Are PMOs still a good idea? Yes. Projects and programs are growing in complexity. So the level of required integration is increasing and there will be corresponding increased risk to successful project outcomes. For consistent and repeatable delivery, program management capabilities should be consolidated into a single organization and centralized structure responsible for the oversight …
What is Portfolio Management? Portfolio Management is a set of processes and techniques that delivers competitive benefit to a business by helping to ensure that the right mix of investment activity is identified, selected, and managed. It’s a continuous cycle of 1) new project demand management, 2) a consistently applied process for ranking and prioritizing …
The best program management offices provide accountability, and structure, and enable the office to provide centralized services for standard practice across a wide range of projects. They also include critical elements required for managing and leading people. The PMO office organization must include all roles required to properly support program risk and complexity. Be sure …
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Program management offices (PMOs) are invaluable in improving enterprise strength and growth because they can be used to map strategy to operations, and then increase likelihood of planned results by tracking effective operational performance. PMOs align strategy and operations through a continuous process of identifying, selecting and managing capital investments based on strategic business objectives. …
Strategic PMO: How PMOs Enable Enterprise Prosperity Read More »
The way to transform project delivery is to establish an effective program management office (PMO). PMOs improve processes and ensure compliance with recommended practices in the areas of scope, time, cost, quality, resource management, risk, and integration to consistently and predictably achieve project delivery excellence. Better, faster, and cheaper. How do they do it? They …
Program Management Office (PMO) The primary vehicle for creating transformation benefits is a program management office (PMO). PMOs improve project management maturity by improving processes and ensuring compliance with best practice methodology in the areas of scope, time, cost, quality, resource management, risk, and integration to consistently and predictably achieve project delivery excellence. PMOs deliver …
Project Success Project success means delivering on baseline performance metrics. Successful delivery usually means optimizing three constraint areas; cost, schedule, and quality. Projects must be delivered on-time, with accurate cost estimates and actual costs within an approved budget. Cost and schedule success depends on project scope management. Project teams are also accountable for ensuring the …
Project Issue Control Cycle A control cycle for project issues can be modelled after ITIL processes called root cause analysis, and problem management. An issue lifecycle starts with identification, and a quick understanding of what happened. It is appropriate to begin initial historical reporting to communicate to affected end-users that the issue is known and …
Cost Management Summary In a total program performance model, cost is a critical success factor. Cost management begins with project scope and definition upon which quality cost estimates are based. Cost estimates are used as baselines for control. Actual costs are monitored, and cost analyses are conducted to determine underlying causes of cost variances. The …
Program Management Offices (PMOs) rely on myriad, integrated elements to be fully functional. Project, portfolio, resource, quality, PMO leadership, and governance must all be at acceptable maturity levels before a PMO can effectively meet business objectives. But what is governance? Governance is a set of processes and an organization framework designed to help an enterprise …
Project resource management refers to the range of activities required to ensure that the right people are working on projects at the right time. The first step is to complete a rigorous project demand assessment, which may include portfolio management as a way to determine which projects belong in the pipeline. A preliminary project forecast …
PMO Quality is the ability of a program management office to meet and exceed performance expectations. PMO quality consists of quality standards, performance tracking, variance analysis, and changes to drive performance improvements. Quality is applied at every PMO level including individual, projects, portfolios, the PMO itself, and the role of the PMO in the enterprise. …
