ProjectManager.com

MARCH 14, 2024

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. Project Management Office (PMO): A PMO is responsible for defining and maintaining the standards for an organization’s project management. This will inform your schedule and budget.

Budget 374

Budget PMO Defining Estimate 374

Rebel’s Guide to PM

FEBRUARY 2, 2024

You can leave the detailed stuff until your review is finished but having something at high level will eventually inform your detailed project planning for the next 6 months. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. 6: Review the budget Is the budget approved?

PMO 303

PMO Governance Government Budget 303

Rebel’s Guide to PM

JULY 24, 2023

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. Think of the ROM estimate as used for informational purposes at the beginning of the project. Because some information is better than none!

Estimate 285

Estimate PMO PMI Budget 285

Project Risk Coach

NOVEMBER 14, 2022

This often comes in the form of completing the project on time, within budget, and within scope. Organizational Structure Type Project Manager’s Authority Project Manager’s Role Who Manages the Project’s Budget? Information Technology) or in a Project Management Office (PMO). There are different types of PMOs.

Risk Management 396

Risk Management Risk Underperforming Technical Team PMO 396

Planview

JUNE 5, 2020

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. Start with this quick-start post to becoming a Savvy PMO. The Journey to Becoming a Savvy PMO.

PMO 142

PMO Leadership Governance Government 142

Bridge the Gap Consulting

APRIL 24, 2023

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

PMO Governance Government Budget 52

Bridge the Gap Consulting

APRIL 11, 2023

My favorite is the PMO assessment. Whether considering standing up a new PMO or revamping an existing, doing an assessment is a key initial step to setting one up. Though there are PMO maturity models, which are all good, I don’t like to talk about those right away. Yeah, I talk about this a lot when discussing PMOs.

PMO 52

PMO Cadence Governance Government 52

Rebel’s Guide to PM

MARCH 14, 2021

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. And we haven’t yet received the mandate to do a deep dive into requirements and scope that would enable more accurate results from the budget forecasting.

Estimate 459

Estimate PMO PMI Budget 459

Bridge the Gap Consulting

MAY 16, 2023

Once your PMO is up and running, operationalizing and doing continuous improvement (CI) go hand-in-hand. Sometimes CI may lead to changes to the PMO’s operations, but you’re only making more efficient something you’re already doing. Here are some aspects of operationalizing your PMO. PMO-Specific Reports.

PMO 52

PMO Cadence Underperforming Technical Team Monitoring 52

ProjectManager.com

DECEMBER 7, 2023

Then you can track the progress in real time to ensure the project is delivered on time and within budget. Therefore, it’s as important to the success of the project as staying on schedule, keeping to your budget and scope as well as delivering on quality expectations. Get started with ProjectManager today for free.

Underperforming Technical Team 342

Underperforming Technical Team Influencer PMO Governance 342

MPUG

MARCH 30, 2020

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. After two years, the PMO most likely dissolves.

PMO 111

PMO Technical Review Governance Government 111

Rebel’s Guide to PM

JULY 28, 2023

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.

Software Review 287

Software Review PMO Risk Management Closing 287

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

nTask

APRIL 7, 2021

This is where the Project management office (PMO) enters the scene. Companies, now, rely on PMO to counter the problems encountered during project management. PMO not only adds to the efficiency of a project but also helps enhance the overall productivity of a team. What does PMO mean? What is PMO?

PMO 133

PMO 2016 Controlling Executing 133

Rebel’s Guide to PM

JANUARY 23, 2023

The project manager , another project manager, a PMO person, or a risk audit person could carry out the audit. Audits are part of internal controls on a project and fall under the governance arena, so if you have specific PMO team members who look at governance, they are the ones to ask. Who carries out the risk audit?

Risk 397

Risk PMO Risk Management Governance 397

Planview

JUNE 28, 2019

Funding practices—that is, the way budgets are allocated throughout the organization—dictate nearly every business outcome. When implementing Lean-Agile practices at scale, organizations quickly realize that their push for agility conflicts with traditional budgeting and cost accounting practices. This is where Lean budgeting comes in.

Lean 103

Lean Budget PMO Underperforming Technical Team 103

Rebel’s Guide to PM

MARCH 12, 2022

Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. The PMO will specify the route your project has to follow. If you are new to the idea or thinking about implementing one for your PMO, here is an example so you can see how it works. Risk management.

Prince2 396

Prince2 Governance Government PMO 396

The Lazy Project Manager

JANUARY 27, 2016

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., and so it is sensible for anyone who is engaged to help an organisation set up a new PMO or advise on improvements to an existing PMO to reach out for some help.

PMO 170

PMO Sustainability 2012 Underperforming Technical Team 170

Rebel’s Guide to PM

JUNE 24, 2020

You can leave the detailed stuff until your review is finished but having something at high level will eventually inform your detailed project planning for the next 6 months. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. 6: Review the budget. Is the budget approved?

PMO 505

PMO Governance Government Budget 505

Rebel’s Guide to PM

OCTOBER 15, 2021

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).

Software Review 370

Software Review PMO Risk Management Closing 370

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

Rebel’s Guide to PM

MARCH 18, 2021

Note: This article was put together before the PMBOK® Guide – 7 th edition was published so the information in it is drawn from publicly available information about what is going to be in the book. The upper levels encompass all the information covered by the lower levels. Visual data and information.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

JANUARY 31, 2024

Also, if you have internal auditors or a Quality Assurance function, or someone in the PMO who can do an informal (or formal) project review, book that in as well. But for planning purposes, in the absence of any other information, I would plan for 3 rounds. But, projects rarely have dedicated budgets for training.

Software Review 332

Software Review Technical Review Budget Defining 332

Rebel’s Guide to PM

JULY 6, 2022

Not you as an individual, not you as a PMO, not you as a group of dedicated project managers. Your PMO should come up with (if they haven’t got it already) a list of the project prioritization categories. You may opt to do the top 10 projects, or as many projects as you can do until you hit your budget of $x. Step 5: Repeat.

PMO 439

PMO Initiating Software Review Executing 439

ProjectManager.com

AUGUST 29, 2023

The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. There may also be some background information about the organization or team tasked to reach this goal. It is also called a Business Case. It includes the plans to fulfill these goals.

Software Review 393

Software Review Underperforming Technical Team Lean Event Chain 393

Project Pulse Journal

APRIL 25, 2024

By: Hajime Estanislao, PMP, CSM Are there projects missing deadlines, going over budget, or failing to meet expectations within your organization? A Project Management Office (PMO) isn't just about oversight; it's about empowering your projects to deliver real value. Discover how a PMO can be a game-changer for your organization.

PMO 52

PMO Governance Government 2014 52

Planview

FEBRUARY 12, 2020

These focus on how the Savvy PMO uses data to not only manage day-to-day operations but also prepare for the future. The right analytics and reporting help you continually align employees to strategic work and build the highest value project and product portfolio based on your resource and budget constraints.

PMO 78

PMO Planning Budget 78

ProjectManager.com

JANUARY 12, 2024

Strategic workforce planning is used by an organization or its project management office (PMO) to achieve its long-term plans. This helps with workforce planning to achieve business objectives but also informs both employee development initiatives and hiring programs. This makes everyone work at capacity and keeps them productive.

Planning 343

Planning Estimate Risk Management Budget 343

Rebel’s Guide to PM

AUGUST 24, 2022

The PMO will want a copy and you should also send one to the project sponsor and any other senior stakeholders. The project closure phase is the time to circulate that lessons learned information again, so it is fresh in their minds when they move on to a new project. Double-check that the PMO has the lessons too.

Closing 419

Closing PMO Budget Finance 419

Rebel’s Guide to PM

SEPTEMBER 29, 2022

Processes are too informal. “Oh, Informal processes cause you lots of problems. An informal attitude might tumble over into a, “I didn’t think it mattered” attitude and suddenly no one remembers why you spent £100k on something as nothing was documented about who signed it off. Fix by: Work with the PMO to review the processes.

Process 377

Process PMO Risk Management Software Review 377

Rebel’s Guide to PM

APRIL 8, 2021

I spoke to Nada Abandah , a project manager in the PMO for the Dubai Health Authority, about what it’s like to work in healthcare during a discussion for the Project Management Club on Clubhouse. The tool you end up using depends what your PMO implements. How do you drive transparency through the projects for financial information?

Healthcare 391

Healthcare PMO Finance Certification 391

Planview

DECEMBER 13, 2019

A healthcare PMO today must have a strong constitution. Not only are they faced with challenges unique to healthcare, PMOs are also going through the trends mentioned in our recent post, “ Conquer Your Business Transformation.” Executives are asking for information from us to drive financial discussions.”.

Healthcare 97

Healthcare PMO Innovation Lean 97

Rebel’s Guide to PM

MARCH 14, 2024

25% of PMO directors say that AI has disrupted their PMO ( Capgemini ) – and I’m sure that number will only continue to rise. Interestingly, project management domains where there is low impact from AI are considered to be stakeholder management, project communication and project budgeting.

Artificial Inteligence 372

Artificial Inteligence Technical Review 2028 2024 372

Epicflow Blog

MAY 12, 2023

And that’s no wonder – an effectively working PMO can streamline a company’s project management processes, improve their outcomes, optimize costs, and facilitate achieving an organization’s business objectives. However, despite their increasing popularity and significance, PMOs face a number of difficulties. Сhallenge #2.

PMO 59

PMO Software Review Executing Risk Management 59

Rebel’s Guide to PM

OCTOBER 10, 2022

As the key decision-making group, they need enough information to be able to make the right decisions without being bogged down in the detail. Again, reuse documents that you have already produced to streamline the effort and ask around to see if your PMO or colleagues have templates that you can use. Your stakeholders are engaged.

Governance 427

Governance Government PMO 2016 427

Planview

MARCH 6, 2020

Executives expect PMOs to be the catalyst for this change. Success requires becoming a more “Adaptive PMO,” evolving how you plan, govern, and empower delivery teams to do their best work. This transition can be uncertain, but Planview is working with PMOs to make it easier as this new video demonstrates.

PMO 78

PMO Agile Planning Governance 78

Rebel’s Guide to PM

JULY 20, 2023

Here’s the list: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. The upper levels encompass all the information covered by the lower levels. Let’s look at each of those in more detail.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258