ProjectManager.com

DECEMBER 6, 2023

Usually, companies have a project management office (PMO) that will oversee the portfolio or program to ensure it meets strategic goals. These are high-level positions for people who already are tasked with managing projects, programs and portfolios as well as the aforementioned PMO. Let’s take a moment to define these positions.

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Planning PMO Manufacturing Logistics 391

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

Bridge the Gap Consulting

APRIL 24, 2023

You’ve done the PMO Assessment. Then you created the PMO Business Case. You’ve been to meetings and finally got approval to establish your PMO. Now, I’ve seen PMO Establishment and Implementation called out as two separate steps. Ensure your PMO will properly staffed. Budgeting Control.

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PMO Governance Government Budget 52

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.

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Budget PMO Defining Estimate 367

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. It’s like a central hub that helps make sure projects are done right, on time, and within budget. Read on to learn more about PMOs. What Exactly is a PMO?

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PMO Executing Controlling Risk Management 78

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.

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PMO Leadership Governance Government 142

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 343

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.

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PMO Technical Review Governance Government 111

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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PMO Cadence Governance Government 52

WorkOtter

MAY 23, 2023

Setbacks in productivity can damage the success and growth of your business, which is why setting up a Project Management Office (PMO) to help handle and oversee various projects at once is a great way to avoid these issues. What Exactly is a PMO? Setting up a PMO can help with many different components of a business.

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PMO Finance Controlling Defining 78

Planview

MAY 9, 2023

In anticipation of International PMO Day, we began curating the stories for this PMO case study roundup several weeks ago. The PMO has a long history of driving significant benefits for the business. Partnering with Planview, Cognizant created a multidisciplinary team to build and implement the enterprise PMO roadmap.

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PMO Transportation Governance Government 78

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

Project Risk Coach

NOVEMBER 14, 2022

This often comes in the form of completing the project on time, within budget, and within scope. Organizational Structure Type Project Manager’s Authority Project Manager’s Role Who Manages the Project’s Budget? Information Technology) or in a Project Management Office (PMO). There are different types of PMOs.

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Risk Management Risk Underperforming Technical Team PMO 396

Rebel’s Guide to PM

APRIL 10, 2023

It sounds simple – we all know we should do it, but it’s hard to know where to start for a new PMO. It’s everything a novice PMO Manager needs to know to support her project managers at work. Reading this was a pleasure; I’m sure I’ll refer to it again in the future – and if you work in a PMO, you should too.

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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

Rebel’s Guide to PM

FEBRUARY 2, 2024

For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. 6: Review the budget Is the budget approved? Action if there is no budget plan or information: Back to the PMO or your Finance team. Action if you can’t find out: Talk to the PMO again.

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PMO Governance Government Budget 296

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?

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PMO 2016 Controlling Executing 133

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.

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Software Review PMO Risk Management Closing 280

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.

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Software Review Budget Closing Risk Management 311

Rebel’s Guide to PM

JULY 24, 2023

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. And we haven’t yet received the mandate to do a deep dive into requirements and scope that would enable more accurate results from the budget forecasting.

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Estimate PMO PMI Budget 279

Planview

JUNE 28, 2019

Funding practices—that is, the way budgets are allocated throughout the organization—dictate nearly every business outcome. When implementing Lean-Agile practices at scale, organizations quickly realize that their push for agility conflicts with traditional budgeting and cost accounting practices. This is where Lean budgeting comes in.

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Lean Budget PMO Underperforming Technical Team 103

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.

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PMO Sustainability 2012 Underperforming Technical Team 170

Rebel’s Guide to PM

FEBRUARY 12, 2024

Unfortunately I’m not able to say, “I’m struggling with Excel right now, I really don’t have these budgeting skills, so we won’t bother to have a budget tracker on this project.” Budget management is definitely a skill to develop because it is useful in future roles too – say, if you move into a role with a P&L responsibility.

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Finance Risk Management Budget Risk 313

International Institute for Learning

JANUARY 25, 2023

How do we know PMOs are in poor health?  Check out the latest stats from the 2022 Research Report from The PMO Squad: Only 43% of PMOs would rate themselves as successful,  78% don’t have a process in place to measure PMO Value, and  Only 59% measure executive leader satisfaction.  Don’t be a statistic.

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PMO 2022 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

Rebel’s Guide to PM

MARCH 14, 2021

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. And we haven’t yet received the mandate to do a deep dive into requirements and scope that would enable more accurate results from the budget forecasting.

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Estimate PMO PMI Budget 452

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).

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Software Review PMO Risk Management Closing 363

ProjectManager.com

DECEMBER 7, 2023

Then you can track the progress in real time to ensure the project is delivered on time and within budget. Therefore, it’s as important to the success of the project as staying on schedule, keeping to your budget and scope as well as delivering on quality expectations. Get started with ProjectManager today for free.

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Underperforming Technical Team Influencer PMO Governance 336

Rebel’s Guide to PM

MARCH 12, 2022

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. The PMO will normally have a gate review template or checklist for this, whether that is a document or slide deck or some other format.

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Prince2 Governance Government PMO 389

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?

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Risk PMO Risk Management Governance 390

Planview

FEBRUARY 12, 2020

These focus on how the Savvy PMO uses data to not only manage day-to-day operations but also prepare for the future. The right analytics and reporting help you continually align employees to strategic work and build the highest value project and product portfolio based on your resource and budget constraints.

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PMO Planning Budget 78

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. Your PMO should come up with (if they haven’t got it already) a list of the project prioritization categories. You may opt to do the top 10 projects, or as many projects as you can do until you hit your budget of $x. Step 5: Repeat.

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PMO Initiating Software Review Executing 432

Planview

DECEMBER 13, 2019

A healthcare PMO today must have a strong constitution. Not only are they faced with challenges unique to healthcare, PMOs are also going through the trends mentioned in our recent post, “ Conquer Your Business Transformation.” This is where the healthcare PMO comes in, but the group agreed that it’s presenting challenges.

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Healthcare PMO Innovation Lean 97

Teamweek

NOVEMBER 24, 2019

In the last decade, more and more corporations have developed a project management office (PMO) to benefit their business. To get started, you’ll want to learn more about PMO examples, how to set one up, and how to train your employees. What Is a PMO? PMO Examples. What is a PMO?

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PMO Underperforming Technical Team Artificial Inteligence Budget 52

Bridge the Gap Consulting

APRIL 6, 2023

Starting up or revamping a PMO is tricky and complex. If a PMO will help navigate these turbulent waters, it should not be on one or two people to determine its direction. Committed organizations will setup a PMO Steering Committee. I’ll start by saying a PMO Steering Committee is not a guarantee.

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PMO Governance Government Risk Management 52

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.

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Underperforming Technical Team Risk Management Software Review Budget 330

LiquidPlanner

JULY 30, 2019

Project managers wonder where the PMO fits in their career as many project managers are rewarded with more projects and higher complexity and scope—not detours into process, methodology, and compliance. If you are a PM who has considered a PMO assignment, you may have asked yourself these questions: Where does the PMO fit in this career path?

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PMO Infrastructure Risk Management Governance 102