Enterprise Risk Management (ERM) and Risk Governance

MPUG

I came to know that there were no consistencies within risk governance parameters, such as risk appetite , or risk threshold , for example. In this article, we will explore how to manage such massive gap at an organizational level considering Enterprise Risk Management and Risk Governance.

IT Governance: Definitions, Frameworks and Planning

ProjectManager.com

IT governance ensures that IT departments are prepared for what’s next, without losing focus on what matters. What is IT Governance? If you ask the business world, IT governance is all about managing performance for efficiency. Key Terms in IT Governance.

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The What, Why and How of Agile Governance

Virtual Project Consulting

Find a break-down of the what, the why and the how of governance on Agile projects, especially in an enterprise organization. Including good principles, practices and strategies to follow. Project Management Agile agile project governance governance in agile governance model

The Road to Effective Project Management Governance

Project-Management.pm

What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. There’s no correct description of it and it’s safe to say that individuals or groups who employ and encounter project management governance have developed their own understanding of it. Governance and Decisions. To be more precise, project management governance.

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. Create – clarifying organizational strategy and where team members fit.

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. Held at the prestigious IoD (Institute of Directors) the speakers looked at how Project Leaders could apply Agile PMO, risk management, project governance, procurement, and change management to the range of project controls and management challenges Brexit will pose.

10 Steps to Successful Process Governance

MavenLink

Process governance is how a company consolidates and standardizes their management, tasks, and services to ensure that each project is executed properly and in accordance with what is expected by both managers and clients.

Apply the Experience Curve Concept to Strategy and Project Management

The Strategic Project Manager

While businesses, organizations, and markets have evolved, the Experience Curve concept survives and can be very useful for informing decisions, shaping strategy, and guiding implementation. Using the Experience Curve in Strategy Formulation.

Executing a Blue Ocean Strategy with Solid Project Management

The Strategic Project Manager

The Blue Ocean strategy framework has become popular since around 2005, on the initial publication of “ Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant “, by W. The Basics of Blue Ocean Strategy.

Risk Management Strategies for Financial Institutions

Brad Egeland

Risk Management Strategies Investments involve some amount of risk. Because of this, financial institutions such as banks and brokerage firms have used several strategies to manage risks. These advancements in technology will influence your strategies and make them more effective.

What Makes Organisations Fail to Execute Their Strategy?

Strategy Execution | PMO Perspectives

After some tapping on their laptop, they proudly showed me their new corporate webpages, proclaiming their ‘strategy’, ‘vision’ and ‘mission’ statements. [1] All we need to do now is execute that strategy! Strategy is not hard to understand: Where is our chosen market?

Everything You Need to Know About Project Management Governance

ProProfs Project Management

One of the major reasons is the lack of project management governance. . This is precisely where project governance comes to the picture. . Meaning & Definition of Governance. The first of which is to have a solid understanding of what project governance is.

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.

How to Create a Content Plan for Your Content Strategy

ProjectManager.com

All of these channels are part of a content strategy that directs the content creation efforts you execute to meet the company’s marketing goals. A content plan, on the other hand, is the blueprint that defines the assets and steps needed to implement your content strategy.

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Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. But you’re not free to suggest your approach is applicable to those who are governed by external frameworks of spending and accountability for that spend, without a testable confirmation this idea doesn’t violate those governance principles. Governance includes: Responsibility for a specific duty, task, or decision. Business Strategy - Balanced Scorecard.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. And in 2019, Rich joined Triskell Software, and is VP of Strategy and Corporate Development.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. And in 2019, Rich joined Triskell Software, and is VP of Strategy and Corporate Development.

Digital Transformation in Government Organizations: Tips from Microsoft, IBM, McKinsey, and PwC

Epicflow Blog

Though government organizations are not facing a threat of rivalry, one of the biggest challenges is meeting citizens’ requirements and bringing better results with smaller expenses and amount of time. Microsoft’s Vision of Government’s Digital Transformation Journey . Strategy.

Microsoft’s PPM Cloud Strategy Failed: What Now?

MPUG

One thing Edward Snowden has taught the world is this: Never trust the US Government or any other government for that matter! This is true for Canadian Federal Government departments, government agencies, large Canadian companies, and even medium-sized Canadian companies.

Aligning the PMO to Organizational Strategy

WorkOtter

To do this the PMO must become aligned with the organization’s strategies, goals and objectives. Aligning the PMO to the organization requires that all aspects of how the PMO is organized, how it functions, and the tools it uses and the governance it pursues will directly support the organization’s ability to achieve its business objectives. What if you might gain a glimmer of insight into achieving-what is for many-an elusive pursuit; aligning the PMO to organizational strategy?

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System of Delivery: An Intro to Our Governance Model

Leading Agile

Our governance model and team design may look a little complicated at first glance. In this presentation, our Chief Methodologist, Dennis Stevens will remove the noise and walk you through our governance model and team design to help you better understand the LeadingAgile system of delivery. When you first look at our governance model or some of our team designs, it might look complicated, it might look really busy. The governance model makes that actionable.

How to connect business strategy with project management

Moira Alexander

Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. 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 137

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. Aligning most of the projects and programmes to the organisation’s strategies is one of the most important benefits of implementing organisational portfolio management. Portfolio Management Strategy Execution

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.

Webinar Recap: SIPOC Workshop Facilitation – Part 2: SIPOC Workshop Strategies

MPUG

This second session will cover SIPOC workshop strategies. Session number two, the SIPOC Workshop Strategies. Jeff Bongiovani: And then ultimately describe how to set SIPOC workshop goals and strategies.

2021 52

Learn How To Realize Positive Risk Response Strategies (Opportunities)

iZenBridge

The next question is what the positive risk response strategies are? These are strategies: To make it happen, or. These are Positive Risk Response Strategies. What are the strategies for dealing with positive risks? In this strategy, we make sure the opportunity happens.

A Digital Service Canvas for Government and Enterprise

Scrum.org

If there is to be a game-changer, it will have to come from the market, or from government, or both. For example, the UK Government’s Digital Service Standard has promoted digital services as an enabler for “Government as a Platform”. W]e will transform many existing Government transactions in this way”. In the US, responsibility for a digital strategy and its implementation is effectively split between the United States Digital Service and 18F.

Connecting Project Benefits to Business Strategy for Success

Herding Cats

The answer is they come from the Strategy of the IT function. Where is the strategy defined? What are the measures of the outcomes connected to each other and connected to the top level strategy to the strategic needs of the firm. Internal Processes - what governance processes will be used to produce these outcomes? Strategy is Not the Same as Operational Effectiveness. NoEstimates Balanced Scorecard Strategy

2016 43

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Balanced Scorecard IT Strategy and Project Management. Governance. Program Governance Roadmap. Principles of Program Governance. Strategy. Influences on IT Strategy: How IT Strategy Impacts the Development of Systems Based on COTS Products.

2008 45

Why You Should Align Strategy, Financials, and Execution

Planview

Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. Forward-thinking organizations incorporate business processes for governance and decision-making, particularly regarding which investments should be made during the strategic planning process and ongoing checkpoints. Process Area 2: Aligning Strategy and Operations.

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Strategy (#Strategy). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. Success starts with a Strategy for the project. Governance.

2015 37

Project Failure – Why it Happens

Online PM Courses

Misalignment with Organization’s Goals, Objectives, Strategy. – 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure. Good governance is a cornerstone of #project success, so poor governance inevitably leads to project failure. Lack of Governance Structure.

2018 122

Building an Effective Communication Strategy for Your PMO (Program/Project Management Office)

Keyedin

Technology is sometimes only as good as the principles that govern its application. It helps to have an overarching communication strategy running with clear deliverables and focused messaging. As an example, the balanced scorecard was originally designed to look at performance management and strategy implementation. The communication elements of these tools are as relevant for project delivery as they are for generating buy-in to changes in strategy.

2019 60

Building an Effective Communication Strategy for Your PMO (Program/Project Management Office)

Keyedin

Technology is sometimes only as good as the principles that govern its application. It helps to have an overarching communication strategy running with clear deliverables and focused messaging. As an example, the balanced scorecard was originally designed to look at performance management and strategy implementation. The communication elements of these tools are as relevant for project delivery as they are for generating buy-in to changes in strategy.

2019 60

For Project Managers: What is the Definition of Innovation?

The Strategic Project Manager

Innovation is an important topic these days simply because it is becoming critical to survival – for companies, governments, and people. Innovation at its best is a structured process that strikes a balance between strategy and implementation.

Focus on Delivering Value – PMBOK 3.4

Bridge the Gap Consulting

Not all projects have a business case justifying their existence, but somewhere it should be highlighted which business strategy it aligns to (I’ve started including this in the charter). Also, strategies, and the projects that support them, can pivot at any time.

2021 83

How to Talk About Estimates

Herding Cats

NoEstimates Agile Earned Value Estimating Governance Government IMP/IMS Management Performance-Based Project Management® Planning Principles Project Management Requirements Risk Root Cause Analysis Scheduling Strategy Technical Performance MeasuresWhat is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something.

Managing Your First Strategic Initiative

Arras People

In addition, there are also governance functions—risk management, legal, etc.—that Project Management barvas strategic strategyStrategic initiatives aren’t the same as typical projects—they tend to be considerably more complex and at times have hands on involvement from the top-level of management in the business. Dependent on the type of project being tackled the involvement and engagement of executive stakeholders varies.

People Versus Process

Herding Cats

Metrics that connect strategy with execution and measure the increasing maturity of the identified capabilities. Communicate the elements of the strategy, initiatives, capabilities, programs and projects up and down the execution chain. † In 1992, Honeywell’s defense avionics division in Albuquerque New Mexico reorganized their entire 1800 person business unit into multifunctional teams. Agile Governance Management Principles Strategy

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

The Project director tackled high-level stakeholder engagement on a day-to-day basis and we often worked together on strategy and important decisions. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders. In All Cases, Look to Your Governance Structure. One of the principle purposes of project governance is decision-making. Above or around your rogue Project Sponsor should be a strong governance body.

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