Remove Governance Remove PMO Remove Risk Management Remove Strategy

The PMO Skillset, the House of PMO, and Strategic PM

The Strategic Project Manager

Project management methodology involves following processes and a framework as an aid to executing successful projects. PMO’s institutionalize those processes and frameworks across all projects within an organization or domain. Are project management and PMO skillsets different?

PMO 79

Review PMO Services and capabilities

Henny Portman

The book PMO Services and Capabilities – Including an overview of AIPMO’s competence framework – Competences per PMO service – Techniques and tools per PMO service is written by Robert Joslin. There are over 220 PMO services described in this book.

PMO 73
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How to “Brexit Proof” Your Project Strategy

Arras People

The event’s title of “ How to ‘Brexit-Proof’ your Project Strategy before December 14th 2018 ” provided a clear picture of the key strategies you should employ in order to best prepare for Brexit. The speaker line-up included Rohit Talwar who was a keynote Futurologist speaker at the Association of Project Management Conference 2018 as well as Stuart Easton, CEO of Transparent Choice.

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.

2016 163

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. Unfortunately, it’s not uncommon that I see projects with one of the following dysfunctions in the governance area: It’s unclear to the project manager who the sponsor is. Project Management

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. Strategy.

Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. This is achieved, in the most part, through the enhancement of strategic dialogue amongst the management team and, most crucially, the alignment of projects around the most critical strategic initiatives. Effective Portfolio Management.

PMO 61

Blue Ocean Leadership: The Secret to Blue Ocean Strategy Execution

The Strategic Project Manager

The Blue Ocean Strategy framework is unique in that it incorporates execution into the strategy. By contrast, most strategy frameworks are just that – strategy, and strategy alone. Reduce – monitoring and controlling middle management activities.

Which PMO Structure Is Best for Your Company?

Wrike

The structure of your organization’s project management office (PMO) may be the difference between effective and ineffective project management. Your PMO structure must blend in with the organizational culture to ensure project management success. Controlling PMO.

PMO 36

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 60

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

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. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.

Maximizing PMO Value During Economic Uncertainty

Planview Blog

In times of economic uncertainty, PMO value is critical. Maximum PMO value ensures the work delivered aligns with company strategy. Even once-prized departments can be at risk of budget cuts, abandoned projects, and layoffs. Certainly, the PMO is not immune.

PMO 56

How to Achieve Results Through Implementing PMO?

Project-Management.pm

Various government agencies have been the successful producing result for the past years, thanks, to adhering to mandatory policies. However, the survey shows that not all government agencies are living up to their expectations being set on them; some are behind on schedule when it comes to projects and has a hard time to even achieve their objectives because of that. Implementing PMO is the key to combat such issue. Implementing PMO Step#1: Evaluation .

PMO 69

What is Your PMO’s “Marketing Plan”

Bridge the Gap Consulting

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. So, he created strategy; the PMO Marketing Plan.

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 Journey to Becoming a Savvy PMO.

2020 121

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. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management.

2017 135

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. Many project managers intuitively produce a plan in consultation with team members.

The PMO Roadmap for Driving Business Agility

Planview Blog

Portfolio Management Offices are in a prime position to deliver this business agility – with the right PMO roadmap. Peter, who wrote the book The Lazy Project Manager , drew upon his 30 years of experience building and leading PMOs to provide some guideposts.

PMO 87

The Insights Behind the Project Management Trends

Strategy Execution | PMO Perspectives

Strategy Execution released the top ten trends for 2019 a few weeks ago and my first thoughts were; we’re seeing a lot of them in the PMO community which is both exciting and nerve-wracking at the same time. When we look back over the last decade we can clearly see how much has changed for people working in project management. That means getting better at business cases; requirements; scoping; risks; planning; resourcing, scheduling.

PMO 46

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

The recent UK Government’s enquiry into the management of major projects was cut short by world events, but the interim report and oral evidence make for interesting reading. [1] And of course, for our projects and our organisations, we don’t have Governments to bail us out.

PMO 56

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.

Become a Modern PMO That Empowers Your Organization

Planview Blog

In this post, we’ll show you how to become a modern PMO that enables your organization to adapt to an ever-changing professional landscape. But first, let’s look at the key benefits that come from transitioning into a modern PMO. Why You Should Become a Modern PMO.

2022 56

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. And there’s even more complexity…You don’t really manage the people that do the work—you just manage the processes for efficiency and repeatability to get the results your organization needs.

PMO 65

The Project Revolution: How to Succeed in a Project Driven World

Strategy Execution | PMO Perspectives

Mr Nieto-Rodriguez has been recognised as the world’s leading champion of project management and founder of a global movement that has transformed the tactical topic of project management into one of the central issues in the CEO’s 2020 agenda. It would be tempting to conclude that the Pilgrim Fathers must have been the first project managers. ??. This in contrast to readily accessible principles in such disciplines as sales, marketing and strategy.

PMO 48

The Value of an Agile Project Management Office

MPUG

Now imagine that a senior executive starts off his day and decides first to have a quick look at the project dashboard expecting to see metrics such as the current status of projects, earned value indices in terms of money and performances, and top risks. Welcome to the concept of the Project Management Office or PMO. In this article, we will learn about PMOs as organizational structures, about various types of PMOs, and about traditional roles within a PMO. Agile PMO.

2021 76

Role of the PMO: How It’s Currently Evolving

Planview Blog

The role of the PMO is changing. We recently got an in-depth look into this new face of the PMO during our webinar – “What’s Ahead for the PMO?” Here’s a quick recap of key points about the evolving role of the PMO. Measuring PMO Value and Benefits to the Organization.

2021 61

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.

The 5 Most Important Business Benefits of a Successful PMO

Keyedin

Enterprises struggle with uncovering how to best use project portfolio management (PPM) tools to accelerate their business benefits and fulfil business strategies. 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. Connecting strategy with execution is not always as easy as it sounds.

2019 78

Combining Waterfall and Agile in SAFe

Arras People

They are mixed – and have to be – as many organizations make the transition from a Waterfall software development and project management methodology to an Agile methodology of the same. It may be a government requirement, or may just be a lack of Agile comfort, adoption, and familiarity. What should be shared across the two methodologies – the Agile focused PMO. First, we recognize that the existing PMO can provide governance across both the Waterfall and the Agile programs.

2018 192

Is Joining a PMO the Right Career Move for You?

LiquidPlanner

In your project management career, you’ll have multiple opportunities to perform different project management roles ranging from a project analyst to a program manager. A typical project manager career path takes this progression: Project Coordinator. Project Manager. Senior Project Manager. Program Manager. Portfolio Manager. One job role missing from the PM career path is a stint in the project management office.

2019 80

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.

What Is an EPMO? (Enterprise PMO)

Wrike

We’ll explain all this and more by answering some of your most-asked questions about EPMO, project management , and the tools you need to maximize your investment. What does Enterprise Project Management Office (EPMO) mean? Generally assisting their project manager .

PMO 36

2021 Online & On-Site Events for Project Managers

Epicflow Blog

2021 is going to be full of both online and offline events for project managers engaged in different areas of business: construction and engineering, IT, healthcare, and many others. Biggest Online Project Management Conferences in 2021. 2020 Offline Project Management Conferences .

2021 83

Gate Reviews: What Project Managers Need To Know

Rebel’s Guide to PM

Project governance is an important part of project management processes – even if it’s not the most exciting part of getting work done. As a project manager, part of your role is shepherding the work through the project lifecycle. Risk management.

2022 313

Managing Multiple Projects: The Research

Rebel’s Guide to PM

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. Anonymous project manager.

2022 298

What is a Program Manager?

Rebel’s Guide to PM

First we should start with a definition of program management. Each of these are projects with a project manager , but together they deliver a transformative change for the business. What is Program Management? Read next: Project Management versus Program Management.

2022 230

The Commercial Project Manager

Strategy Execution | PMO Perspectives

The client called the project manager to ask if the final performance test and approvals meeting could be moved to Friday, one day delay, ‘it would fit in really well because Sarah (Technical Manager) will be in the office’. No problem, agreed the Project Manager, looking forward to the final sign-off, invoice issue and associated $200,000 balance payment. [1]. Ensure that the role of commercial manager is properly represented in client-facing projects.

PMO 40

The Growth of Value-Driven Project Management

International Institute for Learning

In 2009, IIL sponsored a global webinar entitled “Value-Driven Project Management”, where we discussed IIL’s predictions on what the future of project management might look like. Over the years, there have been changes in project management practices, some quick and some slow.

2022 82

The Diversity of Project Manager Position Types: How to Choose a Job Among Different Titles

Epicflow Blog

The need for specialists in the field of project management is growing annually because businesses are getting bigger and most companies are becoming project-based. According to the research by Project Management Institute , 87.7 Project Manager. Program Manager .

2021 72

The Death of Project Management

Rebel’s Guide to PM

I am reminded of the zombie movie each time I have a discussion about project management versus project leadership. Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective.

2020 369