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What Is Program Governance? Importance & Benefits

ProjectManager.com

A program is a set of connected projects that are under the oversight of a steering committee, which is the program governance body. Program governance is a critical component to successfully managing a program of projects. But what does program governance mean and why is it so important? What Is Program Governance?

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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. These capital projects can be infrastructure-based, such as roads and railways, when launched by the government. It’s used to help governments and corporations understand their future operational costs.

Budget 335
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What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

Let’s first define lean portfolio management and then delve into how it works. We’ll also explain when to use lean portfolio management and how project management software can help you manage your portfolios better. These principles are defining value, mapping the value stream, creating flow, establishing pull and pursuing perfection.

Lean 322
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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

We’ll define in depth each of the five construction phases: initiation, pre-construction, procurement, construction and post-construction. Project management software is used by construction project managers to plan, manage and track the project. Construction project management has five phases, the same as any project.

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What Is a Project Sponsor? Defining This PM Role

ProjectManager.com

For example, a government project is going to have a state official as project sponsor who will work with the construction company’s project manager. According to the Project Management Institute (PMI), the project sponsor role can be broken into three parts: vision, governance and value or benefits realization. Governance.

Defining 296
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What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

They lead the strategic planning and project governance for the organization and define the project management methodologies that are used to manage those projects. They’ll invest in project management software and archive projects for historical data that can be used when planning new initiatives.

PMO 337
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Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

OPAs and the PMP exam Let’s face it: I first came across the term OPA while reviewing PMP exam training material. In this blog post, we’ll take a look at what organizational process assets are, why you would use them in project management and some best practices for utilizing these important tools. What is not an OPA?

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