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Successful healthcare programs and projects: organization portfolio management essentials.
J Healthc Inf Manag. 2005 Winter; 19(1):19-27.JH

Abstract

Many healthcare organization projects take more time and resources than planned and fail to deliver desired business outcomes. Healthcare IT is a major component of many projects and often undeservedly receives the blame for failure. Poor results are often not a result of faulty healthcare IT or poor project management or poor project execution alone. Many projects fail because of poor portfolio management--poor planning and management of the portfolio of initiatives designed to meet an organization's strategic goals. Because resources are limited, portfolio management enables organizations to more strategically allocate and manage their resources so care delivery, service delivery, and initiatives that advance organizations toward their strategic goals, including healthcare IT initiatives, can be accomplished at the levels of quality and service desired by an organization. Proper portfolio management is the essential foundation for program and project success and supports overall organization success. Without portfolio management, even programs and projects that execute flawlessly may not meet desired objectives. This article discusses the essential requirements for porfolio management. These include opportunity identification, return on investment (ROI) forecast, project prioritization, capacity planning (inclusive of human, financial, capital, and facilities resources), work scheduling, program and project management and execution, and project performance and value assessment. Portfolio management is essential to successful healthcare project execution. Theories are drawn from the Organizational Project Management Maturity Model (OPM3) work of the Project Management Institute and other leading strategy, planning, and organization change management research institutes.

Authors+Show Affiliations

JSP Solutions Group Inc, USA. Scott_Pickens@JSPSolutionsGroup.comNo affiliation info available

Pub Type(s)

Journal Article

Language

eng

PubMed ID

15682672

Citation

Pickens, Scott, and Jamie Solak. "Successful Healthcare Programs and Projects: Organization Portfolio Management Essentials." Journal of Healthcare Information Management : JHIM, vol. 19, no. 1, 2005, pp. 19-27.
Pickens S, Solak J. Successful healthcare programs and projects: organization portfolio management essentials. J Healthc Inf Manag. 2005;19(1):19-27.
Pickens, S., & Solak, J. (2005). Successful healthcare programs and projects: organization portfolio management essentials. Journal of Healthcare Information Management : JHIM, 19(1), 19-27.
Pickens S, Solak J. Successful Healthcare Programs and Projects: Organization Portfolio Management Essentials. J Healthc Inf Manag. 2005;19(1):19-27. PubMed PMID: 15682672.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Successful healthcare programs and projects: organization portfolio management essentials. AU - Pickens,Scott, AU - Solak,Jamie, PY - 2005/2/3/pubmed PY - 2005/2/25/medline PY - 2005/2/3/entrez SP - 19 EP - 27 JF - Journal of healthcare information management : JHIM JO - J Healthc Inf Manag VL - 19 IS - 1 N2 - Many healthcare organization projects take more time and resources than planned and fail to deliver desired business outcomes. Healthcare IT is a major component of many projects and often undeservedly receives the blame for failure. Poor results are often not a result of faulty healthcare IT or poor project management or poor project execution alone. Many projects fail because of poor portfolio management--poor planning and management of the portfolio of initiatives designed to meet an organization's strategic goals. Because resources are limited, portfolio management enables organizations to more strategically allocate and manage their resources so care delivery, service delivery, and initiatives that advance organizations toward their strategic goals, including healthcare IT initiatives, can be accomplished at the levels of quality and service desired by an organization. Proper portfolio management is the essential foundation for program and project success and supports overall organization success. Without portfolio management, even programs and projects that execute flawlessly may not meet desired objectives. This article discusses the essential requirements for porfolio management. These include opportunity identification, return on investment (ROI) forecast, project prioritization, capacity planning (inclusive of human, financial, capital, and facilities resources), work scheduling, program and project management and execution, and project performance and value assessment. Portfolio management is essential to successful healthcare project execution. Theories are drawn from the Organizational Project Management Maturity Model (OPM3) work of the Project Management Institute and other leading strategy, planning, and organization change management research institutes. SN - 1099-811X UR - https://www.unboundmedicine.com/medline/citation/15682672/Successful_healthcare_programs_and_projects:_organization_portfolio_management_essentials_ L2 - https://medlineplus.gov/choosingadoctororhealthcareservice.html DB - PRIME DP - Unbound Medicine ER -