practices and lessons learned builds a robust support network that enhances problem-solving capabilities across projects. This team-centric approach not only improves individual manager skills but also strengthens the overall strategic execution of portfolios.

In my experience as a PPM, fostering a culture of collaboration and continuous learning is crucial for the development of other PPMs. I've seen firsthand how sharing knowledge and best practices can significantly improve the overall performance of the team. Peer-to-peer mentoring and networking not only enhance skills but also build strong relationships, which are essential for successful project portfolio management.

Delegating tasks is vital, but involving the team in various project management facets, such as risk analysis, fosters deeper engagement. Beyond immediate duties, understanding risks and the project's scope helps grasp its context. This holistic view equips them with a stronger sense of purpose, aiding decisions, collaboration, and innovation aligned with goals. Moreover, this involvement cultivates a culture of learning and growth, as team members gain insights into project intricacies and broaden their expertise. This approach not only improves project comprehension but also deepens the connection between the team and broader business objectives, resulting in highly motivated and empowered team members.

Recognizing and rewarding achievements is a powerful way to motivate and develop other Project Portfolio Managers (PPMs). In my experience, a simple acknowledgment can boost morale and productivity. Additionally, providing opportunities for professional development not only enhances their skills but also fosters a culture of continuous learning. This approach has helped me build a team of competent and motivated PPMs.

"It's important to invest time in understanding the big picture of any work, so PPMs are able to ask relevant questions and add value to the discussions. It's important to build a network and connections with other portfolio PPMs, which goes a long way in managing dependencies and bringing the right people to the discussions. Most importantly, understand the unique value you bring to the table to lead the portfolios/programs."