Starting a PMO

MPUG

PMI describes the Project Management Office (PMO) as a strategic driver for organizational excellence. The PMO seeks to enhance the practices of execution management, organizational governance, and strategic change leadership. After two years, the PMO most likely dissolves.

PMO 76

Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

As has been already discussed the reality out there in ‘PMO land’ is that there is not a plethora of wise and experienced PMO managers, directors, leaders, heads, etc., The risk to not doing so is to, at the very least, slow the return on investment of the new PMO down.

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Lean Portfolio Management: Lean Budgets and Investment Funding

Planview

Funding practices—that is, the way budgets are allocated throughout the organization—dictate nearly every business outcome. This is where Lean budgeting comes in. In traditional organizations, funding decisions are project-based, meaning budget is allocated on a per-project basis.

Lean 114

PMO Leadership: How PMOs Can Evolve into Savvy PMOs

Planview

PMO leadership today is about more than being a purveyor of governance and delivering projects on time and on budget. The Savvy PMO fosters organizational agility, cultivates efficiencies, and drives growth strategies. The Journey to Becoming a Savvy PMO.

2020 112

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities.

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.

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). Portfolio Governance and Oversight.

PMO 101

4 Steps to the Successful PMO

Brad Egeland

Not all organizations require the level of oversight, structure and management that a project management office (PMO) will bring to an organization. Put a PMO Director in charge. Hire a PMO director. Make sure senior management is behind the PMO project.

2020 131

How to Achieve Results Through Implementing PMO?

Project-Management.pm

Various government agencies have been the successful producing result for the past years, thanks, to adhering to mandatory policies. However, the survey shows that not all government agencies are living up to their expectations being set on them; some are behind on schedule when it comes to projects and has a hard time to even achieve their objectives because of that. Implementing PMO is the key to combat such issue. Implementing PMO Step#1: Evaluation .

PMO 69

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. Is joining a PMO a good career move? Will I be stuck if I go into the PMO?

PMO 107

Healthcare PMO: BCBS Roundtable Exchanges Thought Provoking Ideas

Planview

A healthcare PMO today must have a strong constitution. 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 Charter Template

Techno-PM

What is a PMO Charter? A PMO Charter is one of the most important documents in the life of a Project Management Office. Project charters formally recognize the existence of projects in an organization, the PMO Charter legitimizes the existence of the PMO before the business.

PMO 58

A Real-World Success Story: New Zealand Government Improves Project Delivery

Planview

Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. The New Zealand Government Case Study. Customer Success PMO Case Study

What Is a PMO? PMO Meaning and Examples

Teamweek

In the last decade, more and more corporations have developed a project management office (PMO) to benefit their business. To get started, you’ll want to learn more about PMO examples, how to set one up, and how to train your employees. What Is a PMO? PMO Examples.

PMO 52

5 Characteristics of A Successful PMO Leader

Planview

Maybe you’re part of a newly-minted project management office (PMO). Or perhaps you’re a tenured PMO leader and looking to refine your skills. You’re valiant and ready to spearhead the challenges ahead for developing process and governance. Your organization is transforming.

PMO 83

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

The program management office (PMO) can demystify project management processes and ensure both a strategic and tactical approach that is holistic and gets the most value from your projects. As business partners, your PMO teams will need to exhibit strategically-impactful results.

PMO 101

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

Become an Adaptive PMO: Advance Agility Across Planning and Delivery

Planview

Success requires becoming a more “Adaptive PMO,” evolving how you plan, govern, and empower delivery teams to do their best work. Since every organization is different, you need to find your PMO’s optimal path to facilitate agility and deliver strategic outcomes faster.

2020 78

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. Governance.

PMO 60

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. What is not negotiable is the budget. The governance considerations for project cost management. Determine Budget.

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]. Hyper-speed Revisited: The Role of the PMO in the Agile Enterprise [Webinar]. The Agile PMO: 5 Steps to Driving Agility at Scale [Whitepaper].

PMO 78

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

The recent UK Government’s enquiry into the management of major projects was cut short by world events, but the interim report and oral evidence make for interesting reading. [1] And of course, for our projects and our organisations, we don’t have Governments to bail us out.

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

Planview

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.

2020 91

The Importance of Project Management: Q&A with PMO Leader Robert Kelly

Wrike

We spoke with Robert Kelly, PMO leader and Managing Partner of Kelly Project Solutions, LLC , about the value of project management and the impact it has on business. What are the top issues you face as a PMO leader? I believe there are several challenges facing the PMO leader, which are shared across the organization : 1. Companies must invest in the training of the project managers, client facing tools, and travel budgets to build the relationships. PMO as a Service.

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.

Lean 87

The Commercial Project Manager

Strategy Execution | PMO Perspectives

With only a 8% margin in the original budget, this soon became a loss-making project. This post first appeared on PMO Perspectives Blog. Budget Contract Management Project Management

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

It is an important part of project governance that looks both backwards and forwards. Let’s set aside the very important governance imperative. But what if governance were unimportant to you… or your organization? Senior PMO staff.

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

Planview

The measure of success is typically based on completing projects on-time and within budget. As organizations adapt to new work methodologies, new approaches to planning, funding, and analysis will develop, shifting to ‘just enough’ governance and a more lean approach to portfolio management.

Lean 78

Success in Disruptive Times: PMI’s 2018 Pulse of the Profession

Online PM Courses

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. Government regulation and reform. The PMI has titled its 2018 Pulse of the Profession report: Success in Disruptive Times.

2018 107

The Importance of Training in Earnest

Arras People

At Execview we ensure that your project, programme managers and PMO staff are all fully trained to use our PPM tool by providing a full training package for all users and ongoing support. This level of training ensures that consistency and governance are maintained and auditable.

2019 241

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

5: Review the governance structure. Is there a governance structure ? Action if there is no formal governance: My first point of call would be your project sponsor. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place.

2020 273

How PMOs Can Drive Needed Change During Tough Times

Keyedin

One ally that already exists in most organizations is the project management office (PMO). Your PMO can be your best partner when “business as usual” becomes quite unusual. Why Your PMO Is Your Biggest Ally. Your PMO is your library, your planner, your orchestrator.

2020 85

Why You Should Align Strategy, Financials, and Execution

Planview

Forward-thinking organizations incorporate business processes for governance and decision-making, particularly regarding which investments should be made during the strategic planning process and ongoing checkpoints. Funding and Budgeting. PMO Vision and Trends

Zombie Projects and How to Kill Them

Girl's Guide to PM

lack of governance. Government PMO,” says Derek Huether, an enterprise Agile coach and trainer. “It was a traditional PMO, filled with certified professionals doing very good work in very specific areas of expertise.

2019 240

How to “Brexit Proof” Your Project Strategy

Arras People

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.

10 Places to Get Free Project Management Templates

Girl's Guide to PM

If you are looking for information on project budgeting, check out my blog over at ProjectManagement.com, The Money Files. The Infrastructure & Projects Authority (IPA) arranges and manages project assurance reviews for the UK governments’ complex and high risk projects.

2019 409

How Savvy PMOs Drive Actionable Insights with Portfolio Dashboards

Planview

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.

2020 95

Project Roles & Their Responsibilities

ProjectManager.com

They tend to monitor the budget and hold the purse strings of the project. Project managers are also responsible for managing risk and the budget. Project Management Office (PMO). Sometimes an organization will have a segment devoted to developing a set of standards and policies to govern their project management and to make sure those standards and policies are being followed. Project managers are supported by the PMO. You’ve got a project to do.

2020 187

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs. PMO (Project Management Office) Manager / Director. Like the Portfolio Manager, the PMO Manager establishes processes and procedures for the PMO.

2017 258

Agile Portfolio Management

Arras People

Kicking off its good to have a reminder about what organisations are struggling with when it comes to portfolio management, the pocketbook pulls these out: Difficulty incorporating change and ensuring the right things are done at the right time due to fixed long-term plans and budgets.

Agile 201