Meridith Levinson writes that IT departments are scrapping projects in response to tightening budgets and the ever-deteriorating economy. But this is no time to cut back on project management or portfolio management, experts say.
"High project failure means you're wasting money, and there's even less tolerance for that in a down economy," says Margo Visitacion, a vice president with Forrester Research who covers project portfolio management and quality assurance.
Portfolio management can help you zero in on the projects that are most worth their effort and scant budget dollars, while project management can help you execute those projects most efficiently, IT managers and project management experts say.
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Why Project and Portfolio Management Matter More at Recession Time - CIO.com - Business Technology Leadership
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