WorkOtter

JUNE 1, 2023

If your business gets big enough, you might need a whole project management office (PMO). That’s why it’s important to learn about setting up a PMO. This guide will show you how to set up a PMO, explain different types of PMOs, and why having one is important for your business. What Exactly is a PMO?

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Henny Portman

JANUARY 3, 2024

This new IPMA standard defines the competences for the individuals working in PMO. A PMO has three main activities: Design – the creation, establishment and maintenance of standards, processes, procedures, and tools that define how work should be done inside. Can a PMO employee not be a portfolio manager or portfolio analyst?

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Bridge the Gap Consulting

MAY 16, 2023

Once your PMO is up and running, operationalizing and doing continuous improvement (CI) go hand-in-hand. Sometimes CI may lead to changes to the PMO’s operations, but you’re only making more efficient something you’re already doing. Here are some aspects of operationalizing your PMO. PMO-Specific Reports.

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ProjectManager.com

JANUARY 23, 2024

That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. It helps to complete projects on time, manage risk, achieve project goals, deliver more benefits and handle change with minor disruption.

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Rebel’s Guide to PM

SEPTEMBER 29, 2022

One for risk, one for escalations, one for changes, issues, new project kick-off, closure, logging dependencies… the list goes on and on. The risk there is that people make up their own processes to work around the edges of the formal policy, skipping steps because they are focused on keeping the momentum going on their project.

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Rebel’s Guide to PM

MARCH 14, 2024

Uses of AI in project management AI is in use by project delivery practitioners and Project Management Office professionals, generally through tools like ChatGPT or Microsoft Copilot, and more specifically such as in tools designed to support particular domains like AI in risk management. 23% of organizations are using or planning to use RPA.

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ProjectManager.com

NOVEMBER 30, 2023

But those forecasts are estimates and to ensure that you keep to your IT budget, monitoring and tracking costs is imperative. Support the IT Asset Management Lifecycle Then there’s the IT asset management lifecycle, which goes from request, fulfillment and deployment to monitoring, servicing and retiring.

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MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

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ProjectManager.com

JANUARY 12, 2024

Strategic workforce planning is used by an organization or its project management office (PMO) to achieve its long-term plans. It addresses external workforce factors that might impact the larger business and maintains organizational capacity while minimizing risk exposure.

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ProjectManager.com

JUNE 15, 2021

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. Risk Management. Then there are risks, which are potential problems, ones that have yet to occur or might not ever. Risk management.

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Wrike

NOVEMBER 9, 2023

As a PMO superstar, you know that Wrike is the solution you need to align your strategy with execution for end-to-end success. Aligning Strategy to Execution — Kalpesh Shah and Carolyn Lum Overview Kelpesh Shah, PMO leader at Radial, Inc., The post Collaborate 2023: Hand-Picked Sessions for PMO Teams appeared first on Blog Wrike.

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Rebel’s Guide to PM

MARCH 18, 2021

Assumption log Risk register Backlog (see, agile project artifacts are relevant too) Stakeholder register. Work breakdown structure Product breakdown structure Organizational breakdown structure Risk breakdown structure. Your PMO may define mandatory artifacts: a list of project documents that you must create for each project.

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ProjectManager.com

MAY 14, 2024

Project Managers Program Managers Project Portfolio Managers Project Management Office (PMO) Executives & Board of Directors Department Managers Business Decision Makers Free Project Status Report Template The RAG status is used when making a status or portfolio report. There’s even a risk management overview. They are as follows.

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Project-Management.pm

MARCH 5, 2017

It’s sometimes hard for organizations to keep up with these, hence the need for establishing a PMO , a standard structure to help projects have a constant process and operation to help them achieve their objectives or the stakeholders ’ requests. Why is there a need for establishing a PMO ? Establish a PMO : The 5 Steps to Adopt.

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Planview

DECEMBER 23, 2019

Regardless of whether you’re still learning how to prioritize projects or you’re a seasoned veteran, you can walk away from this blog knowing how to become a Savvy PMO. It may require a little experimenting to find the right method to match the needs of your PMO and organization. Here’s how. Gain Knowledge. What are your drivers?

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Rebel’s Guide to PM

JULY 20, 2023

Some examples of the project delivery artifacts that fall into this category that I use to manage my own projects at work include: Assumption log Actions log Decision log Risk register Issue log Change log Backlog (see, agile project artifacts are relevant too) Stakeholder register These documents represent a set of continuously evolving documents.

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Wrike

MAY 21, 2023

As an IT Project Management Office (PMO) leader, you understand how critical collaboration is to the success of your organization. When different teams work together effectively, the PMO can deliver high-quality projects faster and more efficiently. Let’s examine the many ways to maximize collaboration in your IT PMO.

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Project Pulse Journal

MAY 3, 2024

Risk - Proactive risk management is critical for anticipating, mitigating, and responding to potential challenges that could impact program success. Risk Mitigation - A comprehensive view of multiple projects can help you better identify, analyze, and manage risks at the program level, thus protecting your organization's interests.

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Project Pulse Journal

APRIL 25, 2024

A Project Management Office (PMO) isn't just about oversight; it's about empowering your projects to deliver real value. A well-implemented PMO can transform your project delivery process , ensuring that every project is set up for success from the start. Discover how a PMO can be a game-changer for your organization.

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Wrike

FEBRUARY 1, 2022

As work commences, PMOs must monitor and mitigate risks before they knock projects off course. RAID logs and project risk report: Identify and score potential risks based on severity during planning so that they can be mitigated along the way. Get all the PMO use cases here.

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ProjectManager.com

MARCH 24, 2020

They tend to monitor the budget and hold the purse strings of the project. Project managers are also responsible for managing risk and the budget. Project Management Office (PMO). However, if it does exist the PMO will decide on the processes used in a project and how to follow them. Project Team Members.

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MPUG

MARCH 13, 2022

Against these backdrops, PMO directors actively seek to establish result-oriented project management strategies alongside renowned third-party project management tools that help improve project team performance and satisfy organizational goals. The first thing every PMO director must put in play is a project brief. Risk Assessment.

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Rebel’s Guide to PM

AUGUST 6, 2022

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. Have as many layers as fits within your PMO methodology. It was a much smaller group, and focused on strategic decision making instead of day-to-day problem solving and risk management. Key decisions.

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Rebel’s Guide to PM

MAY 3, 2022

This section shows how the different teams fit together, who is on the Project Board, how the PMO fits in, who is leading the different workstreams and so on. Monitor and control methods. Risk management plan. Here’s where you set out how you are going to manage risk. Roles and responsibilities. Example of a RACI Chart.

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MPUG

MAY 6, 2024

This intelligent scheduling and optimization ensure that projects are planned most efficiently, with realistic timelines and resource allocations that reduce the risk of overruns and delays. One of the profound applications of AI in this domain is through AI-powered risk analysis tools.

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Rebel’s Guide to PM

JUNE 3, 2019

The more they understand about the project management process for monitoring and controlling – and your dashboard is part of that – the more likely they are to keep the data up to date. You can also configure parts of your dashboard to show risks or changes – or pretty much anything that you capture in the software itself.

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MPUG

MAY 1, 2023

As a PMO or PPM, you need efficient strategies to secure mission-critical project data. The Office 365 Security and Compliance Center can help project managers overcome these challenges by: Allowing you to monitor and grant permissions and access to users. Eliminates the risk of data loss due to human errors or system crashes.

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Planview

FEBRUARY 28, 2020

Working with IT, the PMO started with demand management and has now reduced approved projects by 75 percent, created a visible pipeline of demand, reduced staff workload, and improved performance. Publish dashboards regularly so that stakeholders can monitor status, improve the process, and facilitate quick execution of strategic work.

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Project Pulse Journal

APRIL 26, 2024

This approach leverages technology and online tools to manage aspects of a project - from initiation through planning, execution, monitoring, and closure. Risk Management Proactive Issue Resolution through digital tools helps identify and address potential issues before they become significant problems, thus reducing project risks.

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ProjectManager.com

DECEMBER 13, 2022

Be sure to monitor your planned costs against your actual costs to stay on track and reallocate as needed. The Ultimate Guide to Project Management Office (PMO). Use task, resource and risk management features to keep your project, portfolio or program on track. In other words, aligning investments with returns. Manage Demand.

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Project Pulse Journal

MAY 18, 2024

Project management technology encompasses tools and methodologies designed to help managers plan, execute, and monitor projects effectively. Identifying Potential Issues Early: Predictive analytics tools can analyze historical data to forecast potential project risks and issues.

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Project Risk Coach

JANUARY 30, 2017

Second, the Fitbit syncs to my iPhone Fitbit app where I can monitor trends. Let’s look for ways to monitor and control our cost more intentionally. It goes on to say, “the key benefit…is that it provides the means to recognize variance from the plan in order to take corrective action and minimize risk.”. Click To Tweet.

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The IIL Blog

OCTOBER 24, 2023

Risk Management. Effective risk management has to be proactive. AI enables predictions that are more accurate than traditional software solutions in determining risk responses, probabilities, and their impact. During that time, technology improved, costs dropped and therefore the bottlenecks fell away. Active Assistance.

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The IIL Blog

OCTOBER 17, 2023

Kanban board A visual tool used in Agile project management to monitor and manage project work. Project Management Office (PMO) An organization’s centralized office or department that oversees and supports all organizational project management efforts.

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Project Pulse Journal

MARCH 13, 2024

Potential Security Risks Remote workers may face security risks associated with remote access to sensitive data and information. By providing clear directions, the PMO helps virtual teams operate cohesively and align with strategic objectives.

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The Lazy Project Manager

AUGUST 1, 2017

Perhaps we might begin with the PMO. Since PMOs lead the project management community – either directly or indirectly, according to your PMO model (see appendices) – then by considering what the best PMOs offer we can gain some insight and see that: The best PMOs have consistent, repeatable PM practices across the enterprise.

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NimbleWork

JANUARY 9, 2024

Risk identification The risk identification workflow happens most commonly at the start of a project, although risks crop up throughout the delivery and execution phases too, so this is a workflow you’ll repeat at various times throughout the project to make sure all new risks are captured. Source: ligsuniversity 2.

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