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.

2020 56

Key Responsibilities of the PMO

Brad Egeland

A project management office (PMO) is an organizational entity usually tasked to centralize and coordinate the management of projects within an organization. ​ A PMO oversees the management of projects, programs, or a combination of both.

2020 126

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

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.

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

New PMO – the Hub of Innovation?

Arras People

Is your PMO the hub of innovation in your organisation? Getting used to a new PMO function is a significant cultural change for any project community. In some cases, compliance may be rewarded by being a gateway to other things such as budget approval. Change management PMO

Just What is the Difference Between Project Support and PMO?

Arras People

There are people who are interested in getting into a project management role and believe that PMO or project support is one of the easier ways to do so. People often use the words “project support “and “PMO” interchangeably as if it’s the same thing. PMO project support

PMO 195

How To Secure Your PMO Profitability?

Project-Management.pm

It’s safe to say that Project Management Office ( PMO ) has numerous advantages and the results it impacts to the organization have been effective and helpful. Every existing organization around the globe are swearing by PMO. Over the years PMO profitability seems non-existent. Such occurrence causes the PMO to fall into a disorganized chaos that disrupts the flow of the project. PMO Profitability Problem #1: The PMO is a progeny of a defective executive structure.

PMO 78

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 114

Four Key Elements of a Viable PMO

Brad Egeland

Here I've outlined what I believe to be the four key elements of project management office (PMO) success. Follow these four key elements and the likelihood that your PMO will be viable will increase drastically. The PMO must focus on hiring good, experienced project managers.

2020 102

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 105

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.

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

How to Achieve Results Through Implementing PMO?

Project-Management.pm

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 will boost all the agency’s structures and that includes the results that they will deliver. Implementing PMO Step#1: Evaluation . Implementing PMO Step#2: Planning.

PMO 69

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).

PMO 78

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. This is a collection of tips to help you advance your skills, mitigate risk, and address challenges head-on to advance your newly created PMO.

PMO 83

Three Key Takeaways from PMO Symposium 2019

Keyedin

PMO Symposium 2019 was held earlier this month in Denver, CO. This intense four-day event was packed with insights on building an adaptive, future-ready PMO. With the PMO currently under attack, the way a company must operate in the digital marketplace is by being more agile and open to consistent change. In doing so, your PMO can become the company’s ally in transforming itself into an adaptive, fast, flexible and competitive industry leader.

2019 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

IT PMO - KPI Dashboard for PMO

Techno-PM

PMO KPI Dashboard - Excel While more and more IT organizations have a project management office (PMO) in place nowadays, the percentage of IT PMOs which are terminated after just a brief period of time is far from encouraging. Work just with metrics your PMO can influence or action.

PMO 36

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

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. Not in the way leadership might characterize it, but because you’re not spending time developing your own PMs or PMO leaders to communicate well, in the right way, to executive stakeholders and sponsors.

5 Key Reasons Why You Need a PMO

Keyedin

Well a PMO is a great place to start, helping you to standardize processes and drive up project success rates. Here are the top 5 reasons why you need a PMO. Projects often come in late or over budget and fail to meet the objectives.

PMO 95

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 78

PMO Leaders: Creating Executive Conversations that Convert

Keyedin

Convert your executive sponsors and leaders to staunch supporters of your PMO. If your leadership team does not understand your PMO capacity and corresponding strategy, they may have a difficult time trusting you with their most crucial business goals. Not in the way leadership might characterize it, but because you’re not spending time developing your own PMs or PMO leaders to communicate well, in the right way, to executive stakeholders and sponsors.

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 36

IT PMO - KPI Dashboard for PMO's to Deliver Best Value

Techno-PM

PMO KPI Dashboard - Excel While more and more IT organizations have a project management office (PMO) in place nowadays, the percentage of IT PMOs which are terminated after just a brief period of time is far from encouraging. Work just with metrics your PMO can influence or action.

PMO 36

How One Global PMO Team Member Solved the Spreadsheet Challenge

Planview

As a global PMO team member for the world’s leading aviation trade organization, his work days are often extremely stressful. Having finally had enough of the spreadsheet chaos within his PMO and the larger organization, Giorgos decided to make a change. Lean and Agile PMO

PMO 78

5 Key Reasons Why You Need a PMO

Keyedin

Well a PMO is a great place to start, helping you to standardize processes and drive up project success rates. Here are the top 5 reasons why you need a PMO. Projects often come in late or over budget and fail to meet the objectives.

PMO 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.

PMO 60

Crystal-Clear Reporting Enables Your PMO to Deliver Value

Keyedin

Effective reporting—the intel from the field that gets distilled into cogent parcels for the right internal audience—is the lifeblood of a PMO. The organization is counting on the PMO to provide a level of company-wide visibility that didn’t exist before.

PMO 78

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

For any Program Management Office, it is extremely important that you are able to show how your PMO delivers tangible and meaningful business benefits. Deliver programs on-time, within budget and according to scope. Increase the awareness of the value of the PMO and PPM process.

PMO 78

Why do you need a PMO??

The Squad Report

I am often asked, "Why do we need a PMO?" If we have Project Managers then why do we need a PMO. The results are missed deadlines, budgets exceeded and requirements missed. So why do we need a PMO? We need a PMO so ALL team members know which tools will be used.

PMO 52

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. Monitoring and controlling project expenditure to adhere to your budget.

Give Your Organization the PMO Edge – Become a Certified PMO Developer

Brad Egeland

An organization can certainly operate a PM infrastructure with a dedicated project management office (PMO). that can help you get on the fast track to creating an center of excellence for your PMO by training you to become a Certified PMO Developer.

PMO 105

Project Managers – Stay Active in Isolation

Arras People

The relatively high availability of people during recessionary periods means employers don’t have to try too hard to attract new workers; the ability to be choosy means many look for a 120% fit from a candidate as they have no budget to invest in training. PM Careers Advice PMO

2020 273

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

Crystal-Clear Reporting Enables Your PMO to Deliver Value

Keyedin

In the case of the PMO (project/program management office), this reporting means a better enterprise view of resource usage, a cycle of improvement on project processes, the ability to intervene at the right time for struggling projects, and greater likelihood that the program is held to the desired budget and scope parameters. Effective reporting—the intel from the field that gets distilled into cogent parcels for the right internal audience—is the lifeblood of a PMO.

PMO 60

Three Ways to Transform Your PMO Into a Strategic Powerhouse

Keyedin

It’s proven that managing portfolios better creates cost efficiencies and helps companies complete more projects to specifications and to budget requirements. Transformed Performance: Let’s face it—when you’re prey to overruns and drastically hobbled by poor resource deployment, your PMO isn’t performing the way it should. Our solution allows you to clearly see your PMO metrics for the first time.

PMO 60

PPM Benefits for the Project Management Office

Arras People

One key role player in that scenario is the project management office (PMO) for many larger and more established organizations and project management infrastructures. That usually means the PMO director, leader or some senior project manager generally charged with overseeing this unit.

2018 222

Three Ways to Transform Your PMO Into a Strategic Powerhouse

Keyedin

It’s proven that managing portfolios better creates cost efficiencies and helps companies complete more projects to specifications and to budget requirements. Transformed Performance: Let’s face it—when you’re prey to overruns and drastically hobbled by poor resource deployment, your PMO isn’t performing the way it should. Our solution allows you to clearly see your PMO metrics for the first time.

PMO 60

A Step-By-Step Guide to Improving Your Resource Management

The IIL Blog

To be successful, they must be able to evaluate and allocate resources necessary to complete deliverables on time, with quality, and without exceeding the budget. Once project priorities have been clarified, take adequate time to estimate schedules and budget.