||Thomas G. Lechler, PhD, Associate Professor
Stevens Institute of Technology
According to an international benchmarking
study examining the success of project portfolios, companies with good
Multi–Project Management (MPM) are economically more successful.
The study was initiated and conducted since 2007 by Professor Gemünden
from the Technical University (TU) in Berlin, Germany with the participation
of international collaboration partners in different countries. The
scope of the current, fourth stage of this study is the integration of
strategy, project portfolio processes and project portfolio controls.
These are crucial factors in project portfolio management from strategic,
tactical, and operational perspectives.
More than 200 large and medium–sized companies
from Germany, Switzerland and Austria with portfolios of at least 20 simultaneous
projects is part of this current 4th MPM study. The sample of participating
companies covers the whole range of industries. The project portfolios
of these firms are mainly focused on R&D (29%) and IT (24%).
The results of this study demonstrate that the selection and prioritization
of projects, as well as the exploitation of synergies within the project
portfolio, and the timely termination of projects that are no longer purposeful
are critical for the long-term economic impact of project portfolios.
Dr. Thomas G. Lechler started his research
career in project management in 1991 studying the success factors of project
management. Since 2000, he is teaching advanced project management
courses at the Stevens Institute of Technology. His research focuses
on project value creation and recognition and exploitation of business
opportunities. He has received numerous research grants from National
Science Foundation and other funding organizations (such as two PMI research
grants to explore the management of project value opportunities and uncertainty
during project implementation).
(Adam's and the scholarship information).
Topic: Wealth Accumulation for Financial
Helen Hogan, a dynamic speaker and Financial
Advisor will share some important information on how to accumulate wealth
for financial security. Whether you are interested in early retirement,
accumulating enough money to pursue your dreams or helping your children
afford college; come and learn the best strategies on how to achieve a
secure financial future. Bring your questions.