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.

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PMO Governance Government Budget 52

Henny Portman

JANUARY 3, 2024

This new IPMA standard defines the competences for the individuals working in PMO. A PMO has three main activities: Design – the creation, establishment and maintenance of standards, processes, procedures, and tools that define how work should be done inside. Can a PMO employee not be a portfolio manager or portfolio analyst?

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Project Risk Coach

FEBRUARY 7, 2022

First, organizations implement PMOs with a lack of clarity. Why does the organization need the PMO? What is the role of the PMO? How will the PMO engage with the senior leaders? Second, the PMO fails to ask for feedback and incrementally evolve. How PMOs Can Become Strategic Enablers 1.

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PMO Underperforming Technical Team Risk Management Energy 457

WorkOtter

OCTOBER 8, 2019

“How do you sell management on the relevance and importance of the PMO to the organization?”. This is one of the top questions pondered by the majority of PMO leaders I have met in the workshops I have presented over the years. To do this the PMO must become aligned with the organization’s strategies, goals and objectives.

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PMO Governance Government Monitoring 60

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.

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Rebel’s Guide to PM

APRIL 18, 2024

The formulation of business cases, risk and problem management, cost control, project scope, budgeting, and schedule management are among the fundamental skills that your apprentices will master in this environment.” Level 3: Project Controls Technician There is also a Level 3 qualification.

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Construction Engineering Certification Controlling 299

Project Risk Coach

OCTOBER 12, 2020

I've also had the joy and the pain of implementing three Project Management Offices (PMOs), two in Information Technology Departments and one Enterprise PMO. Through the years, I've noted many reasons that PMOs fail or struggle. It's rarely just one thing; it's usually a combination of things. Here is a list of causal factors.

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Technical Review PMO Leadership Information Technology 269

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!

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PMO Finance Budget Executing 52

Rebel’s Guide to PM

FEBRUARY 2, 2024

Worst case, you’ll find out that there are hardly any plans, documents and methods of control over the work. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Action if there is no budget plan or information: Back to the PMO or your Finance team. How do you spend it?

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PMO Governance Government Budget 303

Project Pulse Journal

APRIL 25, 2024

A Project Management Office (PMO) isn't just about oversight; it's about empowering your projects to deliver real value. A well-implemented PMO can transform your project delivery process , ensuring that every project is set up for success from the start. Discover how a PMO can be a game-changer for your organization.

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Rebel’s Guide to PM

MARCH 14, 2024

65% of experts see AI as a catalyst for implementing advanced project management strategies. 25% of PMO directors say that AI has disrupted their PMO ( Capgemini ) – and I’m sure that number will only continue to rise. 28% of project professionals say lack of a clear strategy is the main barrier to adopting AI tools at work.

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Artificial Inteligence Technical Review 2028 2024 372

Project Pulse Journal

APRIL 23, 2024

Continuous improvement equips you with the tools to achieve this, helping your strategies evolve with every project, quickly adapting to new obstacles, and setting industry-leading standards. This controlled environment is great for experimenting and quickly implementing learnings without the risks associated with major projects.

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Technical Review 2024 Innovation Sustainability 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.

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PMO Executing Finance Risk Management 52

Rebel’s Guide to PM

MARCH 12, 2022

A gate review is a control point that acts as a go/no go decision point for the work. Gates allow you to transition between stages in a controlled way. The PMO will specify the route your project has to follow. Ready to find out more about this helpful governance technique? What is a gate review? Benefits of gate reviews.

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Prince2 Governance Government PMO 396

Rebel’s Guide to PM

JANUARY 23, 2023

A risk audit can look at: Project-specific risk policies and guidelines The risk management plan The risk management and mitigation strategies chosen for each identified risk Whether the right risk owners were chosen and how effective they were Effectiveness of risk response plans and whether the right actions were done.

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Risk PMO Risk Management Governance 397

Strategy Execution | PMO Perspectives

JUNE 1, 2020

After some tapping on their laptop, they proudly showed me their new corporate webpages, proclaiming their ‘strategy’, ‘vision’ and ‘mission’ statements. [1] All we need to do now is execute that strategy! Strategy is not hard to understand: Where is our chosen market? Executives must develop a clear strategy.

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Rebel’s Guide to PM

APRIL 17, 2023

Closing down a project early is very different to carrying out a controlled close when a project has reached its natural conclusion and delivered everything that stakeholders were expecting. Was there an external factor that was out of your control? It’s more emotional, for one thing. Should we just give up on it?

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Planview

SEPTEMBER 9, 2019

The Zombie-PMO apocalypse is here. Executives are expecting more from PMOs than ever. They must drive digital transformation and fuel growth strategies by delivering complex programs across the organization at speed. But there is one problem…PMOs are finding it very hard to adapt. Are you able to escape this epidemic?

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PMO Innovation Governance Government 98

MPUG

NOVEMBER 10, 2019

Traditionally, the department managing the flow of projects, including innovation initiatives, is the Project or Portfolio Management Office (the PMO). According to the Project Management Institute, 71% of companies have a PMO, a steady rise over the past ten years. The post The Need for an Innovative PMO appeared first on MPUG.

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Rebel’s Guide to PM

MARCH 18, 2021

The 9 types of artifacts are: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. Strategy artifacts. The first category is documentation that relates to strategy and project initiation. Logs and registers.

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Logistics Artificial Inteligence PMI Performance Measurement 509

The Strategic Project Manager

OCTOBER 15, 2021

The Blue Ocean Strategy framework is unique in that it incorporates execution into the strategy. By contrast, most strategy frameworks are just that – strategy, and strategy alone. One of the ways that Blue Ocean Strategy incorporates execution is through its approach to leadership.

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Strategy Execution | PMO Perspectives

MAY 28, 2020

Schedule and Cost Control Starts with Good Estimates. Having Controls Doesn’t Mean That You’re in Control. Of course, no project team allows multiple issues to escalate on purpose, however just because there are project controls in place does not mean that the project is in control.

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Controlling Estimate 2014 Underperforming Technical Team 59

Project Risk Coach

MARCH 29, 2021

Your project may morph into a two-headed monster without an integrated change control process, resulting in adverse impacts to schedule, cost, and scope. The sponsor has the perspective of how the project aligns and supports the organization's mission, goals, and strategy. Change Control Board. If not, here are three options.

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Bridge the Gap Consulting

JANUARY 12, 2023

Why do you want a PMO? That’s a hell of a question to ask when you’re the consultant asking a client why they want to start a Project Management Office (PMO). Yes, they’d read about a company in the same industry that stood up a PMO and was successful. ” PMO was born. Sounds like sunk costs to me.

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ProjectManager.com

NOVEMBER 30, 2023

This will include an accurate estimate of decentralized IT spending and shadow IT spending, the former being the distribution of functions, control and information, while the latter is IT-related hardware and software use without the knowledge of the IT department. Construction tends to have the smallest IT budgets.

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Budget Software Review Infrastructure Monitoring 343

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. Strategy artifacts The first category is documentation that relates to strategy and project initiation.

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Logistics Artificial Inteligence PMI Performance Measurement 258

Rebel’s Guide to PM

JUNE 24, 2020

Worst case, you’ll find out that there are hardly any plans, documents and methods of control over the work. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Action if there is no budget plan or information: Back to the PMO or your Finance team. 1: Check Your Role.

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PMO Governance Government Budget 505

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. Helps You Control Operational Costs Workforce planning can reduce labor costs through more effective deployment and flexibility as well as responding to customer needs.

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Planning Estimate Risk Management Budget 342

Project Risk Coach

AUGUST 24, 2020

Mike was a functional project manager in an organization where I managed a PMO. Some project managers wait until things are out of control before they exercise risk management. Rather, they simply were unaware of new strategies, processes, and projects. He was winsome and a hard worker. Failure to identify risks early.

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Strategy Execution | PMO Perspectives

JUNE 20, 2019

Last week it was the fifth PMO Conference in London. With over 400 PMO practitioners from around the globe and over 20 sessions to choose from, there’s a lot to learn about where PMO is heading right now. Staying with the reporting theme, data analytics will be a game changer for the PMO in the coming years.

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PMO 2019 Artificial Inteligence Agile 49

Inloox

APRIL 27, 2017

A PMO has various functions and purposes: It’s responsible for establishing and maintaining standardized processes, methods and policies in the organization and to make sure that projects align with the organizational business strategy. However, there are three fundamental types of PMOs which you can find in a lot of organizations: 1.

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Rebel’s Guide to PM

SEPTEMBER 24, 2023

There are many reasons for this, including that the business environment or strategy may have changed, negating the need for the project. Regardless of the situation, the project can still be closed in a controlled manner. Get a project closure template from your PMO and start looking at what is required to fill it in.

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Rebel’s Guide to PM

JANUARY 24, 2022

More trust, less control (especially in remote teams). What we practice already and more and more companies are adopting is more trust and less control. Virtual Leadership: Practical Strategies for Getting the Best Out of Virtual Work and Virtual Teams. Think about how your PMO teams are rewarded. Buy Now from Amazon.

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2022 PMO Risk Management Artificial Inteligence 484

The Strategic Project Manager

APRIL 7, 2022

This post provides an overview of the Key Resources block on the business model canvas, provides related considerations for organizational strategy, and outlines the impact on project management. Strategy – Ensure the Right Key Resources. I recommend these strategy resources (paid link): —————————————-.

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ProjectManager.com

DECEMBER 13, 2022

This will give you an idea if it’s the right strategy to execute your portfolio management. Lean portfolio management is a process by which strategy is aligned with execution using a lean approach and agile portfolio operations and governance. Control Business Outcomes. The Ultimate Guide to Project Management Office (PMO).

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The Strategic Project Manager

FEBRUARY 9, 2022

Is there a way to boil down strategic choices to three generic strategies? Strategy guru Michael Porter has done just that. This post explores the generic strategies, the pitfalls in choosing one, and their importance to project managers. Overview of Porter’s Three Generic Strategies. The Cost Leadership Strategy.

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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?

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