Project Risk Coach
NOVEMBER 14, 2022
As a project manager, you constantly juggle a million tasks at once. This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Project Manager What is the primary role of the project manager?
Project Risk Coach
FEBRUARY 10, 2020
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 develop a project risk management plan.
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Project Risk Coach
NOVEMBER 1, 2021
The Project Management Institute (PMI) recently published the Project Management Body of Knowledge Guide (PMBOK®), Seventh Edition which is radically different from previous editions. 3 The Risk Management Principle 4 What is a Method? Look for upside and downside risks.
Project Risk Coach
AUGUST 24, 2020
Mike was a functional project manager in an organization where I managed a PMO. But his projects were trending in the wrong direction and his manager was not happy with Mike's performance. Warren Buffett says, "Risk comes from not knowing what you are doing."
The Lazy Project Manager
APRIL 6, 2021
What is a Value-Driven Project Resource Management? Project resource management by PMO has changed significantly in the last 20 years. It has evolved into a highly value-driven resource management solution. Best Practices of Enterprise Resource Management Software.
Project Risk Coach
JANUARY 18, 2021
I highlight 10 of the 40 PMO problems and provide ways to manage them. 10 PMO Problems and Solutions 1. No project sponsor or project charter for the implementation of the PMO. The PMO doesn’t understand the organization’s culture. Need some help with your PMO?
Project Risk Coach
NOVEMBER 20, 2017
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 not, check with other project managers.
ProjectManager.com
FEBRUARY 21, 2023
A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios.
Rebel’s Guide to PM
SEPTEMBER 26, 2022
Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: Managing Risk and Avoiding Failure in Business Projects. Risk management is the most important of your project controls. Mike Clayton.
Musings on Project Management
OCTOBER 21, 2020
And within the business there may be transactional relationships among business units and the PMO. Oh business analysis contract Risk ManagementDefine counter-party: In a transactional relationship, the other party to -- or participating in -- the transaction is your counter-party. In project situations, there are usually many counter-party transactional arrangements, such as contractors and suppliers with transactional relationships.
The Strategic Project Manager
AUGUST 11, 2022
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?
Bridge the Gap Consulting
MARCH 26, 2023
You’re a PMO Leader! Being a PMO leader has been one of the most challenging and rewarding aspects of my career. Thankfully, I’ve had some really good mentors along the way who showed me being a PMO leader and a project manager are two very different things.
Project Risk Coach
NOVEMBER 28, 2017
Tom is the program manager for a large, complex program comprised of eight projects. He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories? Risk categories allow you to group individual project risks for evaluating and responding to risks.
Rebel’s Guide to PM
DECEMBER 16, 2022
There’s a lot riding on getting your PMO mission statement right. After all, the mission statement is what will guide the PMO as it strives to achieve its goals and objectives. Why have a mission statement for the PMO? It should explain what the PMO does and why it exists.
Project Risk Coach
OCTOBER 22, 2018
Some Project Management Offices (PMOs) never get off the ground. So, how can you build a PMO you can be proud of, one that thrives? No one intends to build an impotent PMO, but it happens. The PMO lacks power and effectiveness. Therefore, people see the PMO as a hindrance, not an enabler. Furthermore, I describe how to handle PMO threats—things that may hinder your ability to build a PMO—here. PMO Sponsorship. Then don’t create a PMO.
Epicflow Blog
AUGUST 3, 2022
For this purpose, a great number of organizations started to set up a project management office (PMO) – according to the 2021 report on the state of project management [1], 82% of organizations reported to have one. . Does every company need a project management office?
Rebel’s Guide to PM
JANUARY 23, 2023
Are you looking for a way to better manage the risks associated with your projects? Risk audits are an effective tool that can help project managers and program managers identify potential issues before they become problems. Who carries out the risk audit?
International Institute for Learning
SEPTEMBER 6, 2022
I recall a time when I was the program manager of a large initiative, and the PMs who reported to me would constantly roll their eyes when they had to submit their weekly status reports to the PMO. We’ve determined that our PMO might not be reaching its full potential.
Henny Portman
JUNE 25, 2022
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.
Musings on Project Management
APRIL 24, 2020
Call in your PMO team and brainstorm? Perhaps game theory Risk ManagementIn any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt Actually, that's Teddy's version of cousin FDR's famous "Try something!" But what if it's all about a threat -- something external -- for which you have no experience?
Strategy Execution | PMO Perspectives
APRIL 18, 2019
There are further stats; 45% lack change management skills; 29% have poorly resourced initiatives; 27% lack project management skills. The report – Emerging Trends in Project Management and Project-Based Organisations – is telling us how much more projects and a project way of working have grown over the last 14 years. Managing multiple priorities and interrelated work streams. The PMO: Gap Closer. It’s the PMO.
Strategy Execution | PMO Perspectives
APRIL 20, 2020
Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. And if the WEF didn’t see a risk coming, then what hope do we have?
The Lazy Project Manager
JANUARY 27, 2016
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.
Project Risk Coach
FEBRUARY 7, 2022
Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. Management sees it as a way to give oversight to all the programs and projects. Why does the organization need the PMO?
Brad Egeland
FEBRUARY 13, 2020
A project management office (PMO) is an organizational entity usually tasked to centralize and coordinate the management of projects within an organization. A PMO oversees the management of projects, programs, or a combination of both.
LiquidPlanner
SEPTEMBER 29, 2021
Does your organization invest in a Project Management Office (PMO)? I’ve been through this process with several organizations – either building a PMO from scratch or rebuilding a failing one. I’ve come up with 7 key considerations to building a great project management office.
Henny Portman
FEBRUARY 22, 2020
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.
Lindsey Marymont
SEPTEMBER 15, 2020
Agile Portfolio Management. Project & Portfolio Management. Professional Services Portfolio Management. Agile Maturity & Change Management: 3 Steps for Achieving Executive Buy-In. And this hesitancy can create problems in allowing a PMO to advance its Agile maturity.
Planview
JUNE 30, 2022
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.
Strategy Execution | PMO Perspectives
AUGUST 8, 2019
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 Execution | PMO Perspectives
JUNE 20, 2019
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.
Project-Management.pm
MARCH 25, 2017
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. When PMO starts to stray, it will lose its function and purpose.
Planview
AUGUST 16, 2021
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.
Brad Egeland
MARCH 22, 2020
A PMO dashboard contains the summary of all the projects being run by an organization. It is a helpful tool for the project managers and the senior personnel of the business who want to keep themselves updated with the status of any project handled by their team.
MPUG
NOVEMBER 10, 2019
How should an organization manage business transformation? Traditionally, the department managing the flow of projects, including innovation initiatives, is the Project or Portfolio Management Office (the PMO). According to the Project Management Institute, 71% of companies have a PMO, a steady rise over the past ten years. Additionally, the PMO goes about getting the right forms filled in or gathering the correct numbers required for reporting.
Strategy Execution | PMO Perspectives
MARCH 14, 2019
Experienced managers know the value of the ‘elevator view’, that is, knowing when to press the button for the top floor to look down at the bigger picture, and when to descend to the ground floor to get down ‘amongst the weeds’. At the ground floor our project managers provide assurance that their projects are on target to deliver, according to st ated objectives. Strategic Risk Management. But how important is the strategic leadership and alignment of risk planning?
Planview
FEBRUARY 20, 2020
Could your work intake and demand management processes use some sprucing up? Have no fear, the Savvy PMO is here! Using a formalized demand management process, your organization can collect and evaluate work requests consistently and transparently.
Project Risk Coach
MARCH 2, 2016
John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. He skipped capturing his risks and conducting the risk reviews.
Project-Management.pm
FEBRUARY 7, 2017
Implementing PMO is the key to combat such issue. With this, PMO will take over various components of the agency such as strategy , quality of the products, and enhancement of resource management. PMO is crucial and a key instrument in for the success of any existing agency. Implementing PMO will boost all the agency’s structures and that includes the results that they will deliver. Implementing PMO Step#1: Evaluation . Implementing PMO Step#2: Planning.
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. So, he created strategy; the PMO Marketing Plan.
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