Essential Tools for Portfolio Prioritization
Dear BIVILLEPM Community,
To effectively manage portfolios, I rely on these four key tools:
1. Complexity Factors,
2. Risk Model,
3. Basic Economic Models, and
4. Eisenhower (Urgent-Important) Matrix Model
are the four tools I know for portfolio prioritization. I think they are enough.
I don’t need to know more than this to function as an ASSET/OPERATIONS/Portfolio Manager for an Oil and Gas EPC.
In my mind, I think of Constraints Optimization/Mathematical Model (parts of what I learned in Chemical Process Engineering) or Manually Computing Monte Carlo Simulations.
Image By #GeorgeNWOGU
I might not need to be an Albert Einstein before I become Peter Drucker. I can choose only one, and that is the latter. Besides, I live in the era of AI and creativity; not always advanced computations are needed for greatness.
Check out my LinkedIn post: Exploring the 7 Dimensions of Project Complexity (№1)!
#PortfolioManagement #OilAndGas #EPC #ProjectManagement #PrioritizationTools #COO #GeorgeNWOGU #BIZVILLEPM 🌐🚀
Warm regards,
Engr. George (Chìsom) ÑWÒGU (MBA, PMP®️)
Motto: Humanity First, then Smart and Green. 🚀
My name is George Nwogu, a Senior Project & Planning Manager, COO and Global Trainer from Nigeria. I’m the Founder of Bizville Project Management Limited
Services from Bizville Project Management are:
- EPC, HSE, PMT & MGT Manpower Development and Training
- Strategic PMO Solutions
- Project Handling and Contract
- Property Sales and Construction Supplies (Including Labour Manpower Supply)
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