Dr. Te Wu, CEO and Founder of PMO Advisory LLC, a leader in corporate Project Management training, is delivering a presentation on how Portfolio Management bridges execution and strategy for successful companies. This presentation will be at the PMI China Congress in Shanghai on September 24, 2017
Successful companies are those that excel at execution – implementing the right initiatives in the right way. Even companies that successfully execute a mediocre strategy will outperform companies that fail to execute great strategies. As portfolio management gains momentum, it is becoming clear that it is a part of the core engine of achieving execution excellence. Execution can only be as good as selecting the right projects in the first place and the total team effort of working towards achieving the goals. On September 24, 2017 at PMI China 2017 Symposium in Shanghai, Dr. Te Wu, founder and CEO of PMO Advisory, a leading Project Management training firm in the U.S. is going to share his insights on how to effectively link strategy with execution by using portfolio management.
Portfolios can exist at all levels of human constructs, from micro at a department or functional level to the mega such as the One Belt One Road, a global initiative led by China connecting the former Silk Road via land and sea and integrating over 60 countries with a combined GDP of over $21 trillion dollars. How organizations choose projects, provide governance both within and among the nations, measure performance, tackle risk, navigate complexity, and share the benefits are ultimate questions that require forethought, detailed planning, disciplined execution, and sound management. Recognizing the importance of project-program-portfolio management, government agencies around the world such as the United States recently passed legislation such as the Program Management Improvement Accountability Act (PMIAA) to enforce the use of project management for large projects.
“While the core concepts of portfolio Management have been in use for the past 70 years, the application to project management is still relatively new. The emergence of portfolio management is another indication that competition is becoming fiercer,” stated Prof. Te Wu, founder and CEO of PMO Advisory. “After all, when there is less room for error, doing the right projects with the optimal governance takes on a new significance. For rapidly growing economies like China, where the average GDP of the past two decades hovered around 10%, there are many wasted projects, like a ghost city, that was recently observed in China.” For mega portfolios such as One Belt One Road, selecting the right projects, instilling the right governance, and using the most optimal project management approach can be a contributor to its ultimate success.
In his presentation, Prof. Te Wu will outline the importance of portfolio management, provide a framework for aligning strategy with execution, and focus on a number of simple techniques so the audience can apply them to their work.
PMI China, Shanghai
Title: Achieving Execution Excellence Through Portfolio Management
September 24th, 2017
World Expo Exhibition Center, Shanghai, China
Dr. Te Wu, PfMP, PgMP, PMP and PMI-RMP is the CEO of PMO Advisory LLC, a management consulting firm and a PMI Registered Education Provider (R.E.P.). As a training company, the firm is striving to be the most comprehensive project management training firm in the world offering certification training in Portfolio (PfMP), Program (PgMP), Project (PMP, CAPM), Risk (PMI-RMP), Agile (PMI-ACP), and Project Management Office (PMO) training. Prof. Wu is also an assistant professor at Montclair State University, and a visiting professor and speaker at a number of world class institutions. Most recently, he was asked to teach a project management course at the China European International Business School (CEIBS) planned for the Summer of 2018. Click here to learn more about PMO Advisory.
