article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52
article thumbnail

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Measures of Product Value is Exchange for Its Cost. Parametric Project Monitoring and Control. Technical Performance Measures.

2003 54
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017). Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

article thumbnail

Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

Through robust project performance monitoring, reporting, and evaluation, these systems ensure that project progress is tracked and outcomes communicated effectively. Visualization and reporting of project landscape guide stakeholders towards a clear understanding of project status and project performance. Müller, R.,

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible Performance Measurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).

article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

We’ll emphasize the limitations of relying solely on time buffers and advocate for a real-time dual-buffer approach that monitors both time and capacity. This visual tool, when intersected with the buffer consumption rate, offers a clear picture of project performance. We need an early warning that the system might crash.

2016 52
article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

We’ll emphasize the limitations of relying solely on time buffers and advocate for a real-time dual-buffer approach that monitors both time and capacity. This visual tool, when intersected with the buffer consumption rate, offers a clear picture of project performance. We need an early warning that the system might crash.

2016 52