Wednesday, July 5, 2006

Chapter 11

She was glad he took it well; even though he had really liked her he also knew this has to end at some point. She knew that she will always have a special place in his heart; even felt a little guilty for not feeling what he felt. It had changed her, her curiosity was gone and she realized for the first time, that there is more to life and to him than she had expected. He introduced her to stocks, and the ups and downs and the risk of it. Once she got the hang of it she was more than good at it. He was handling portfolio management for a group of companies. She was thirsty for knowledge; and eager to learn and they ended up spending time together more than ever, since she wanted to know everything he was doing.

Chari’s wife was getting uncomfortable with the amount of time they were spending together. She was after her husband to find out if something was going on between them and put a stop to it. When he walked in he saw his son explaining about project proposals. She was paying full attention to what he was explaining and he was talking about a current project he was working on. They didn't have defined processes for reviewing project proposals; projects were pretty much recommended by senior vice presidents in each business area," he said. "They were attempting to do many more projects than they had the capacity to do. Bad projects squeezed out good projects. There was no visibility of what was being done throughout the organization."

A strong portfolio management program can turn all that around and do the following, it can maximize value of your investments while minimizing the risk; Improve communication and alignment between IS and business leaders; Encourage business leaders to think "team," not "me," and to take responsibility for projects; Allow planners to schedule resources more efficiently and also help reduce the number of redundant projects and make it easier to kill projects. All that means more pennies in your piggy bank. She didn’t understand the part when he said easier to kill projects but was very much interested that you can make more money.

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