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

JULY 18, 2023

Here are some examples of lessons learned on my projects: We should engage Finance earlier so leasing arrangements can be made in a timely fashion. There are plenty of different ways to spread what you have learned from your project around the PMO, project managers and teams. Here are 5 ways that you can try.

PMO 322

PMO Software Review Initiating Finance 322

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.

PMO 52

PMO Finance Consulting Leadership 52

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. What’s it like being a project manager in healthcare?

Healthcare 391

Healthcare PMO Finance Certification 391

Rebel’s Guide to PM

APRIL 18, 2024

Whether you want to work in hospitality or construction, healthcare or finance, most large employers have project management teams. I know PMO analysts and IT project managers who have also taken an apprenticeship while already in post, so their salaries probably stayed the same as what they were on before their training started.

Construction 299

Construction Engineering Certification Controlling 299

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

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.

PMO 52

PMO Governance Government 2014 52

Rebel’s Guide to PM

JUNE 24, 2020

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. Action if you can’t find out: Talk to the PMO again. Go back to the PMO, they should be prioritizing initiatives.

PMO 505

PMO Governance Government Budget 505

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. Double-check that the PMO has the lessons too. The easiest way to do this is to talk to the person you’ve been dealing with in Finance and make sure they’ve got everything they need to shut down the project budget.

Closing 419

Closing PMO Budget Finance 419

Rebel’s Guide to PM

AUGUST 26, 2021

I clearly remember being asked who was the Governor of the Bank of England during an interview with a bank – obviously I was faking being interested in the finance sector as I had no clue. My first job applications were a mess. What if you don’t have project-related work experience?

Finance 379

Finance Technical Review Software Review Budget 379

Rebel’s Guide to PM

APRIL 2, 2023

But I understand that not everyone has the finances to buy templates or invest in training. Personally, I’d like to think that your PMO will purchase the templates that you need to use, or that your manager will let you buy templates on their corporate credit card. And training to choose from.

Prince2 387

Prince2 PMI Certification Software Review 387

Rebel’s Guide to PM

FEBRUARY 5, 2024

Don’t routinely put these costs in your project budget – if you have any doubts or you think they (or some of them) should go in, check with your finance team. Alternatively, your PMO may have guidance and templates for project managers required to plan, forecast and track spending. Let’s look at those next.

Budget 307

Budget Project Cost Estimate Finance 307

Planview

SEPTEMBER 9, 2021

Planview’s Chief Product Officer, Louise Allen, moderated an engaging, in-depth conversation with these customers: Hiren Shah – Johnson & Johnson – Global Finance Transformation, Sr. J&J’s Global Finance Transformation. Some groups are working in LeanKit, and the PMO is starting to pilot it.

Finance 148

Finance Executing PMO SCRUM 148

Planview

APRIL 18, 2019

In my last blog, “ Agile Transformation: The PMO’s New Paradigm ” we covered the significance of embracing different types of work and the role that continuous planning plays in becoming an Agile PMO—but that’s only the beginning. Project schedules can no longer be the PMO’s core focus. Redefine Success.

PMO 106

PMO Lean Finance Agile 106

Rebel’s Guide to PM

JULY 9, 2021

Summary review of Sciforma: Sciforma is a PPM tool that has powerful portfolio management features and will level up your PMO. The point of a business case is to help people come up with a timeline for the project and to help executives make the right decisions about finance. Website: [link]. Sciforma Overview.

Software Review 392

Software Review 2021 PMO Project Life Cycle 392

ProjectManager.com

NOVEMBER 30, 2023

You can’t manage your IT finances without an IT budget. If the organization has a project management office (PMO), it’ll be part of the IT budget-making process, but even leaders in different departments who use IT should be part of the IT budget decision-making process. What Is the Importance of IT Budgeting?

Budget 345

Budget Software Review Infrastructure Monitoring 345

Scrum.org

FEBRUARY 27, 2023

For example: PMO or Finance department in a company can affect how the budget has been used, this can impact how much we can build. They play a huge role in the success and failure of the products. Stakeholder: ‘anyone who is directly/indirectly affects the decision making OR directly/indirectly related or affected by decisions taken’.

Influencer 199

Influencer Finance PMO SCRUM 199

The IIL Blog

JULY 26, 2023

The project management office (PMO) originated to align all projects with standard operational procedures. Within that framework, PMOs vary in degree of authority, from passive to active. Every PMO should ensure the provider is aligned with project objectives.

PMO 78

PMO Technical Review 2023 2017 78

Techno-PM

OCTOBER 23, 2018

Project Kick Off You have defined the strategy and objectives of your Project Management Office (PMO). You even wrote a PMO Charter. You have plenty of work to do, would love start issuing nice monthly portfolio dashboards right away and seeing stuff happen in your PMO. This is a serious moment, the PMO is ready to kick-off.

PMO 31

PMO Finance Closing Defining 31

The Squad Report

FEBRUARY 28, 2018

Setting up a Project Management Office (PMO) can appear to be daunting. Identify why a PMO is needed in your organization / department. If you want your PMO to be accepted by your organization, and get its permission to exist, you must focus on determining why your PMO is really needed. And let’s not kid anyone.

PMO 45

PMO CTO Hire Fractional CTO Infrastructure 45

Scrum.org

APRIL 10, 2023

Internal or External governance such as Finance, Legal, PMO, Risk, and Audit may fall into the category. High Influence Low Interest: This group is generally not interested in the details of the Product but wants to know if everything is going alright.

Influencer 210

Influencer Governance Government Consulting 210

Rebel’s Guide to PM

JUNE 11, 2018

I think if you want to overcome the C-Suite concerns, then you really need to be asking for any project or PMO how does this link to the incoming expenditure or profit loss? It says, “They see the PMO as a Panadol, not an antibiotic.” Elizabeth: Tarik’s left another comment now, let me bring that up. Elizabeth: Yes.

PMO 177

PMO Finance Budget Consulting 177

The Lazy Project Manager

JUNE 22, 2017

Leads, and is aided by, the PMO. They experience the company as broadly as possible with experiences in finance and in sales and in marketing and in manufacturing and even sometimes in services perhaps. Sadly, I have yet to see a future ‘C’ work their way through the project arena, the PMO, the project management practise.

PMO 130

PMO 2014 Finance Leadership 130

Planview

APRIL 15, 2020

Nearly 70 percent of finance leaders are taking cost containment measures and considering postponing or canceling planned investments, according to PwC’s COVID-19 CFO Pulse Surveys (March 30, 2020 and April 13, 2020). EPMOs and Finance, together, can ensure the leadership team is making the best decisions now and for the future.

Planning 109

Planning Finance 2020 Executing 109

Scrum.org

APRIL 2, 2023

For example: PMO or Finance department in a company can affect how the budget has been used, this can impact how much we can build. They play a huge role in the success and failure of the products. Stakeholder: ‘anyone who is directly/indirectly affects the decision making OR directly/indirectly related or affected by decisions taken’.

Innovation 194

Innovation Finance PMO Budget 194

Planview

MAY 4, 2020

Does your PMO provide the project visibility and insights required to help the organization deliver on strategy? For some PMOs, project visibility is limited to just project status. The Savvy PMO extends visibility and reporting to six key areas: Project Status and Health. Planned versus Actuals. Intake and Demand.

PMO 107

PMO Budget Risk Management Finance 107

The Lazy Project Manager

AUGUST 1, 2017

Perhaps we might begin with the PMO. Since PMOs lead the project management community – either directly or indirectly, according to your PMO model (see appendices) – then by considering what the best PMOs offer we can gain some insight and see that: The best PMOs have consistent, repeatable PM practices across the enterprise.

PMO 186

PMO 2014 Lean Leadership 186

Kiron Bondale

SEPTEMBER 4, 2017

Rather than having business executives, finance analysts and PMO staff spending weeks coming up with the perfect roster of projects for the next year only to realize a month or two into the year that their plans have been disrupted by domino effect delays, new priorities or resource shortfalls, portfolio planning needs to be an ongoing activity.

Agile 153

Agile Governance Government Finance 153

Rebel’s Guide to PM

NOVEMBER 8, 2021

Companies have different determinations of what range ROM should cover, so your finance team or PMO might have a particular range in mind. Think of ROM as a ballpark figure, a rough estimate, presented as a range that represents the level of accuracy you can justify at the time.

Estimate 388

Estimate Budget Technical Review Software Review 388

Planview

APRIL 24, 2020

We also outlined how EPMOs and finance leaders should work together with the C-suite to make the best decisions possible in both the short and long terms: Part 1: Dynamic Planning and Rapid Reprioritization: Resilience Amid Disruption. PMOs track team progress and ensure that their work is supporting strategic objectives.

Planning 125

Planning PMO Technical Review Budget 125

NimbleWork

NOVEMBER 30, 2023

What is the nature of the PMO and PM functions in your organization? Is the PMO part of IT or reports to the business head? In a recent survey we did, we found that an equal number of organizations have the PMO housed within IT and outside IT. How are your project management related roles changing due to adoption of Agile?

PMI 52

PMI 2023 Technical Review PMO 52

International Institute for Learning

APRIL 12, 2023

Dr. De Acutis is the Finance & Portfolio Strategy Lead for Confectionery R&D and leads a team of highly qualified individuals managing the Finance budgets for R&D Confectionery.

Finance 40

Finance Lean PMO Sustainability 40

Rebel’s Guide to PM

AUGUST 6, 2022

Have as many layers as fits within your PMO methodology. Take minutes, or co-opt someone from the PMO to help. Do I need a project board or a steering group? What you need is adequate governance for the project. Call your meetings anything you like. Circulate an agenda, with the agreement of the sponsor.

Governance 358

Governance Government Risk Management Technical Review 358

Bridge the Gap Consulting

MARCH 11, 2021

But, out of respect for the PMO manager who asked not to be named or have this published until his retirement in March of 2021, I held off. One of my first PMO managers had an Actuary background. He needed to tell a story; what the PMO was doing to advance the company’s goals and the teams involved in making that happen.

Planning 52

Planning PMO Governance Government 52

Planview

AUGUST 7, 2018

You can absolutely approach upper management teams—directors, managers, those in finance—as they are responsible for delivering strategy, but they may be struggling with translating it into actionable plans. But they don’t always hand it off effectively, which presents a huge opportunity for the PMO, especially PMO’s looking to be EPMO’s.

PMO 60

PMO Finance Executing Initiating 60

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. By now you should know who is doing what on the project, so pop them on a hierarchy chart to show the project structure. Roles and responsibilities. Estimating assumptions and methods.

Planning 322

Planning Software Review Risk Management Estimate 322

Planview

JANUARY 2, 2020

Initiatives are often driven by the finance department, because they’re the ones approving annual budgets. The PMO and stakeholders have visibility into flow, blockers, and dependencies; and teams can better coordinate work planning, execution, reporting, and alignment with value streams and strategy.

2019 103

2019 Agile Lean Governance 103