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How to Build and Implement a Project Strategy

ProjectManager.com

Project Management Office (PMO): A PMO is responsible for defining and maintaining the standards for an organization’s project management. They help with prioritizing projects, providing governance guidelines and ensure that projects are beneficial to the organization by aligning with larger strategic goals.

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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

This will help an organization assess and improve its project management capabilities by ranking the organization based on five maturity levels: initial, managed, defined, quantitatively managed and optimizing. The goal is to improve organizational processes, but it also addresses project portfolio management.

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Plus many smaller initiatives like organizing staff training, organizing a team building day out, setting up a series of lunch and learns and more. To be honest, I even put my wedding in Microsoft Project. Finding case studies of projects There are lots of case studies available to read about projects.

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Cost Management Basics

ProjectManager.com

At the close of the project, the actual costs that have been collected and documented are then compared to the estimated costs determined at the beginning of the project. This actual versus planned comparison is valuable data for predicting future project costs. What Is the Process of Managing Project Costs?

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Project Budgeting: An Interview with Sol Benady

Rebel’s Guide to PM

The metrics to use include: Current cost Target cost Actuals vs year to date budget Run rate for the project Cost-benefit ratios. When you are looking at the phase of the plan, all projects are cyclical. “If your initial budget was sound then any overruns or additional expenses shouldn’t be a surprise.

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Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

Provide Resources and Direction Allocate resources effectively to support operations, tasks, and activities throughout the project phases and achieve targets for project costs and the whole project scope. Maintain Governance Establish policies and procedures to ensure compliance and monitor adherence to frameworks.

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Officially defined by the Project Management Institute’s Project Management Body of Knowledge (PMI’s PMBOK) as “the plans, processes, policies, procedures and knowledge bases specific to and used by the performing organization,” operational process assets influence the management of a project.

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