Remove Governance Remove PMO Remove Process Remove Risk

The Risk Management Plan

Project Risk Coach

Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks? How often will you perform risk management activities? Who will own the project risks. If you have a PMO, see if they have a risk management template.

Risk 181

The International PMO standard from AIPMO

Henny Portman

AIPMO is developing the first ‘leading’ international PMO standard based on a combination of research findings and expert knowledge. P3O or IPMA PMO certifications are not comparable to AIPMO’s core certifications in terms of approach, content and outcome. PMO Services and Capabilities.

PMO 70

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Sustain Your PMO: Nine Easy Lessons

The Lazy Project Manager

As has been already discussed the reality out there in ‘PMO land’ is that there is not a plethora of wise and experienced PMO managers, directors, leaders, heads, etc., and so it is sensible for anyone who is engaged to help an organisation set up a new PMO or advise on improvements to an existing PMO to reach out for some help. The risk to not doing so is to, at the very least, slow the return on investment of the new PMO down. P = Process.

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

The process won’t even work unless there is manpower involved, as well as methodologies and standards implemented for projects to be delivered successfully. IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. This is one of the purposes of project governance.

How To Secure Your PMO Profitability?

Project-Management.pm

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. Such occurrence causes the PMO to fall into a disorganized chaos that disrupts the flow of the project. PMO Profitability Problem #1: The PMO is a progeny of a defective executive structure.

PMO 78

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. If those conversations aren’t happen ing, the project may end up with an ineffective escalation and decision-making process. Creating a smooth escalation and governance process.

PMO Leadership: How PMOs Can Evolve into Savvy PMOs

Planview

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. The PMO leadership journey to becoming a Savvy PMO builds on a collaborative approach to adapt processes, support multiple work methodologies, and relook at their toolset. Start with this quick-start post to becoming a Savvy PMO.

2020 92

Top Ten PMO Themes 2019

Strategy Execution | PMO Perspectives

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. Strategy Execution were there catching up with PMO practitioners and discussing the latest challenges PMOs are facing today. Staying with the reporting theme, data analytics will be a game changer for the PMO in the coming years. Agile for the PMO.

2019 46

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

The Stage Gate Process gets too little love from Project Managers. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. What is a Stage Gate Process? The Stage Gate Process examines your projects at key decision points in its lifecycle. It is an important part of project governance that looks both backwards and forwards.

5 More Advanced Training Options for the PMO

Strategy Execution | PMO Perspectives

Back in 2015, we took a look at the five advanced training options for people working in PMO. Four years on and a few things have changed in the PMO field. There is now another PMO certification option available alongside P3O from AXELOS and the PPSO ones from BCS, both of which feature in the last article. The AIPMO has introduced deeper learning for PMO practitioners – for practitioners at different stages of their career.

PMO 51

5 Characteristics of A Successful PMO Leader

Planview

Maybe you’re part of a newly-minted project management office (PMO). Or perhaps you’re a tenured PMO leader and looking to refine your skills. You’re valiant and ready to spearhead the challenges ahead for developing process and governance.

PMO 83

Is Joining a PMO the Right Career Move for You?

LiquidPlanner

Project managers wonder where the PMO fits in their career as many project managers are rewarded with more projects and higher complexity and scope—not detours into process, methodology, and compliance. If you are a PM who has considered a PMO assignment, you may have asked yourself these questions: Where does the PMO fit in this career path? Is joining a PMO a good career move? Will I be stuck if I go into the PMO? Five Reasons to Join a PMO.

PMO 81

A Real-World Success Story: New Zealand Government Improves Project Delivery

Planview

Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. New Zealand Government, like many other government agencies, was tasked with overcoming these obstacles to develop and manage project and investment portfolios to grow the economy to deliver greater prosperity, security, and opportunities for all citizens.

How Do You Prioritize Your Work as a Savvy PMO?

Planview

Do you have a process to figure out what to do first or to identify the work that will bring the most value to the business? First, let’s acknowledge that it’s not easy to establish an effective prioritization process when your PMO and teams are in high demand. This disconnect points to the struggle PMO directors face to identify and enact an effective prioritization process. But we’ve pulled together a list of steps to follow to make the process much easier.

PMO 70

Combining Waterfall and Agile in SAFe

Arras People

Agile and Waterfall processes are not generally considered something that should be mixed. But in reality even as these organizations become larger and their customer base expands, they will encounter customers, excellent on-boarded resources, and other vendors and stakeholders who require – for various reasons – a Waterfall delivery as opposed to an Agile process. It may be a government requirement, or may just be a lack of Agile comfort, adoption, and familiarity.

Agile 224

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

The program management office (PMO) can demystify project management processes and ensure both a strategic and tactical approach that is holistic and gets the most value from your projects. Here are five business benefits your PMO can quickly attain when effectively aligning PPM and PM initiatives with corporate strategy. Once visibility gets everyone aligned behind real-time facts, you’re more likely to be aligned behind overall PMO goals.

PMO 78

5 Major Benefits of Adopting an Effective Project Portfolio Management and PMO Initiative

Keyedin

In this post we explore the five major types of benefits to be gained by adopting an effective Project Portfolio Management/PMO strategy. Minimizing the risks to individual projects in terms of business impact. Proving the value of the PMO to important stakeholders – in terms that are important to them. Our first bucket of PMO benefits concerns its ability to drive better business decisions. 2 Minimize Risk.

5 Major Benefits of Adopting an Effective Project Portfolio Management and PMO Initiative

Keyedin

In this post we explore the five major types of benefits to be gained by adopting an effective Project Portfolio Management/PMO strategy. Minimizing the risks to individual projects in terms of business impact. Proving the value of the PMO to important stakeholders – in terms that are important to them. Our first bucket of PMO benefits concerns its ability to drive better business decisions. 2 Minimize Risk.

Some thoughts on Setting up a PMO

Jez Lister

I first came across the Project Management Office or PMO concept twenty-five years ago whilst working as a project manager for a large systems integrator. Most of my colleagues – myself included were initially unclear about the purpose of the PMO and assumed that we were all to be relocated to new offices. Eventually we all realised that the PMO was there to formalise previous reporting and administrative arrangements. PMO Types. PMO as a Service Provider.

2015 40

Do You Know the Added PMO Value with Integrated Security Management??

Brad Egeland

PMOs can play a key role in financial services organisations when they need to manage governance, risk and compliance through integrated security management. ​PMOs will develop, own & maintain processes for governance, risk management and compliance for an integrated security management programme. Read the full article

2016 70

Is Your Strategic Project at Risk Due to Poor Implementation of Proven Project Management Practices?

Strategy Execution | PMO Perspectives

The Project Management Institute also reports that in the projects that were deemed failures, the following causes were contributing factors: change in project objectives (37%), inaccurate requirements gathering (35%), inadequate vision or goal for project (29%), failure to identify opportunities and risks (29%), inaccurate cost estimates (28%), and poor change management (28%) amongst others. Project managers need to make risk management part of their weekly routine.

2019 42

The Importance of Project Management: Q&A with PMO Leader Robert Kelly

Wrike

M ost people are unaware that not having a proper work management process in place is actually costing them money. . We spoke with Robert Kelly, PMO leader and Managing Partner of Kelly Project Solutions, LLC , about the value of project management and the impact it has on business. What are the top issues you face as a PMO leader? I believe there are several challenges facing the PMO leader, which are shared across the organization : 1. PMO as a Service.

From Traditional to Non-Traditional Projects

The IIL Blog

The Growth of Nontraditional Projects: Singular methodologies provided the executives with the command and control they desired but there were some risks. As the need for more flexibility in project management took hold, changes began to appear in the way that some of the traditional processes were being used. Changes in Our View of Project Management Processes. However, there were significant power struggles for which executive would maintain control of the PMO.

2018 108

Project Status Reporting – 6 Key Considerations

Project Health Check

The Project should then be reporting its status regularly to senior management via a Status Report, as part of its overarching Governance arrangement. So far so good; but when an organisation is orchestrating its status reporting process, what does it need to consider? We’ve recently been involved in a review and update to the Project status reporting and governance structure for a major organisation with circa 150 Projects live projects at any one time.

2017 192

Project Management Job Titles: Understanding the Types of Roles in Project Management

Girl's Guide to PM

A Legal Project Manager supports legal teams to deliver either process improvements and internally-facing work, or legal projects for clients. Instead, people with PMO job titles are in a crucial support function. Here are some common job titles you’ll find within the PMO.

2020 330

6 Reasons Why Projects are Late

Planview

Part 5: How Risk Management is Crucial to Project Management. The six most frequently cited reasons for late projects were as follows, in order: Unrealistic Deadlines (This could be based on poor visibility into capacity; an overzealous sponsor; the inability of the project manager to “manage up” and educate leadership on the risks; lack of demand prioritization; and/or an inadequate system for providing estimates.). PMO Vision and Trends

The Death of Project Management

Girl's Guide to PM

Project management is that branch of management devoted to the process of change ; the orchestration of people and resources through a series of activities, tasks and processes to bring about a transformation from a state to another, different state. Bryan Barrow.

2020 228

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

You won’t know if the risk log is sound and the resource planning sensible until you investigate. 5: Review the governance structure. Is there a governance structure ? Action if there is no formal governance: My first point of call would be your project sponsor. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Action if you can’t find out: Talk to the PMO again. Consider this.

2020 267

10 Places to Get Free Project Management Templates

Girl's Guide to PM

Only download templates from websites where you are confident in the source – don’t take any risks downloading files from sites that look and feel dodgy, to minimise the risk of accidentally downloading a virus Save a blank version of the template, then save another version with a file name related to your project. We'll process your data in accordance with our privacy policy. You’ve got responsibility for a project.

2019 313

Zombie Projects and How to Kill Them

Girl's Guide to PM

lack of governance. Government PMO,” says Derek Huether, an enterprise Agile coach and trainer. “It was a traditional PMO, filled with certified professionals doing very good work in very specific areas of expertise. ” He might have been able to forgive the long timescales if this PMO was managing projects committed to the construction of battleships or the next generation of an interstate highway system.

2019 181

Project Roles & Their Responsibilities

ProjectManager.com

Project managers are also responsible for managing risk and the budget. Project Management Office (PMO). Sometimes an organization will have a segment devoted to developing a set of standards and policies to govern their project management and to make sure those standards and policies are being followed. However, if it does exist the PMO will decide on the processes used in a project and how to follow them. Project managers are supported by the PMO.

2020 196

How Savvy PMOs Drive Actionable Insights with Portfolio Dashboards

Planview

Does your PMO generate portfolio dashboards for stakeholders and executives? Does it help your PMO be seen as a value driver? The Savvy PMO recognizes this and makes access to highly visual, useful data an imperative by providing comprehensive portfolio dashboards.

2020 102

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

You need to understand risk and finances, and evaluate projects based on ROI. The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs. PMO (Project Management Office) Manager / Director. You’d establish processes and procedures that your team would follow. Like the Portfolio Manager, the PMO Manager establishes processes and procedures for the PMO.

2017 198

Customer Q&A - Office Depot

Keyedin

In a recent virtual event, Ruth Bedingfield, PMO Manager at Office Depot was asked questions from attendees about her experience using KeyedIn and specifically in their ability to apply agile principles at the portfolio level. Ruth – The key for us was to use a core governance framework, built collaboratively, to ensure adoption and drive success. We were looking to enhance this process even further by utilizing our opportunity to integrate JIRA into KeyedIn.

2020 60

Does your organization truly support project management?

Kiron Bondale

Effectively supporting project management doesn’t just mean setting up a PMO and expecting that it will be able to work miracles as the report indicates that 68% of organizations have a PMO. Establishing a PMO within a low maturity organization but not vesting it with the authority or sponsorship to influence behaviors and culture can be the kiss of death.

2016 146

How to connect business strategy with project management

Moira Alexander

To align business goals with project management (PM), leaders from the enterprise project management office (EMPO) or project management office (PMO) need to be involved in strategic planning sessions alongside senior-level management. The second component is leveraging a rigorous portfolio and project management governance process. are done properly thus minimizing technology risk.". Without this connection, project risk points increase.

Where There’s a Widget, There’s a Way: Unleashing the Power of Microsoft Project

MPUG

Project Widgets has created powerful, easy to use “widgets” that extend the capabilities of Microsoft Project and make the overall project and portfolio management process more intuitive and streamlined. Most importantly, these solutions have been designed to build integrity and governance into your project plans, thereby providing a solid foundation for significant decision-making that these uncertain times demand. Risks, Issues, and Actions.

2020 67

Factors Driving Project Management Within An Enterprise Environment

Keyedin

Businesses are continually confronted with the challenge of tying together disparate processes and locations, multiple disciplines, technologies and departments as well as managing non-finite resources and budgets. Managing and controlling the flow of project documentation ranging from contractor quotes to risk mitigation, project charters and so on. Developing multiple processes that bring project information to those occupying the relevant roles and responsibilities.

10 GDPR Questions to Ask Before Starting a New Project

Girl's Guide to PM

And it has huge implications for people managing projects that store, capture or process personal data. Even if you personally aren’t in Europe, and you aren’t working for a European firm, you still need to abide by GDPR principles if you store or process the data of European individuals. If you make it available to buy on the internet, and let people from all countries buy it, then GDPR applies to the way you process the data of your European customers. What’s the GDPR Risk?

2018 225

Factors Driving Project Management Within An Enterprise Environment

Keyedin

Businesses are continually confronted with the challenge of tying together disparate processes and locations, multiple disciplines, technologies and departments as well as managing non-finite resources and budgets. Managing and controlling the flow of project documentation ranging from contractor quotes to risk mitigation, project charters and so on. Developing multiple processes that bring project information to those occupying the relevant roles and responsibilities.