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. Conduct a Skill Gap Analysis A skill gap analysis measures the difference between the skills that employers want or need against the skills that their workforce offers.

Planning 344

Planning Estimate Risk Management Budget 344

Rebel’s Guide to PM

MARCH 14, 2021

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. And we haven’t yet received the mandate to do a deep dive into requirements and scope that would enable more accurate results from the budget forecasting.

Estimate 459

Estimate PMO PMI Budget 459

Rebel’s Guide to PM

JULY 28, 2023

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track As you can see, this equates to the acronym BRAG. Check with your PMO. The budget is overspent by more than 10%/outside tolerance.

Software Review 287

Software Review PMO Risk Management Closing 287

Rebel’s Guide to PM

JANUARY 23, 2023

The project manager , another project manager, a PMO person, or a risk audit person could carry out the audit. Audits are part of internal controls on a project and fall under the governance arena, so if you have specific PMO team members who look at governance, they are the ones to ask. Who carries out the risk audit?

Risk 397

Risk PMO Risk Management Governance 397

Rebel’s Guide to PM

SEPTEMBER 26, 2022

The overall change is managed as a program, under a program manager who consolidates program-level risks, manages resource conflicts across all projects, controls the budget and works with business owners to realize the benefits across all the initiatives. These could be project managers or PMO colleagues. Stakeholder Engagement.

PMO 276

PMO Technical Review Leadership Risk Management 276

Rebel’s Guide to PM

OCTOBER 15, 2021

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track. Check with your PMO. It could be over budget, running behind schedule or have uncontrolled scope changes (or all three).

Software Review 370

Software Review PMO Risk Management Closing 370

Rebel’s Guide to PM

JULY 6, 2022

Not you as an individual, not you as a PMO, not you as a group of dedicated project managers. Your PMO should come up with (if they haven’t got it already) a list of the project prioritization categories. You may opt to do the top 10 projects, or as many projects as you can do until you hit your budget of $x. Step 5: Repeat.

PMO 439

PMO Initiating Software Review Executing 439

Rebel’s Guide to PM

NOVEMBER 2, 2023

How can I stay within the budget with the available resource mix? Enterprises fail to deliver projects on time and within budget without the right forecasting tools. Subsequently, the project fails to deliver on time and within budget. What should I do with the excess capacity without sufficient work to engage them?

Underperforming Technical Team 299

Underperforming Technical Team Technical Review Software Review Estimate 299

Rebel’s Guide to PM

MARCH 14, 2024

25% of PMO directors say that AI has disrupted their PMO ( Capgemini ) – and I’m sure that number will only continue to rise. Interestingly, project management domains where there is low impact from AI are considered to be stakeholder management, project communication and project budgeting.

Artificial Inteligence 372

Artificial Inteligence Technical Review 2028 2024 372

ProjectManager.com

AUGUST 29, 2023

Cost Benefit Analysis How to calculate the potential benefits of a project in terms of money and then subtract the cost of the project from this figure. A cost benefit analysis will then determine if the project is worth the investment and whether it should be initiated or passed on.

Software Review 393

Software Review Underperforming Technical Team Lean Event Chain 393

Planview

FEBRUARY 12, 2020

These focus on how the Savvy PMO uses data to not only manage day-to-day operations but also prepare for the future. The right analytics and reporting help you continually align employees to strategic work and build the highest value project and product portfolio based on your resource and budget constraints.

PMO 78

PMO Planning Budget 78

Rebel’s Guide to PM

SEPTEMBER 27, 2020

The overall change is managed as a program, under a program manager who consolidates program-level risks, manages resource conflicts across all projects, controls the budget and works with business owners to realize the benefits across all the initiatives. These could be project managers or PMO colleagues. Stakeholder Engagement.

PMO 331

PMO Technical Review Leadership Risk Management 331

Rebel’s Guide to PM

AUGUST 24, 2022

The PMO will want a copy and you should also send one to the project sponsor and any other senior stakeholders. Double-check that the PMO has the lessons too. Close out the budget and contracts. Your project budget and contracts are closed out at project completion. Make sure that everything that needs to be done is done.

Closing 419

Closing PMO Budget Finance 419

Rebel’s Guide to PM

JULY 9, 2021

Summary review of Sciforma: Sciforma is a PPM tool that has powerful portfolio management features and will level up your PMO. Budget Management. You can build capex budgets. You can then see available budget and that can help you make decisions about what projects can be done. Website: [link]. Sciforma Overview.

Software Review 392

Software Review 2021 PMO Project Life Cycle 392

MPUG

MARCH 15, 2024

AI operates through complex algorithms and data analysis to simulate human intelligence in machines. Over time, and with sufficient data, AI systems improve their accuracy and efficiency in tasks such as speech recognition, image analysis, decision-making, and natural language understanding.

Artificial Inteligence 116

Artificial Inteligence Technical Review Healthcare Risk Management 116

Rebel’s Guide to PM

MARCH 18, 2021

Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. Here are some of the typical reports produced on a project: Quality report Risk report Status report Formal records for particular stakeholders eg a highlight report for a sponsor or monthly reporting for the PMO.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

APRIL 21, 2021

They perform competitor analysis and evaluate alternatives. They run meetings inefficiently, which results in participant frustration and complaints to VPs of PMO. They understand the semantics of creating a win-win situation whether when securing a budget or a resource for a project. Jahn Karsybaev. Communication.

2021 479

2021 PMO Executing Risk Management 479

Project Accelerator News

APRIL 18, 2024

If you’re new to a role, instead of slashing or splashing budget and drastically altering project team structure, how about looking at the small step changes you can make that can quickly unlock ROI. Call Stoneseed to find out more about the P3MO Platform and PMO Services on 01623 374056 or click here. Less broom, more polish!

Lean 52

Lean Technical Review PMO Innovation 52

Planview

MAY 29, 2020

Does your PMO generate portfolio dashboards for stakeholders and executives? Does it help your PMO be seen as a value driver? The Savvy PMO recognizes this and makes access to highly visual, useful data an imperative by providing comprehensive portfolio dashboards. Real-time Analysis. Executive-Level Visibility.

CTO Hire 133

CTO Hire PMO Executing Budget 133

Rebel’s Guide to PM

JULY 20, 2023

Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. Here are some of the typical reports produced on a project: Quality report Risk report Status report Formal records for particular stakeholders eg a highlight report for a sponsor or monthly reporting for the PMO.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

EasyProjects

SEPTEMBER 29, 2020

The project management office (PMO) is typically an operating unit of a professional services firm. The writer worked for an extended period in two firms that may broaden the concept of the PMO. The writer worked for an extended period in two firms that may broaden the concept of the PMO. Introduction. Was it project-based?

PMO 52

PMO Underperforming Technical Team Software Review Consulting 52

Rebel’s Guide to PM

JANUARY 24, 2022

Look at your project schedule and consider whether you have truly incorporated enough change management activities (and time/budget for those activities) in the plan. It’s a way of automating repetitive tasks and it’s having a bit of an impact on the PMO community. A strategic shift for PMOs. RPA is Robotic Process Automation.

2022 484

2022 PMO Risk Management Artificial Inteligence 484

Strategy Execution | PMO Perspectives

AUGUST 1, 2019

Once Upon Another Time , Business Analysis was only performed in large companies, with large mainframes and even larger teams that spanned IT, marketing and finance. Business analysis involves principally two things:-. This post first appeared on PMO Perspectives Blog. Then they moved to your desktop. What, Another Dashboard?

2018 65

2018 Finance PMO Estimate 65

Rebel’s Guide to PM

JUNE 8, 2022

And regardless of the fact their expertise is in requirements analysis and they’ve never presented to senior management before? The person best placed to do the work may be far too expensive for your project budget, so you may have to compromise. The work could help others learn something completely new, like budget management.

2014 360

2014 PMO Budget Executing 360

Scrum.org

APRIL 2, 2023

By Lavaneesh Gautam , Professional Scrum Trainer I consider successful Stakeholder Engagement as a 4 Step process, which include: Stakeholder Exploration Stakeholder Analysis & Mapping Stakeholder Communication Strategy Inspect & Adapt In this article, I will cover Step 1 — Stakeholder Exploration. “Stakeholder.” What does It Mean?

Innovation 171

Innovation Finance PMO Budget 171

Planview

MAY 4, 2020

Does your PMO provide the project visibility and insights required to help the organization deliver on strategy? For some PMOs, project visibility is limited to just project status. The Savvy PMO extends visibility and reporting to six key areas: Project Status and Health. Real-time Analysis. Planned versus Actuals.

PMO 107

PMO Budget Risk Management Finance 107

Wrike

FEBRUARY 1, 2022

For too long, PMOs have relied on portfolio project management (PPM) tools to get by, but unfortunately, these only offer investment planning and portfolio management, financial planning, cost analysis, and maybe timelines. Get all the PMO use cases here. No other CWM can match Wrike’s cross-tagging functionality.

PMO 36

PMO Risk Management Executing Monitoring 36

Planview

SEPTEMBER 18, 2023

Consider these changes faced by PMOs in recent years: The call to infuse agility and become a modern PMO. The pressure to evolve is mounting for the PMO, which needs to adapt to new digital strategies – and more strategic, product, or initiative portfolios – while bridging traditional practices.

2025 78

2025 2023 Technical Review PMO 78

Wrike

APRIL 14, 2021

PMO maturity models have been called indispensable for their ability to ensure continuous improvement, involve strategic insight from upper management, and create a personalized benchmark system for growth. But what is a PMO maturity model, and why and how should your team use one? What is a PMO maturity model?

PMO 36

PMO Defining Software Review Initiating 36

The IIL Blog

OCTOBER 17, 2023

Business Analysis A process in which an individual identifies business needs, defines solutions and facilitates change to meet organizational goals. hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Feasibility Study An analysis of a project’s viability.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Planview

APRIL 18, 2019

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. Project schedules can no longer be the PMO’s core focus. Redefine Success.

PMO 106

PMO Lean Finance Agile 106

Rebel’s Guide to PM

MARCH 19, 2020

Unless you are enforcing timesheets to track actual hours worked, budget tracking of resource time is fraught with difficulties. There are only 2 reports: budget analysis and time analysis, both of which are dependent (obviously) on the data you put in. In summary….

Software Review 300

Software Review CTO Hire PMO Estimate 300

LiquidPlanner

AUGUST 22, 2022

That means that projects are likely to be delivered late and over budget because the priority isn’t clear and time becomes randomized trying to juggle too much. The work will all get done on time and within budget. We clearly need some help here, and I strongly believe AI can offer that help. When everything is #1 , nothing is #1.

Artificial Inteligence 148

Artificial Inteligence PMO Risk Management Risk 148

Wrike

MARCH 15, 2021

PMO vs. EPMO: what is the difference? While PMO has greatly helped many organizations, EPMO is the way of the future. . While PMOs are on the ground taking care of day-to-day activities, EPMOs have a high-level view of the project. . They actively work to correct many of the now outdated practices of the traditional PMO role.

PMO 36

PMO Technical Review Executing Budget 36

Planview

AUGUST 17, 2022

But, as the PMO, this is the perfect time to drive home the value you can offer your organization. You’ll also need to step outside your comfort zone as a traditional PMO. So you can make it clear that your PMO is a value driver during economic uncertainty. But the PMO can spearhead a culture of embracing change at your company.

PMO 78

PMO Executing Agile Innovation 78

Project Pulse Journal

APRIL 26, 2024

Applications of Digital Project Management Skills IT and Software Development - Managing software projects, including updates and releases, requires acute data analysis and effective coordination of development teams. A Digital PMO can offer support in technologies, resources, governance frameworks, and alignment with organizational goals.

Technical Review 52

Technical Review Software Review 2024 PMO 52

Rebel’s Guide to PM

JULY 22, 2023

But the budget is tight. Join a community A community of interest can take many forms, from your professional community of project managers at work, perhaps organized by your PMO, an online community or an industry group or professional body that you are part of — one that has regular meet ups.

Software Review 310

Software Review Certification PMI Technical Review 310