Remove Budget Remove Closing Remove Leadership Remove PMO
article thumbnail

What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

PMO stands for project management office and it’s responsible for the project management standards in an organization. Either way, it’s run by a PMO director. There are different types of PMOs, all headed by a PMO director. What Is a PMO Director? The responsibilities of a PMO director are varied.

PMO 341
article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. The creation process for an organization’s project strategy is in the hands of leadership and management. Who’s Responsible for Creating the Organization’s Project Strategy?

Budget 367
Insiders

Sign Up for our Newsletter

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

article thumbnail

RAG (and BRAG) status and how to use them on projects

Rebel’s Guide to PM

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.

article thumbnail

Understanding RAG in Project Management

Rebel’s Guide to PM

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).

article thumbnail

Gate Reviews: What Project Managers Need To Know

Rebel’s Guide to PM

Decision gates are part of empowering decision-making and ensuring the right people make the call as to whether a project progresses (or is closed). The phases of a typical predictive lifecycle are: Idea or concept phase Initiate Plan Execute Close. Then we don’t have another review point until we’re about to close.

Prince2 389
article thumbnail

PMO Establishment & Implementation

Bridge the Gap Consulting

You’ve done the PMO Assessment. Then you created the PMO Business Case. You’ve been to meetings and finally got approval to establish your PMO. Now, I’ve seen PMO Establishment and Implementation called out as two separate steps. Ensure your PMO will properly staffed. Budgeting Control.

PMO 52
article thumbnail

Traits of a PMO Leader

Bridge the Gap Consulting

You’re a PMO Leader! Being a PMO leader has been one of the most challenging and rewarding aspects of my career. Thankfully, I’ve had some really good mentors along the way who showed me being a PMO leader and a project manager are two very different things. So, what are the traits of a PMO leader? Good times!

PMO 52