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

MPUG

DECEMBER 2, 2019

A few years ago, I was hired as a Project Management Office (PMO) consultant for a software products company. My assignment was to setup their PMO, implement best practices, and oversee projects for twelve months before handing over the setup to the client. Setting up a PMO is very challenging task. Track a project schedule.

PMO 98

PMO Monitoring Governance Government 98

Project Risk Coach

NOVEMBER 25, 2019

Engage your stakeholders in the estimates. Ask the people that will do the work for estimates. And help stakeholders to understand that there is greater uncertainty in the early estimates. Commit to providing refined estimates as your projects progress. Say what you mean; mean what you say. Work WITH your team.

Influencer 341

Influencer PMO Estimate Initiating 341

Rebel’s Guide to PM

JULY 18, 2023

There are plenty of different ways to spread what you have learned from your project around the PMO, project managers and teams. This is a good way to reach a wider audience with your lessons learned as you can invite members of other project teams or the wider PMO community to come along and hear what worked on your project.

PMO 322

PMO Software Review Initiating Finance 322

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. Use our powerful Gantt charts to estimate your project resource requirements accurately by making detailed project plans. With workforce planning, there are most commonly two types: strategic and operational.

Planning 343

Planning Estimate Risk Management Budget 343

Rebel’s Guide to PM

MARCH 18, 2021

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. Your PMO may define mandatory artifacts: a list of project documents that you must create for each project. Agreements and contracts. What is meant by mandatory artifacts?

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Project-Management.pm

MARCH 25, 2017

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. However, it has its downsides.

PMO 87

PMO Estimate Risk Management Governance 87

Inloox

MAY 8, 2017

The implementation of a PMO is just like any other project. Before you start the project, you should analyze your organization’s current situation and based on these insights create a concept for your PMO. Doing so will help you get the most important stakeholders on board and build a strong foundation for your PMO implementation.

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PMO Estimate Controlling Defining 100

Rebel’s Guide to PM

NOVEMBER 21, 2022

This is a huge advantage for a PMO (even a fledgling PMO in a team that is just getting on the ladder with project management). The time sheet report gives you data by user, tag, month, item and by time estimated, spent, variances, and cost. Workspace reports. It might be easy, but Teamhood is not basic. Yes, really!

Software Review 393

Software Review Software Agile Estimate 393

Planview

JANUARY 24, 2020

Today’s enterprises are increasingly looking to the PMO to boost the bottom line. The Savvy PMO consistently assigns its people to the highest value work and rebalances roles, people, and team assignments to ensure strategic alignment. It’s people first for the Savvy PMO. Focus on Your Key Resources First.

PMO 88

PMO Planning Initiating Risk Management 88

Rebel’s Guide to PM

JULY 20, 2023

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. Your PMO may define mandatory artifacts: a list of project documents that you must create for each project. What is meant by mandatory artifacts?

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

Rebel’s Guide to PM

FEBRUARY 5, 2024

Alternatively, your PMO may have guidance and templates for project managers required to plan, forecast and track spending. Step 2: Populate the template Then, populate your numbers with your cost estimates. Accurate estimates give you an accurate budget. Check that tax is included in your detailed estimates.

Budget 307

Budget Project Cost Estimate Finance 307

Wrike

MARCH 3, 2023

Among those humans are directors of project management offices (PMOs), portfolio managers, and program and project managers. Every PMO is different but they’re all focused on the same thing: success. As any PMO professional knows, project management and project delivery are two different things.

PMO 36

PMO Artificial Inteligence ChatGPT Technical Review 36

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. That spending can come from a range of sources.

Budget 345

Budget Software Review Infrastructure Monitoring 345

iZenBridge

NOVEMBER 26, 2019

As a Project Manager, doing project ESTIMATION is a key responsibility but how often are we able to deliver the project under budgeted cost and time? What will help in this scenario would be the right understanding of estimation tools and techniques. To start with, let’s understand Analogous Estimation, what exactly does it mean?

Estimate 40

Estimate Certification Initiating Risk Management 40

Rebel’s Guide to PM

JANUARY 24, 2022

In 2021, Cisco estimated that 82% of consumer internet traffic was video. I see a day in the not too distant future where you plug your task information into a tool and out pops an estimate, based on the last 12 projects using the same resource and qualitative data on past performance. Think about how your PMO teams are rewarded.

2022 484

2022 PMO Risk Management Artificial Inteligence 484

Planview

OCTOBER 7, 2020

How w e ll your Proj e ct Manag e m e nt Offic e (PMO) or E nt e rpris e PMO (E PMO ) functions is conting e nt on two things: th e minds e t of e ach of your e mploy e e s and e stablishing a strat e gic top-down proj e ct portfolio cultur e.   The initial results – Two steps forward.

PMO 78

PMO Underperforming Technical Team Technical Review Executing 78

Rebel’s Guide to PM

FEBRUARY 12, 2024

Again, lean on the team to put together estimates that are reliable: working with the correct numbers makes everything easier and helps you avoid common scheduling mistakes ! As long as you understand and can explain the figures, you don’t have to crunch them yourself if you trust the reports from your PMO or tools.

Finance 319

Finance Risk Management Budget Risk 319

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?

PMO 52

PMO Underperforming Technical Team Software Review Consulting 52

Project-Management.pm

FEBRUARY 7, 2017

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 Step#1: Evaluation .

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PMO Governance Government Risk Management 73

ProjectManager.com

JANUARY 23, 2024

These responsibilities usually fall under the purview of a project management office (PMO) and can be facilitated by using project management software. Cost Management This process works to better estimate, budget and control costs throughout a project’s life cycle and keep expenditures within the approved budget.

Underperforming Technical Team 337

Underperforming Technical Team Risk Management Software Review Budget 337

Wrike

MARCH 25, 2021

What is an Agile PMO? Aren’t all PMOs supposed to be Agile and support transformative change? Does my organization need an Agile PMO? Keep reading to discover the benefits of Agile development and the specific set of features and organizational structure an Agile PMO offers that regular PMOs simply don’t.

PMO 36

PMO Agile Consulting Leadership 36

Planview

JANUARY 3, 2019

The following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 1,” written by Jerry Manas. Much like a GPS uses satellite information on traffic patterns to calculate the remaining time on your trip, project estimation methods help you maintain a realistic project schedule.

Estimate 60

Estimate Closing Budget Agile 60

Rebel’s Guide to PM

APRIL 21, 2021

They run meetings inefficiently, which results in participant frustration and complaints to VPs of PMO. Instead, he or she provides recommendations and options as well as highlights potential risks to consider in order to estimate a given task. Action items should specify the owner of that item, with a description and the deadline.

2021 479

2021 PMO Executing Risk Management 479

Planview

JANUARY 31, 2019

The following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 2,” written by Jerry Manas. From all the previous six parts of this series, it should be clear that effective estimation is a primary driver of project success, resource planning, and portfolio alignment. Use Your GPS.

Estimate 84

Estimate Technical Review Risk Management Budget 84

ProjectManager.com

DECEMBER 13, 2022

Here you’ll plan from the top down your budget, estimating what funding you’ll need with cost-management planning. Demand, whether operational or from a customer request, should be prioritized against your strategic priorities and carried out after reviewing the estimated cost and benefits expected. Manage Demand. Manage Demand.

Lean 331

Lean Software Review Manufacturing Governance 331

Inloox

JULY 30, 2020

Fixed scope, estimated schedule. Fixed schedule, estimated scope. The PMO Series (5): The PMO as the Driving Force of Agile Transformation. You can easily distinguish between traditional and agile project management approaches by some project-specific characteristics and features: Traditional PM. Organization.

Agile 151

Agile PMO Estimate Defining 151

ProjectManager.com

FEBRUARY 7, 2019

Lindsay Scott is the director of Manchester, UK-based PMO Learning Limited which is dedicated to helping PMO professionals get the most out of their careers with training and organizational development opportunities. Lindsay Scott. Jon Terry .

Consulting 419

Consulting Lean 2019 Leadership 419

Project Risk Coach

MAY 14, 2018

Engage your stakeholders in the estimates. Ask the people that will do the work for estimates. And help stakeholders to understand that there is greater uncertainty in the early estimates. Commit to providing refined estimates as your projects progress. Say what you mean; mean what you say. Work WITH your team.

Influencer 170

Influencer PMO Estimate Initiating 170

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. Make sure that you are thinking realistically about estimates and the likelihood of risk affecting your ability to deliver.

Software Review 332

Software Review Technical Review Budget Defining 332

Rebel’s Guide to PM

MAY 3, 2022

This section shows how the different teams fit together, who is on the Project Board, how the PMO fits in, who is leading the different workstreams and so on. Estimating assumptions and methods. Record how you are going to create your estimates for the project (time and money) and note any assumptions. In what way?

Planning 322

Planning Software Review Risk Management Estimate 322

Rebel’s Guide to PM

MARCH 19, 2020

Settings: Contains basic task parameters (start/end date, priority, estimate). So task duration can be 1 week but the estimate for effort is 8 hours. The cost column is calculated based on the effort estimate (or fixed cost, if you are using a resource with a fixed cost). You can force a deadline of a certain date. In summary….

Software Review 300

Software Review CTO Hire PMO Estimate 300

LiquidPlanner

DECEMBER 1, 2021

These goals are translated into business unit priorities for each team through estimating planned projects, identifying process changes, and determining the people and resource needs to deliver on the plan. If your organization has a project management office (PMO), this work may be led by them. Accurately Estimating Time.

Planning 156

Planning Estimate 2022 Budget 156

Rebel’s Guide to PM

APRIL 15, 2016

It sounds simple – we all know we should do it, but it’s hard to know where to start for a new PMO. Estimating For Success. Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in. Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in.

PMO 150

PMO 2010 Estimate Initiating 150

ProjectManager.com

NOVEMBER 8, 2022

Resource forecasting is a way to estimate the number of necessary resources to deliver your project successfully. This informs you of job listings or, in the case of a program or portfolio, the skills inventory developed by the project management office (PMO). Want to know why resource forecasting is so important? Keep reading.

Software Review 342

Software Review Underperforming Technical Team PMO Planning 342

LiquidPlanner

AUGUST 2, 2022

When a virtual user is created and the hours remaining are estimated accurately, using the resource workload tab allows the user to view future availability. He has built and led some of the largest PMOs in the world with organizations such as Siemens, IBM, UKG, and now Ceridian, where he is the VP Global PMO.

Technical Review 158

Technical Review Artificial Inteligence Software Review PMO 158

Rebel’s Guide to PM

APRIL 12, 2022

This wasn’t a survey about project portfolio management at the PMO level. Responses ranged from: The numerous enterprise /PMO metrics which are measured on a monthly cycle combined with reporting out to the stock market every 12 weeks. What was initially estimated to take one quarter, ended taking 4.

Underperforming Technical Team 373

Underperforming Technical Team Software Review Risk Management Engineering 373