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How to “Brexit Proof” Your Project Strategy

Arras People

The event’s title of “ How to ‘Brexit-Proof’ your Project Strategy before December 14th 2018 ” provided a clear picture of the key strategies you should employ in order to best prepare for Brexit. Held at the prestigious IoD (Institute of Directors) the speakers looked at how Project Leaders could apply Agile PMO, risk management, project governance, procurement, and change management to the range of project controls and management challenges Brexit will pose.

How To Make 2019 A Successful Year for Your Projects

Girl's Guide to PM

Would you like to make 2019 a successful year for your projects? I asked people two questions: What should people managing projects be aware of as we go into 2019 to make 2019 their most successful year ever? What will you be doing in 2019 to have your most successful year ever? You can scroll down and get the highlights, and then read all the advice in the How To Make 2019 A Successful Year for Your Projects ebook. Now 2019 is here, I think that’s’s a cop-out.

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Why PMOs Fail: 5 Shocking PMO Statistics

Keyedin

As you can see from the quotes below, there is much to be concerned about as you set up your PMO and Project Portfolio Management (PPM) strategy. Since 2008, the correlated PMO implementation failure rate is over 50% (Gartner Project Manager 2014). Only a third of all projects were successfully completed on time and on budget over the past year (Standish Group’s CHAOS report). This misalignment has serious consequences for both the PMO and the business.

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Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. Aligning most of the projects and programmes to the organisation’s strategies is one of the most important benefits of implementing organisational portfolio management. This post first appeared on PMO Perspectives Blog. Portfolio Management Strategy Execution

Is Joining a PMO the Right Career Move for You?

LiquidPlanner

Project managers wonder where the PMO fits in their career as many project managers are rewarded with more projects and higher complexity and scope—not detours into process, methodology, and compliance. If you are a PM who has considered a PMO assignment, you may have asked yourself these questions: Where does the PMO fit in this career path? Is joining a PMO a good career move? Will I be stuck if I go into the PMO? Five Reasons to Join a PMO.

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Healthcare PMO: BCBS Roundtable Exchanges Thought Provoking Ideas

Planview

A healthcare PMO today must have a strong constitution. Challenges Connecting Strategy and Delivery: “How do we ensure we are investing in the right things?”. One of the challenges discussed was how the healthcare industry’s constantly shifting dynamics make connecting strategy to delivery more complex at all times. Healthcare PMO’s should ensure that the organization has the right portfolio mix to accomplish its goals and be able to pivot and re-prioritize as needed.

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. We recently hosted a webinar titled “ Modern Capacity Planning – Putting the Strategy into Resource Management ” in which many attendees cited this problem as paramount in their organizations.

Why PMOs Fail: 5 Shocking PMO Statistics

Keyedin

As you can see from the quotes below, there is much to be concerned about as you set up your PMO and Project Portfolio Management (PPM) strategy. Since 2008, the correlated PMO implementation failure rate is over 50% (Gartner Project Manager 2014). Only a third of all projects were successfully completed on time and on budget over the past year (Standish Group’s CHAOS report). This misalignment has serious consequences for both the PMO and the business.

PMO 60

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. We recently hosted a webinar titled “ Modern Capacity Planning – Putting the Strategy into Resource Management ” in which many attendees cited this problem as paramount in their organizations.

Strategic Planning: The Types of Planning That Bring Your Strategy to Life

Planview

In this blog series, we are providing an overview of the seven planning types to help you deliver on strategy with a dynamic and continuous approach. In these next couple of installments, we’re going to look at the different types of planning as they relate to your desired outcomes referenced from the eBook “ Planning Deconstructed: 5 Types of Planning Crucial to Delivering on Strategy with Dynamic and Continuous Planning.” 1) Project Financial Planning/Budgeting.

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Action! Four Ways to Build a Customer-Obsessed PMO

Keyedin

Get rolling on a new maturity plotline for your PMO, with four competencies that script a strategic change. Fall movie season is upon us and like your favorite new flick, your PMO might be undergoing a plot-twist as the year wraps up. As you start your budgeting and plan out goals for the year ahead, you might want to take a step back and look at your trajectory from a 1,000 ft.

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Types of Planning Crucial to Delivering on Strategy

Planview

In this blog series, we will be discussing five types of planning that are crucial to delivering on strategy with a dynamic and continuous approach. They require people, strategies, work, outcomes, and technology. Stick with us and in the end, you’ll understand what it takes to create plans that will enable you to continuously connect strategy to delivery. Lean and Agile PMO Product Innovation

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

For any Program Management Office, it is extremely important that you are able to show how your PMO delivers tangible and meaningful business benefits. Here are five of the most important: Align the portfolio of projects with an eye toward future strategy. Deliver programs on-time, within budget and according to scope. Increase the awareness of the value of the PMO and PPM process.

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Three Ways to Transform Your PMO Into a Strategic Powerhouse

Keyedin

It’s proven that managing portfolios better creates cost efficiencies and helps companies complete more projects to specifications and to budget requirements. Transformed Performance: Let’s face it—when you’re prey to overruns and drastically hobbled by poor resource deployment, your PMO isn’t performing the way it should. Our solution allows you to clearly see your PMO metrics for the first time.

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Crystal-Clear Reporting Enables Your PMO to Deliver Value

Keyedin

In the case of the PMO (project/program management office), this reporting means a better enterprise view of resource usage, a cycle of improvement on project processes, the ability to intervene at the right time for struggling projects, and greater likelihood that the program is held to the desired budget and scope parameters. Effective reporting—the intel from the field that gets distilled into cogent parcels for the right internal audience—is the lifeblood of a PMO.

PMO 60

Crystal-Clear Reporting Enables Your PMO to Deliver Value

Keyedin

In the case of the PMO (project/program management office), this reporting means a better enterprise view of resource usage, a cycle of improvement on project processes, the ability to intervene at the right time for struggling projects, and greater likelihood that the program is held to the desired budget and scope parameters. Effective reporting—the intel from the field that gets distilled into cogent parcels for the right internal audience—is the lifeblood of a PMO.

PMO 60

Three Ways to Transform Your PMO Into a Strategic Powerhouse

Keyedin

It’s proven that managing portfolios better creates cost efficiencies and helps companies complete more projects to specifications and to budget requirements. Transformed Performance: Let’s face it—when you’re prey to overruns and drastically hobbled by poor resource deployment, your PMO isn’t performing the way it should. Our solution allows you to clearly see your PMO metrics for the first time.

PMO 60

Why You Should Align Strategy, Financials, and Execution

Planview

Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. A strategic plan generally incorporates a hierarchy of Missions, Objectives, Strategies, and Tactics (MOST), which work together to set a business’s direction. Funding and Budgeting. The funding and budgeting process usually begins with an annual proposed order-of-magnitude budget. PMO Vision and Trends

15 Easy-to-Do Types of Professional Development

Girl's Guide to PM

But the budget is tight. A community of interest can take many forms, from your professional community of project managers at work, perhaps organised by your PMO, an online community or an industry group or professional body that you are part of – one that has regular meet ups. Whether you join the Project Management Café group on Facebook, the PMO Flashmob , or the discussion groups on LinkedIn, you’ll learn something if you chip into the discussion and meet new people.

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Enterprise Agility in Financial Services: Learnings from the 2019 Planview Horizons Customer Conference

Planview

We facilitated a roundtable discussion of our customers at the 2019 Planview Horizons Customer Conference where enterprise agility in financial services organizations was discussed. Financial services companies often operate with a traditional approach to project and portfolio management where annual budgets define how projects are funded and executed. In this case, the budget is adjusted at any time during the cycle to accommodate changes in customer requests.

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Project Management Statistics: 45 Stats You Can't Ignore

Workamajig

As we step into 2019, what project management statistics should you be aware of? File sharing, time tracking, email integration, Gantt Charts, and budget management are the top five most used and requested features in project management software. Project Management Office (PMO) Statistics. As we wrote earlier, creating a project management office (PMO) can drastically improve productivity and bring greater clarity to your PM processes.

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Shifting from Projects to a Product-Centric Approach

Planview

In my last blog, “ Agile Transformation: The PMO’s New Paradigm ” we covered the significance of embracing different types of work and the role that continuous planning plays in becoming an Agile PMO—but that’s only the beginning. In the whitepaper, The Agile PMO: 5 Steps to Driving Agility at Scale , the focus of the PMO can no longer be on executing on-time and on-budget, but instead on the delivery of value as the outcome. Lean and Agile PMO

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Turning Good Project Management into Great Project Leadership

Strategy Execution | PMO Perspectives

Many organisations are investing in people, processes and structure to create teams focused on strategy execution, often by establishing project management offices (PMOs). As a senior project manager or head of a PMO, it is important to assess teams for any skill gaps that may be inhibiting or preventing project success. Efforts are focused on getting a project delivered on-time and on-budget, to the extent that the end result is detached from the organisation’s strategic goals.

Project Management Tools and Services to Consider for 2020

Brad Egeland

Plus, according to their product roadmap that I've discussed with them, they will be strengthening this even more in their upcoming 2nd gen agile planning and controlling component in their next major release 19 due later in 2019. Forecast Forecast is a complete project, resource, and budget management platform powered by cutting-edge automation and plenty of pre-built integrations. Re-align periodically with strategy and execution.

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Roadmapping: An Essential Planning Practice to Deliver Outcomes

Planview

In part II of this series, Strategic Planning: The Types of Planning That Bring Your Strategy to Life , we reviewed the first three planning types from the eBook, “Planning Deconstructed: 5 Types of Planning Crucial to Delivering on Strategy with a Dynamic and Continuous Approach,” covering financial and budgeting project plans, strategic planning, and program planning. Lean and Agile PMO

2019 92

Lean Portfolio Management Operations: An Agile Approach

Planview

Part 2: Lean Portfolio Management: Lean Budgets and Investment Funding. Traditionally, in an effort to maintain alignment and consistency across the portfolio, organizations have dedicated a centralized Program Management Office (PMO) to planning, program management, and solution definition. A project-based funding structure creates a slower, more complicated budgeting process that requires estimates, plans, and details far before they are able to be accurate.

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Continuous Planning Equals Business Agility

Planview

Do you understand the impact of trade-off decisions, accepting new, delayed, or dropping projects within your strategy? As your organization starts the planning process look for a planning tool that allows you to: Prioritize your strategies because they impact program prioritization. Evaluate resource capacity and budgets. “Do Lean and Agile PMO

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10 Point Checklist for Better Project Estimates

Planview

Use multiple levels of progressively accurate estimates; from order-of-magnitude to budget to baseline. The strategy can vary depending on the nature of the project. Leverage Contributor Estimates, Earned Value, and Earned Schedule to stay on top of remaining effort, remaining budget, and remaining schedule, respectively. This amount should be part of the project budget and based on the expected cost impact of the risks. PMO Vision and Trends

Portfolio and Resource Management Tips to Gift Your PMO This Holiday Season

Planview

The best gift for your PMO: Portfolio and Resource Management tips. Your PMO @ Hyper-speed Workshops [Webinar]. As a PMO leader, you are in a prime position to drive strategic outcomes by planning and managing today’s complex, cross-organizational programs and projects that will drive value to the enterprise. Learn how to become an influential advisor and contributor to strategy and deliver value in this 5-part workshop series. The Zombie PMO Outbreak [eBook].

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Putting Continuous Planning Types to Work

Planview

Welcome to the finale of our four-part series that reviews the types of planning organizations have at their fingertips to convert strategy into results. Part II: Strategic Planning: The Types of Planning That Bring Your Strategy to Life. Part I: Types of Planning Crucial to Delivering on Strategy. They must consider people, strategies, work, outcomes, and technology. Many will still take a traditional, budget-based approach to annual planning.

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5 Project Management Tools and Services to Consider for 2020

Brad Egeland

Plus, according to their product roadmap that I've discussed with them, they will be strengthening this even more in their upcoming 2nd gen agile planning and controlling component in their next major release 19 due later in 2019. Many traditional portfolio management solutions are designed for mature PMO’s and include a lot of functionality that teams either don’t use or may not have the sophistication to use successfully.

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The World of Work is Changing—Here’s How You Can Embrace It

Planview

How quickly does your organization adapt and respond to changes, and at what speed does your team deliver on top-down strategies? Also, is your organization considering all work methods to achieve the strategy that actually delivers what your customers want? The measure of success is typically based on completing projects on-time and within budget. Connecting Strategy to Delivery. Has your organization evolved in terms of how work gets done?

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Effective Communications in Projects

Strategy Execution | PMO Perspectives

Communicating allows team members to make a connection between what they’re doing and the overall success of the organisation – the key to successful strategy execution. By knowing where they fit in the organisation’s overarching business strategy, project members will feel a greater level of commitment and accomplishment. If meeting times, project parameters or budget goals aren’t working, communication gets things back on track.

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Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Down the line, the core software component of the project was deemed to be 100% successful, in terms of budget, delivery dates and system performance. This involves the right budgets, flexible processes, an empowered project team, frequent review and stakeholder involvement. Check also Strategy Execution ‘ Strategic Leadership Certification program in partnership with Duke CE. This post first appeared on PMO Perspectives Blog.

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How To Decide What Projects Not To Do

Strategy Execution | PMO Perspectives

The priority work should align to your corporate strategy. You’ll probably have some big picture goals, maybe some company values, and a strategy. If so, it may be a requirement for your business to do the project, whether it aligns with strategy or not. Building an online purchasing system isn’t compliance and may not be on your strategy roadmap, but if all your competitors offer the ability to buy online, then you should be prioritising that too.

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Getting Started with Agile Portfolio Management

Keyedin

Tom Raper, our excellent Director of Product Solutions, had the opportunity to present a session at the PMO Symposium earlier this month. You can also read more about our key PMO Symposium takeaways. Adopt a Product Delivery Strategy. The first step when getting started with Agile portfolio management is to embrace a product delivery strategy. This requires that you adapt time, money and resources to be as Agile as your overall management strategy.

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Project Prioritization with Strategic Work Intake

Planview

I came from a project management background and I was always concerned about time, scope, and budget. Did I deliver the project on time, was it in budget or under budget, and did we accomplish what we were supposed to accomplish? Most organizations spend time setting up a mission or vision, creating a great strategy, coming up with goals, setting objectives, and discovering what the magnitude of the project will be.

2019 68

Start Viewing Your IT Department as a Strategic Partner to the Organization

Planview

We’ve discussed how portfolio-driven performance improves project delivery, how and why you must align strategy, financials, and execution, and why the relationship between demand and project management is so important. Release management in particular is a way to bridge strategy, product development, and project management, to assure that all are in alignment. Again, there is a budget for this, and there are associated services and costs to maintain it.

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The Top Five Skills for Project Leaders

Strategy Execution | PMO Perspectives

All business initiatives are achieved through projects, so assessing and ranking these projects in order of importance to the business strategy give organisations the confidence to embrace risk. Risk management training teaches that an official budget – the base case – should be considered in the context of three scenarios: worst case, best case and most likely. Aligning execution with intended strategy is the overarching theme.

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Using Portfolio-Driven Performance to Improve Project Delivery

Planview

Rising costs in a tough economy have led to tightened budgets and reduced workforces. Most organizations have strategies, or a strategic plan of some sort. In this compilation blog series, we will discuss how adopting portfolio management methods across the 6 process areas, IT departments can help businesses keep their strategy, financials, and operations aligned as change happens. If we change strategies, what products, projects, applications, and services will it impact?

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