Project Risk Coach

NOVEMBER 14, 2022

Project Sponsor “PMI Pulse research shows actively engaged sponsors are by far the top driver of projects meeting their original goals and business intent” ( PMI Executive Sponsor Engagement ). This often comes in the form of completing the project on time, within budget, and within scope.

Risk Management 396

Risk Management Risk Underperforming Technical Team PMO 396

Rebel’s Guide to PM

APRIL 21, 2021

A Good Project Manager takes ownership of devising an executive plan that delivers results, not excuses. Time limits and well-executed facilitation. They run meetings inefficiently, which results in participant frustration and complaints to VPs of PMO. They perform competitor analysis and evaluate alternatives. Jahn Karsybaev.

2021 485

2021 PMO Executing Risk Management 485

Rebel’s Guide to PM

SEPTEMBER 20, 2020

Failure to execute strategy is seen as a project management issue. Somewhere, something is going wrong between vision and execution and many see it as the failure of project management to successfully deliver strategy. First, there’s a big problem in business concerning how to implement strategy.

Leadership 486

Leadership Influencer PMO Risk Management 486

ProjectManager.com

DECEMBER 12, 2024

Its the only way to make sure you execute the plan effectively, meeting the objectives and goals of the project. Project Management Office (PMO): If theres a PMO , they prioritize things like strategic alignment, portfolio management and process improvement, so they will want to be involved in tracking project progress.

PMO 370

PMO Monitoring Software Review Budget 370

ProjectManager.com

MARCH 14, 2024

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. Project Management Office (PMO): A PMO is responsible for defining and maintaining the standards for an organization’s project management. This will inform your schedule and budget.

Budget 409

Budget PMO Defining Estimate 409

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.

Software Review 383

Software Review Software PMO Monitoring 383

Rebel’s Guide to PM

JULY 6, 2022

Not you as an individual, not you as a PMO, not you as a group of dedicated project managers. You’ll probably have some big picture goals, maybe some company values, and a strategy, that have been set by executives responsible for strategic planning. Does the project have an executive sponsor? You can’t do it all.

PMO 447

PMO Initiating Software Review Executing 447

Rebel’s Guide to PM

JANUARY 28, 2019

More recently, my projects have been operating under a formal PMO structure, and much of what goes in a project management plan is basically repeating the formal processes. There’s no point creating a plan document just to say, “We do it the way the PMO mandates, just like every other project in this company.”

PMO 371

PMO Budget Initiating Software Review 371

Rebel’s Guide to PM

MARCH 18, 2021

Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. Here are some of the typical reports produced on a project: Quality report Risk report Status report Formal records for particular stakeholders eg a highlight report for a sponsor or monthly reporting for the PMO.

Logistics 511

Logistics Artificial Inteligence PMI Performance Measurement 511

ProjectManager.com

JUNE 15, 2021

Project managers plan, budget, monitor and report on the project with project management tools , sometimes pitching the idea of the project or being assigned to it once it’s already been approved. The project manager is the bridge between upper management, stakeholders and the teams tasked with the actual execution of the project.

Certification 476

Certification Prince2 Monitoring PMI 476

Rebel’s Guide to PM

OCTOBER 15, 2021

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. Check with your PMO. It could be over budget, running behind schedule or have uncontrolled scope changes (or all three).

Software Review 384

Software Review PMO Risk Management Closing 384

Rebel’s Guide to PM

MARCH 12, 2022

The phases of a typical predictive lifecycle are: Idea or concept phase Initiate Plan Execute Close. The PMO will specify the route your project has to follow. If you are new to the idea or thinking about implementing one for your PMO, here is an example so you can see how it works. Your lifecycle might look a bit different.

Prince2 406

Prince2 Governance Government PMO 406

Rebel’s Guide to PM

JUNE 13, 2024

That meant there were some key things missing from the project's paperwork and the most important thing missing was which budget was going to pay for it. More recently, my projects have been operating under a formal PMO structure, and much of what goes in a project management plan is basically repeating the formal processes.

PMO 349

PMO Software Review Budget Risk Management 349

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.

PMO 170

PMO Sustainability 2012 Underperforming Technical Team 170

ProjectManager.com

DECEMBER 7, 2023

Projects aren’t executed in a vacuum. It’s easy to get lost in the planning and execution as these are foundational processes that help deliver successful projects. These constraints include the cultural, political, legal and environmental landscape in which the project is being executed.

Underperforming Technical Team 375

Underperforming Technical Team Influencer PMO Governance 375

Rebel’s Guide to PM

JUNE 19, 2024

For example, using your project management software , budgeting and forecasting (although you would involve Finance for that) and scheduling. You’ll make sure that project management processes are being followed, with the support of the PMO. They need a blend of both technical and soft skills.

2024 321

2024 PMO Governance Government 321

Rebel’s Guide to PM

JULY 9, 2021

Summary review of Sciforma: Sciforma is a PPM tool that has powerful portfolio management features and will level up your PMO. Sciforma offers projects, portfolio, strategy execution, execution and resource management across the whole enterprise. Budget Management. You can build capex budgets. Website: [link].

Software Review 405

Software Review 2021 PMO Agile 405

Rebel’s Guide to PM

JANUARY 23, 2023

The project manager , another project manager, a PMO person, or a risk audit person could carry out the audit. Audits are part of internal controls on a project and fall under the governance arena, so if you have specific PMO team members who look at governance, they are the ones to ask. Who carries out the risk audit?

Risk 408

Risk PMO Risk Management Governance 408

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. Start with this quick-start post to becoming a Savvy PMO. The Journey to Becoming a Savvy PMO.

PMO 142

PMO Leadership Governance Government 142

ProjectManager.com

DECEMBER 5, 2024

Project portfolio management (PPM) is the centralized management of all projects within an organization to ensure that they align with the overall strategic goals, deliver value, and are executed efficiently. The project portfolio template is simple in design, but very useful in execution. One row is crucial, the other not crucial.

Software Review 248

Software Review Risk Management Estimate Executing 248

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. On the other hand, if an organization has underdeveloped management, the more likely that its projects will have trouble meeting deadlines and staying on budget. Let’s define each of these five stages.

Underperforming Technical Team 371

Underperforming Technical Team Risk Management Software Review Budget 371

ProjectManager.com

MAY 14, 2024

Project Managers Program Managers Project Portfolio Managers Project Management Office (PMO) Executives & Board of Directors Department Managers Business Decision Makers Free Project Status Report Template The RAG status is used when making a status or portfolio report. They are as follows. There’s even a risk management overview.

Software Review 391

Software Review Budget Closing Risk Management 391

ProjectManager.com

DECEMBER 13, 2022

This will give you an idea if it’s the right strategy to execute your portfolio management. Lean portfolio management is a process by which strategy is aligned with execution using a lean approach and agile portfolio operations and governance. For example, executive leaders are crucial to effective implementation.

Lean 361

Lean Software Review Manufacturing Governance 361

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. The budget is overspent by more than 10%/outside tolerance.

Software Review 291

Software Review PMO Risk Management Closing 291

ProjectManager.com

AUGUST 29, 2023

Its main purpose is to serve as a reference that is compared against the project performance once the execution phase begins. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. This is usually executed with online Kanban software.

Software Review 418

Software Review Underperforming Technical Team Lean Event Chain 418

Rebel’s Guide to PM

MARCH 14, 2024

25% of PMO directors say that AI has disrupted their PMO ( Capgemini ) – and I’m sure that number will only continue to rise. 65% of project managers say that they are most likely to use AI during project deployment and execution phases. Let’s look at some more statistics about the benefits of AI.

Artificial Inteligence 384

Artificial Inteligence Technical Review 2028 PMI 384

Project Bliss

OCTOBER 3, 2017

You would evaluate whether the organization could improve the way projects are executed and determine if the projects are delivering the expected benefits. You’d have more interaction with executives to discuss overall direction to understand the corporate strategy. PMO (Project Management Office) Manager / Director.

Underperforming Technical Team 237

Underperforming Technical Team PMO Finance Executing 237

Rebel’s Guide to PM

JANUARY 31, 2024

Put the time in the calendar or add the tasks to your plan during the project execution phase. Also, if you have internal auditors or a Quality Assurance function, or someone in the PMO who can do an informal (or formal) project review, book that in as well. But, projects rarely have dedicated budgets for training.

Software Review 342

Software Review Technical Review Budget Defining 342

Rebel’s Guide to PM

NOVEMBER 21, 2022

I started with the high level process steps – initiation , execution, testing and so on. This is a huge advantage for a PMO (even a fledgling PMO in a team that is just getting on the ladder with project management). As well as a baseline, you can track SPI, EV, and progress against budget. Then added the detailed tasks.

Software Review 406

Software Review Software Agile Estimate 406

MPUG

MARCH 30, 2020

PMI describes the Project Management Office (PMO) as a strategic driver for organizational excellence. The PMO seeks to enhance the practices of execution management, organizational governance, and strategic change leadership. After two years, the PMO most likely dissolves. After two years, the PMO most likely dissolves.

PMO 111

PMO Technical Review Governance Government 111

ProjectManager.com

OCTOBER 30, 2024

While professional services encompass a variety of specialized fields and rely heavily on expertise and knowledge to deliver value to their clients, effective project management is crucial to ensure that projects are completed on time, within budget and meeting client expectations. Get started with ProjectManager today for free.

Software Review 285

Software Review Underperforming Technical Team Consulting PMO 285

Rebel’s Guide to PM

JUNE 3, 2019

There’s no point in creating a dashboard that includes a box about forecasted budget if you don’t have any expenditure on your project because it’s all non-costed internal resource. You can track budget by phase. You can show real time budget variance and estimate to complete. BVDash Project Budget Example.

Software Review 304

Software Review PMO Budget Software 304

ProjectManager.com

MARCH 24, 2020

But who is going to execute that plan and turn the abstract into the practical? While there might be a more superior position, like executive sponsor, for most projects there is a project sponsor sitting on top of the project roles pyramid. They tend to monitor the budget and hold the purse strings of the project.

PMO 220

PMO Software Review Monitoring Executing 220

nTask

APRIL 7, 2021

This is where the Project management office (PMO) enters the scene. Companies, now, rely on PMO to counter the problems encountered during project management. PMO not only adds to the efficiency of a project but also helps enhance the overall productivity of a team. What does PMO mean? What is PMO?

PMO 133

PMO 2016 Controlling 2020 133

Rebel’s Guide to PM

DECEMBER 13, 2022

It helps project managers to make decisions about how to best complete a project within the iron triangle constraints of time, budget, and scope – and all the other constraints that fall outside the somewhat outdated triangle model! What fits with your current PMO might not work in a new organization if change jobs. Define your goals.

Leadership 378

Leadership PMO Defining Agile 378

ProjectManager.com

NOVEMBER 8, 2022

Resources are anything you need to execute the project plan. The project schedule and its budget will greatly influence resource forecasting. The most obvious is that it allows project managers to know what they’re working with and how to use those resources effectively to get the project done on time and within budget.

Software Review 366

Software Review Underperforming Technical Team PMO Planning 366

ProjectManager.com

OCTOBER 27, 2021

Every single project is really hundreds of smaller projects to control—it takes so much time and energy to deliver just one project on time and within budget! That’s why multi-project management is a challenge that requires a project management office (PMO) or experienced project manager to manage resources and team members.

Software Review 364

Software Review Certification Budget Controlling 364