Remove Budget Remove Governance Remove PMO Remove Process

Starting a PMO


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. Remember, People + Process = Success.

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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


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.

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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

The process won’t even work unless there is manpower involved, as well as methodologies and standards implemented for projects to be delivered successfully. 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. This is one of the purposes of project governance.

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

Online PM Courses

The Stage Gate Process gets too little love from Project Managers. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. Senior PMO staff.

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 129

Is Joining a PMO the Right Career Move for You?


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?

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How to Achieve Results Through Implementing PMO?

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 .

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Healthcare PMO: BCBS Roundtable Exchanges Thought Provoking Ideas


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. It’s an exciting time as we go through the portfolio process.

What Is a PMO? PMO Meaning and Examples


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.

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Why PMOs Fail: 5 Shocking PMO Statistics


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.

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5 Characteristics of A Successful PMO Leader


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.

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Why PMOs Fail: 5 Shocking PMO Statistics


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.

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


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 Stud

The 5 Most Important Business Benefits of a Successful PMO


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.

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Become an Adaptive PMO: Advance Agility Across Planning and Delivery


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


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. Process. 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.

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


M ost people are unaware that not having a proper work management process in place is actually costing them money. . 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. PMO as a Service.

Lean Portfolio Management Operations: An Agile Approach


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.

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The Commercial Project Manager

Strategy Execution | PMO Perspectives

With only a 8% margin in the original budget, this soon became a loss-making project. The original supplier made a successful claim against us because we had not followed the required process or notice periods for contract termination. This post first appeared on PMO Perspectives Blog.

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


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.

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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

Why You Should Align Strategy, Financials, and Execution


The following content is taken from the whitepaper, “Portfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,” written by Jerry Manas. Process Area 1: Strategic Planning and Funding. Funding and Budgeting. Business processes.

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 261

10 Places to Get Free Project Management Templates

Girl's Guide to PM

We'll process your data in accordance with our privacy policy. If you are looking for information on project budgeting, check out my blog over at, The Money Files. You’ve got responsibility for a project.

2019 407

Project Roles & Their Responsibilities

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 188

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. You’d establish processes and procedures that your team would follow.

2017 258

The Risk Management Plan

Project Risk Coach

Let’s look at how to start the risk management process. If you have a PMO, see if they have a risk management template. Standard categories include schedule, scope, quality, and budget. Most of your project problems can be avoided or greatly reduced through risk management.

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Factors Driving Project Management Within An Enterprise Environment


Businesses are continually confronted with the challenge of tying together disparate processes and locations, multiple disciplines, technologies and departments as well as managing non-finite resources and budgets.

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.

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Factors Driving Project Management Within An Enterprise Environment


Businesses are continually confronted with the challenge of tying together disparate processes and locations, multiple disciplines, technologies and departments as well as managing non-finite resources and budgets.

Free Project Status Report Template

Girl's Guide to PM

We'll process your data in accordance with our privacy policy. For example: Budget position. We'll process your data in accordance with our privacy policy. If you are setting up a PMO for example, you’ll want your project managers to use something more formal.

2019 346

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

Check #5: Governance. Is there a governance structure? For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Check #6: Budget. Is the budget approved? Action: Talk to the PMO again. Consider this.

2016 301

Scope Management Plan: Everything You Need to Know

Online PM Courses

It will help you navigate the scoping process, and take full advantage of all of your hard work. One of two outputs of one of six processes of one of 10 Knowledge Areas. Your scope management plan will set out the processes and procedures that will protect you from all these failings.

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

To find out more detail about the requirements process, you can read my post on Software Project Requirements 101: What You Need to Know To Get You Started. Creating the budget. This post provides instructions and a template for creating a project budget.

2017 255

How to connect business strategy with project management

Moira Alexander

To align business goals with project management (PM), leaders from the enterprise project management office (EMPO) or project management office (PMO) need to be involved in strategic planning sessions alongside senior-level management. The second component is leveraging a rigorous portfolio and project management governance process.

Project Manager vs. Program Manager: A Side-by-Side Comparison


Allocate budget. Projects can be funded and initiated faster than most programs primarily since budget , sponsorship and stakeholders are smaller than most programs. Define the detailed budget. Define the detailed program budget. Manage the project budget.

2016 123

How To Make 2018 A Successful Year for Your Projects

Girl's Guide to PM

In 2018, I plan to expand my book, Project Management for Creatives , into a full course, and dive more deeply into resources that guide successful implementation of tools, process and systems in the simplest way possible. He has 20+ years as a project manager and PMO leader.

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