Remove Finance Remove Governance Remove Performance Measurement Remove Reference
article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

A Project Management Office (PMO) is a centralized department within an organization that standardizes the governance of projects. Controlling PMO Industry Application - A controlling PMO is common in regulated industries like pharmaceuticals, healthcare, and finance. What is a Project Management Office?

PMO 52
article thumbnail

Start with Principles, Not Personal Anecdotes

Herding Cats

This model can be produced parametrically (Reference Class Forecasting) or through a simulation (Monte Carlo or Method of Moments is common). . We can estimate the total cost, total duration, and the probability that all the Features will be delivered on the program we are working for the US Government.

Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This notion shows that governance is not considered a requirement for the business. Root Cause: Failure to understand the managerial finance processes of any business seem to create to condition for this question and answer. Don't Do Stupit Things On Purpose. I need an estimate because… I need one to prioritize my backlog.

article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Beyond just time, buffers can cover finances, manpower, and more. By regularly monitoring the consumption of these buffers – whether they pertain to time, resources, or finances – organizations can derive real-time insights into the health and progress of their projects. 5] Once in Red, Always in Red , Albert Ponsteen (2017). [6]

2016 52
article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bookmark this project management glossary and refer to it whenever you come across any project management jargon. Audit: The process of analyzing a project to ensure that it is being governed as intended. Base Date: A date that serves as the reference (or 'base') for the start of a project calendar. All Project Management Terms.

article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Beyond just time, buffers can cover finances, manpower, and more. By regularly monitoring the consumption of these buffers – whether they pertain to time, resources, or finances – organizations can derive real-time insights into the health and progress of their projects. 5] Once in Red, Always in Red , Albert Ponsteen (2017). [6]

2016 52