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. How to manage: Typically, a senior leader in your organization must make the decision to implement a PMO. In this article, we go a step further.

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PMO Technical Review Risk Management Controlling 243

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. How often will you perform risk management activities?

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Risk Management Risk Planning PMO 430

Project Risk Coach

NOVEMBER 1, 2021

In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles. 3 The Risk Management Principle 4 What is a Method? Here are some takeaways from this risk management principle.

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Risk Management Risk PMI PMO 394

Project Risk Coach

AUGUST 24, 2020

Mike was a functional project manager in an organization where I managed a PMO. In a one-on-one meeting, I asked Mike how he was identifying, analyzing, and managing his risks. His response revealed his belief in risk management but a lack of actual application with his teams. Failure to focus on the risks that matter.

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Risk Management Risk Underperforming Technical Team PMI 459

Project Risk Coach

OCTOBER 22, 2018

So, how can you build a PMO you can be proud of, one that thrives? Why Are There So Many Troubled PMOs? 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. Click here to discover 40 reasons PMOs fail.

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PMO Technical Review Controlling Executing 277

The IIL Blog

MARCH 26, 2024

The Project Management Office (PMO) is no exception. In this article, we will explore the rise of the AI-powered PMO and provide actionable strategies for project managers to thrive in an AI-augmented environment. Here is a foundational Generative AI PMO Template, along with guidance on how to customize and use it effectively.

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PMO Generative AI Technical Review Software Review 88

Project Risk Coach

FEBRUARY 7, 2022

First, organizations implement PMOs with a lack of clarity. Why does the organization need the PMO? What is the role of the PMO? How will the PMO engage with the senior leaders? Second, the PMO fails to ask for feedback and incrementally evolve. How PMOs Can Become Strategic Enablers 1.

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PMO Underperforming Technical Team Risk Management Energy 457

Rebel’s Guide to PM

MARCH 14, 2024

Project Quality Manager Project Scheduler (often found in the construction industry or engineering) Project Risk Manager If you love agile project management, then look for a Scrum Master role — even though this is not the same as project management it might be a good fit for you. These are not delivery roles.

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PMO Construction Engineering Logistics 385

Rebel’s Guide to PM

OCTOBER 19, 2023

The Future PMO: London, UK, 26 October 2023 The Future PMO is a day devoted to PMO professionals and this year’s theme is The Final Frontier. The main takeaways will be about leveraging technologies for improved decision making, governance and risk management, and a deep dive into AI.

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Musings on Project Management

OCTOBER 21, 2020

And within the business there may be transactional relationships among business units and the PMO. In project situations, there are usually many counter-party transactional arrangements, such as contractors and suppliers with transactional relationships.

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Risk PMO Defining Risk Management 321

Project Risk Coach

NOVEMBER 28, 2017

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? Why Use Risk Categories?

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Defining Risk Risk Management PMO 292

WorkOtter

JUNE 1, 2023

If your business gets big enough, you might need a whole project management office (PMO). That’s why it’s important to learn about setting up a PMO. This guide will show you how to set up a PMO, explain different types of PMOs, and why having one is important for your business. What Exactly is a PMO?

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PMO Executing Controlling Risk Management 78

WorkOtter

JULY 12, 2023

The points below will assist you in carving out a PMO strategy that’ll make a difference for you. Understand the Advantages and Usefulness of Roadmaps First things first, you need to get to know the benefit of a project management office (PMO) roadmap. As a rule of thumb, make sure that you are setting S.M.A.R.T.

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PMO Software Review Planning Finance 78

Rebel’s Guide to PM

APRIL 22, 2024

Securing the right resource (and enough of it) is a huge headache for PMO leaders and project professionals. I suggest adding the relevant ones to your risk log so they are constantly under review. The PMO can lead on this but everyone will need to follow the process for it to work. Worth having on your risk register!

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Technical Review PMO Risk Management Software Review 280

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. 34:15): One of the great risks is sticking with the status quo.

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PMO Agile Lean Governance 158

Bridge the Gap Consulting

APRIL 11, 2023

My favorite is the PMO assessment. Whether considering standing up a new PMO or revamping an existing, doing an assessment is a key initial step to setting one up. Though there are PMO maturity models, which are all good, I don’t like to talk about those right away. Yeah, I talk about this a lot when discussing PMOs.

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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? Who will own the project risks.

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Risk Management Risk Planning Monitoring 199

Henny Portman

JANUARY 3, 2024

This new IPMA standard defines the competences for the individuals working in PMO. A PMO has three main activities: Design – the creation, establishment and maintenance of standards, processes, procedures, and tools that define how work should be done inside. Can a PMO employee not be a portfolio manager or portfolio analyst?

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PMO Finance Governance Government 52

Bridge the Gap Consulting

MAY 16, 2023

Once your PMO is up and running, operationalizing and doing continuous improvement (CI) go hand-in-hand. Sometimes CI may lead to changes to the PMO’s operations, but you’re only making more efficient something you’re already doing. Here are some aspects of operationalizing your PMO. PMO-Specific Reports.

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PMO Cadence Underperforming Technical Team Monitoring 52

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. I recall having a disagreement on how “proper” risk statements should be written with the PMO manager. What can we do?

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MPUG

JUNE 5, 2023

In today’s discussion, we’ll explore the intriguing concept of the Digital Project Management Office (PMO). You may ask, “What is a Digital PMO?” Understanding the Concept of the Digital PMO The Digital PMO, as its name suggests, integrates digital project management tools at its core.

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PMO Technical Review PMI Innovation 59

Planview

APRIL 29, 2022

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. Let’s get started.

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PMO Governance Government Executing 88

Rebel’s Guide to PM

OCTOBER 1, 2023

They might also advise the project manager on how best to do particular project management techniques like communication management , risk management , quality management and change management. In my experience, assurance is carried out by the PMO or another project manager whom I have invited to do a peer review.

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Prince2 PMO Risk Management Risk 350

Rebel’s Guide to PM

SEPTEMBER 23, 2023

You’re trying to get clarity on: The reasons for doing the project The benefits of doing the project Any risks that you can foresee now The scope and deliverables The costs and timelines Who should be involved and who should make decisions What quality looks like and how it will be achieved.

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Planview

JUNE 5, 2020

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. Planview created the Savvy PMO Guide Series to give organizations actionable guidance on how progress PMO leadership.

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PMO Leadership Governance Government 142

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. So, what are the traits of a PMO leader? Good times!

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PMO Finance Budget Executing 52

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

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Risk Management Risk Agile Technical Review 98

Rebel’s Guide to PM

MARCH 12, 2022

Risk management. Project risk can be re-evaluated, and that can provide useful information for the program or portfolio team. Obviously there are regular project boards and other governance checks, but the practical implication is that we have freedom of action for low value initiatives that are low risk and things we’ve done before.

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Rebel’s Guide to PM

JULY 28, 2023

B Blue Project closed R Red Project is likely to deliver late/over budget A Amber Project has missed some targets but overall end date/budget is not at risk G Green Project on track As you can see, this equates to the acronym BRAG. Check with your PMO. There’s a significant level of project risk with no plans to address that risk.

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Software Review PMO Risk Management Closing 287

ProjectManager.com

JANUARY 16, 2024

When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. By following these project pipeline management stages a PMO, program or portfolio manager can better deal with the complexities of juggling multiple tasks.

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Software Review Software PMO Monitoring 350

Bridge the Gap Consulting

APRIL 1, 2023

When you’re in the process of setting up or revamping a PMO you, as the PMO leader, will need support and direction. Enter the PMO Executive Sponsor! The sponsor will give your PMO street cred. Though a PMO Steering Committee is not guaranteed, make the PMO Executive Sponsor a must-have.

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PMO Executing Consulting Leadership 52

Bridge the Gap Consulting

APRIL 18, 2023

Now it’s time to create a PMO Business Case and start moving the needle from idea to reality. If you notice, I call it a PMO Business Case, not a PMO Charter. I don’t like the word “charter” when talking about creating PMO’s. Below are some of the key components of a PMO Business Case.

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PMO Executing Finance Risk Management 52

MPUG

NOVEMBER 20, 2023

Place emphasis on the financial ROI and the possible risks of the project described in the document. Microsoft Copilot – Microsoft Adoption Get started with Microsoft 365 Copilot – Training | Microsoft Learn Your Guide to Microsoft AI: All You Need to Know for the PMO – Projectum But wait! Write it in a formal manner.

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Artificial Inteligence PMO Generative AI ChatGPT 59

Rebel’s Guide to PM

MARCH 14, 2024

Uses of AI in project management AI is in use by project delivery practitioners and Project Management Office professionals, generally through tools like ChatGPT or Microsoft Copilot, and more specifically such as in tools designed to support particular domains like AI in risk management. 23% of organizations are using or planning to use RPA.

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Artificial Inteligence Technical Review 2028 2024 372

Rebel’s Guide to PM

FEBRUARY 12, 2024

Skill #2: Managing risks Risk management is a core skill for a project manager, and one that I would hesitate to ‘outsource’ to a team member. So much of risk management is tied up in being able to see the big picture, and as a project manager you are best placed to do that.

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Finance Risk Management Budget Risk 319

Rebel’s Guide to PM

FEBRUARY 2, 2024

You won’t know if the risk log is sound and the resource planning sensible until you investigate. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Action if there is no budget plan or information: Back to the PMO or your Finance team. How do you spend it?

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PMO Governance Government Budget 303

Rebel’s Guide to PM

SEPTEMBER 29, 2022

One for risk, one for escalations, one for changes, issues, new project kick-off, closure, logging dependencies… the list goes on and on. The risk there is that people make up their own processes to work around the edges of the formal policy, skipping steps because they are focused on keeping the momentum going on their project.

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Process PMO Risk Management Software Review 377