Bridge the Gap Consulting

MARCH 26, 2023

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

PMO Finance Budget Executing 52

Bridge the Gap Consulting

APRIL 18, 2023

Now it’s time to create a PMO Business Case and start moving the needle from idea to reality. If you notice, I call it a PMO Business Case, not a PMO Charter. I don’t like the word “charter” when talking about creating PMO’s. Below are some of the key components of a PMO Business Case.

PMO 52

PMO Executing Finance Risk Management 52

Planview

OCTOBER 7, 2020

How w e ll your Proj e ct Manag e m e nt Offic e (PMO) or E nt e rpris e PMO (E PMO ) functions is conting e nt on two things: th e minds e t of e ach of your e mploy e e s and e stablishing a strat e gic top-down proj e ct portfolio cultur e.   Director of IT overseeing strategy and our EPMO.

PMO 78

PMO Underperforming Technical Team Technical Review Executing 78

Rebel’s Guide to PM

MAY 3, 2022

Execution strategy. This section shows how the different teams fit together, who is on the Project Board, how the PMO fits in, who is leading the different workstreams and so on. You need to include an indication of the approved project budget. Here’s the budget tracker spreadsheet that I use. This is the ‘how’.

Planning 320

Planning Software Review Risk Management Estimate 320

ProjectManager.com

JUNE 15, 2021

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. A project can begin and certainly is designed to fail if there first wasn’t a plan devised to see it through, on time and within budget.

Certification 441

Certification Prince2 Monitoring PMI 441

Rebel’s Guide to PM

JANUARY 24, 2022

Virtual Leadership: Practical Strategies for Getting the Best Out of Virtual Work and Virtual Teams. In 2021, Cisco estimated that 82% of consumer internet traffic was video. It’s a way of automating repetitive tasks and it’s having a bit of an impact on the PMO community. Make sure you’re alert to burnout in remote teams.

2022 483

2022 PMO Risk Management Artificial Inteligence 483

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. Sciforma offers projects, portfolio, strategy execution, execution and resource management across the whole enterprise. Budget Management. You can build capex budgets. Website: [link].

Software Review 390

Software Review 2021 PMO Project Life Cycle 390

Project-Management.pm

FEBRUARY 7, 2017

Implementing PMO is the key to combat such issue. With this, PMO will take over various components of the agency such as strategy , quality of the products, and enhancement of resource management. PMO is crucial and a key instrument in for the success of any existing agency. Implementing PMO Step#1: Evaluation .

PMO 73

PMO Governance Government Risk Management 73

Rebel’s Guide to PM

JANUARY 23, 2022

The most obvious are impacts on project success, team performance, budgets and timelines. Not surprisingly for companies in the much larger United States, workplace bullying-related costs are estimated to be over $200 billion. Coping strategies for dealing with workplace bullying. Shane Cowishlaw, writing on Stuff.co.nz

Underperforming Technical Team 195

Underperforming Technical Team Influencer PMI PMO 195

Planview

JANUARY 31, 2019

The following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 2,” written by Jerry Manas. From all the previous six parts of this series, it should be clear that effective estimation is a primary driver of project success, resource planning, and portfolio alignment. Use Your GPS.

Estimate 84

Estimate Technical Review Risk Management Budget 84

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

The IIL Blog

OCTOBER 17, 2023

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

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. Planned versus Actuals. Intake and Demand.

PMO 107

PMO Budget Risk Management Finance 107

Rebel’s Guide to PM

APRIL 15, 2016

It sounds simple – we all know we should do it, but it’s hard to know where to start for a new PMO. Estimating For Success. Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in. Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in.

PMO 150

PMO 2010 Estimate Initiating 150

Planview

MARCH 21, 2019

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. 1) Project Financial Planning/Budgeting. Can you define your organizational strategy in the form of a strategic plan?

Planning 110

Planning Initiating Defining Budget 110

Planio

OCTOBER 23, 2023

If the bricks are in high demand, the manufacturer might raise the price, causing you to exceed your budget. In fact, a 2022 poll found that 53% of companies cited resource management as their biggest project management challenge, beating out other pain points such as misaligned strategy and resistance to change.

Estimate 88

Estimate Underperforming Technical Team Software Review Budget 88

Strategy Execution | PMO Perspectives

MAY 28, 2020

Professor Flyvbjerg’s evidence showed that out of 12,000 major projects studied globally, fewer than half were on budget, fewer than 8% also on schedule, and only 0.5% As expected, it has a 100% record in delivery on schedule, but no Olympic Games has ever met the original budget (mean cost over-run 172%).

Controlling 59

Controlling Estimate 2014 Underperforming Technical Team 59

Planview

JANUARY 8, 2019

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.

Executing 60

Executing Finance Governance Government 60

Planview

JULY 9, 2019

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. Support program execution.

Lean 74

Lean Agile PMO Engineering 74

Rebel’s Guide to PM

APRIL 10, 2017

Execution Strategy. This shows how the different teams fit together, who is on the Project Board, how the PMO fits in, who is leading the different workstreams and so on. You need to include an indication of the approved budget. Here’s the budget tracker spreadsheet that I use. Estimating Assumptions and Methods.

Planning 179

Planning Software Review Risk Management Estimate 179

Bridge the Gap Consulting

MARCH 11, 2021

But, out of respect for the PMO manager who asked not to be named or have this published until his retirement in March of 2021, I held off. One of my first PMO managers had an Actuary background. He needed to tell a story; what the PMO was doing to advance the company’s goals and the teams involved in making that happen.

Planning 52

Planning PMO Governance Government 52

ProjectManager.com

DECEMBER 6, 2023

We’ll also outline the roles of those involved in strategic project management as well as best practices to help you align projects with business strategy. Therefore, the project has a goal, but that goal should also fit into the company’s strategy for success, growth and so forth. What Is Strategic Project Management?

Planning 391

Planning PMO Manufacturing Logistics 391

Planview

JANUARY 2, 2020

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. Budget limitations. Return on investment.

2019 103

2019 Agile Lean Governance 103

Rebel’s Guide to PM

APRIL 10, 2017

Execution Strategy. This shows how the different teams fit together, who is on the Project Board, how the PMO fits in, who is leading the different workstreams and so on. You need to include an indication of the approved budget. Here’s the budget tracker spreadsheet that I use. Estimating Assumptions and Methods.

Planning 151

Planning Software Review Risk Management Estimate 151

WorkOtter

JULY 17, 2023

It ensures that projects are finished on time and within the budget. You’ll also create a budget, identifying necessary resources and estimating costs. Additionally, you should establish communication channels, risk management strategies, and quality control measures. It’s a helpful tool for managing projects.

Risk Management 78

Risk Management Monitoring Closing Executing 78

Wrike

APRIL 25, 2023

A project charter is a brief, formal document outlining the scope, objectives, budget, and stakeholders of a project. Define project timelines: Project charters include an estimated project schedule for the project to be completed. Budget and resource plan A budget and resource plan is a crucial element in a project charter.

Project Life Cycle 36

Project Life Cycle Risk Management Software Review Construction 36

Planview

MARCH 27, 2019

With the right planning process, organizations can strategically manage funding from the initial strategy development to the execution of their initiatives, all the while adapting to change. Further, you’ll be able to identify resource capacity bottlenecks that can impact your portfolio budget and capacity constraints.

Planning 109

Planning Technical Review Innovation Defining 109

Teamweek

JULY 28, 2022

Project management in marketing is the process of organizing marketing campaigns and leading a marketing team to achieve business objectives within set constraints like budget, time, and scope. By not planning and following a timeline, a marketing project often overruns its schedule and budget. What is a marketing project manager?

Leadership 52

Leadership Technical Review Software Review Budget 52

ProjectManager.com

AUGUST 29, 2023

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Learn more about how to use milestones in project scheduling.

Software Review 392

Software Review Underperforming Technical Team Lean Event Chain 392

Rebel’s Guide to PM

NOVEMBER 2, 2023

In the dynamic business environment, companies need accurate estimations for timely decision-making and futureproofing workforce availability against market volatilities. 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.

Underperforming Technical Team 297

Underperforming Technical Team Technical Review Software Review Estimate 297

Strategy Execution | PMO Perspectives

FEBRUARY 21, 2019

Risk management, for instance, has little value if all we do is log the risks and assign ownership and mitigating actions, without subsequently following up and taking these risks into consideration when planning, estimating and executing the project.

Underperforming Technical Team 46

Underperforming Technical Team Risk Management Risk Estimate 46

International Institute for Learning

NOVEMBER 22, 2022

If a project were to fail, and result in the potential loss of a customer, the impact on the firm’s business strategy might not be significantly affected. Being on time and on budget is not necessarily success. Strategic PMOs were created as shown in Exhibit 1 to provide some form of governance for the strategic projects.

2001 79

2001 Governance Government 2009 79

Wrike

AUGUST 22, 2018

The day Lydia Agnese started her new role as PMO manager at Northstar Travel Group, she received some big news. However, big transitions are rarely easy and traditional PMOs will need to find new footholds in this changing environment. We’ll cover several major trends and how PMOs can evolve to meet them.

PMO 50

PMO Agile Controlling Leadership 50

Strategy Execution | PMO Perspectives

AUGUST 1, 2019

Then, with the advent of cloud-based business intelligence and web analytics tools, it became possible for everyone to customise market demand estimations, explore KPIs and to see click-through metrics. This post first appeared on PMO Perspectives Blog. Anytime, anywhere and for free. What, Another Dashboard?

2018 65

2018 Finance PMO Estimate 65

Wrike

NOVEMBER 25, 2016

When starting a project, there are plenty of things to do: planning your schedule, plotting dependencies and milestones, finding the right tools , setting up your budget and allocating recourses. A good finance team can review your budget plan, check your models, and help you with any issues that may arise, like staff rates, formulas, etc.

Consulting 45

Consulting Finance Software Review PMO 45

Wrike

JUNE 11, 2023

This involves identifying their interests, needs, and potential impact on the project, as well as defining strategies to manage their expectations. It also outlines strategies for mitigating risks and contingency plans should they arise. When budgeting for a project, it is important to consider both direct and indirect costs.

Risk Management 36

Risk Management Technical Review Monitoring Budget 36

Online PM Courses

JULY 2, 2018

Organizations that completed 80% or more of their projects on time, on budget, and to meet business intent, and that have high benefits realization maturity. Organizations that completed 60% or fewer of their projects on time, on budget, and to meet business intent, and that have low benefits realization maturity. Underperformers.

2018 65

2018 Technical Review PMI 2017 65