In a post on innovation, IT Business Edge's Ann All advocates the project portfolio management approach of Colin Ashurt, senior teaching fellow at Durham Business School.
Ashurt, in a column on silicon.com, says every IT project should fit into one of four categories:
Yet, according to Murphy's law, projects can and will go awry, which reinforces the need for good governance.
If after careful review, however, your project needs a cash infusion, check out the document supplied to the Knowledge Network by Info-TechResearch Group entitled, "A Solid Case for Contingency Funds." This research note explains how to request such a fund and how to manage it so that time, money and effort will not be wasted as you deal with unforeseen circumstances and unexpected costs.
There's a wealth of resources on project management in the Knowledge Network. Check out these samples: