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There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. We’ll also explain when to use lean portfolio management and how project management software can help you manage your portfolios better. What Is Lean Portfolio Management?
There is a chance that processes lean too far in the other direction too. Fix by: Work with the PMO to review the processes. Big complex projects need big, complex structures to support them with all the governance, oversight, and process that implies. Read next: 5 golden rules for writing project documentation.
E – Project Management Terms Earned value management (EVM) A way to measure project performance, and is commonly used in government projects. It is commonly employed in Agile and Lean projects, often in response to end-user feedback in product development cycles.
This might be a reasonable assertion as many PMOs were first formed to provide oversight over a portfolio of projects and enforcing standards sounds like the antithesis to agility. So what can a PMO do to actively support an agile transformation? Examining their own operational processes and leaning them out as much as possible.
This blog is part of a series on Lean portfolio management. If you haven’t already, we recommend reading part one first, “ What is Lean Portfolio Management ,” which you can find here . In this post, we’ll discuss a fundamental component of Lean portfolio management: funding. This is where Lean budgeting comes in.
Galen Low Galen Low, a client services professional and agile project delivery specialist, has over 13 years of experience shaping human-centered digital transformations across sectors like government, healthcare, and retail. He is the co-author of The Project Management Communications Bible and The Tactical Guide for Building a PMO.
XP, scrum, lean, etc.) I think when we think about how we are delivering our projects, we need to focus on Business Value, Customer Satisfaction, Governance and less about coming in on time and budget. Second, the use of lean and agile tools and methodologies beyond IT, software and manufacturing. Helena Lui. Helena Lui.
The role of the PMO is changing. We recently got an in-depth look into this new face of the PMO during our webinar – “What’s Ahead for the PMO?” She and I discussed the responsibilities, expanding skill sets, and strategic capabilities of the modern PMO – and how to advance in that direction. Types of Today’s PMOs.
For example, prior to the pandemic, structuring teams around specialist skills, building an amazing planning and resource allocation process (PMO), and putting in place as much automation as possible would for many be the holy grail of productivity. Expensive resources would be optimized. Keep teams and endeavors as small as possible.
PMOs are in a state of transition: ever shifting to support different teams, ways of working, strategic objectives, transformation programs, priorities, and more. Managing this level of complexity and constant change requires a modern approach to PPM – one that positions the PMO to become a more strategic creator of business value. “
This blog is part of a series on Lean portfolio management for the enterprise. If you haven’t already, we recommend reading: Part 1: What is Lean Portfolio Management? Part 2: Lean Portfolio Management: Lean Budgets and Investment Funding. Didn’t we just say that a centralized PMO undermined LPM?
If governance committees aren’t selecting the right projects which are in alignment with strategic objectives, and only kicking off as many projects as can be effectively staffed, it won’t matter how efficient, empowering or customer-centric the organization’s delivery practices are.
Leon Herszon as he sits down with Rodolfo de Acutis, the leader of the Global PMO, Strategic Programs, and Sustainability at one of the largest fast-moving consumer goods organizations in the world. He shares stories about his role leading a global Project Management Office and key success factors for a PMO that truly adds value.
Breaking news update: as I previously reported in the blog, “ Symptoms of the Zombie PMO ,” zombification is still proliferating in businesses throughout the world. In this updated report, I will expound upon the cures discussed by experts in the on-demand webinar, “ Avoiding the Pitfalls of a Zombie PMO.”.
At Stoneseed, we have the privilege of working very closely with a wide range of project teams: as a provider of IT Project Management as a Service (PMaaS) resources; Project Management Office (PMO) advisory and support; and Stoneseed’s P3MO Platform (our new innovative, structured and strategic approach to managing projects and programmes).
Today I’m interviewing Karen Chovan, MASc, PEng, PMP, who has dedicated her career to helping others deliver clean, lean and green approaches to project and programme management. I really am appreciative that I gained so many business skills at a young age, but I’ve still a lot to learn myself! I just wonder what will come next.
The past four blogs in our series are based on the whitepaper, The Agile PMO: 5 Steps to Driving Agility at Scale and have centered around how the PMO can guide the enterprise towards greater agility. It requires that the PMO start embracing agile. Part 2: Agile Transformation Requires Just Enough PMOGovernance.
Throughout this series, we’ve discussed the five ways to become agile, addressed the primary issues and roadblocks, as well as the critical steps required to transform the PMO, all based on the whitepaper, The Agile PMO: 5 Steps to Driving Agility at Scale. Part 1: Driving Agile at Scale: The Agile PMO. This must change.
Even in organizations where teams were already practicing Agile, it was common for senior leadership to favor the more traditional portfolio management due to their comfort with detailed project plans and heavier governance. Agile teams are largely self-governing. Compare this with the outcome-based approach of Lean-Agile practices.
Leon Herszon as he sits down with Rodolfo de Acutis, the leader of the Global PMO, Strategic Programs, and Sustainability at one of the largest fast-moving consumer goods organizations in the world. He shares stories about his role leading a global Project Management Office and key success factors for a PMO that truly adds value.
Joaquim’s response: The starting point was providing a governance framework that aligns the work of different roles to company objectives, KPIs, and cadence, with a good balance of rigor and flexibility. What was the biggest issue Santander encountered when incorporating the PPM solution with your existing PMO?
PMOs and process specialists spend months developing standard processes, methods, and templates to achieve predictable results. Believe it or not, the PMO doesn’t create a new template or a new process out of sadistic pleasure. Of course, project governance still needs to be in place to ensure the project doesn’t “run off the track.”
Agile is moving beyond technology and is now widely used in financial services, government, and professional services companies. StratEx has developed a unique Lean & Agile certification program that is methodology agnostic and teaches best practices from Lean, Agile, and the emerging field of DevOps.
When new to a role (in many business environments, not just IT Project Management), new managers tend to lean into making sweeping changes, it’s human nature. Call Stoneseed to find out more about the P3MO Platform and PMO Services on 01623 374056 or click here. Less broom, more polish! It’s all about working smarter not harder!
Lean-Agile Delivery : Process-driven work is flowed in for teams to execute on by leveraging lean and agile methods allow these teams to test and deliver more frequently and establish a continuous feedback loop increasing speed time-to-value. Connecting Strategy to Delivery.
There will be growth, albeit fuelled by higher Government and some consumer spending, and the UK will perform better than other European countries where political instability threatens to destabilise their economies. GREEN SHOOTS OF GROWTH Happily, we are seeing some green shoots of growth! Data is king!
Lean A project management philosophy that aims to maximize value while minimizing waste. Lean Six Sigma Combining Lean and Six Sigma methodologies to eliminate defects and waste. Project Governance The framework and guidelines for decision-making, responsibility, and accountability within a project.
A Project Management Office (PMO) isn't just about oversight; it's about empowering your projects to deliver real value. A well-implemented PMO can transform your project delivery process , ensuring that every project is set up for success from the start. Discover how a PMO can be a game-changer for your organization.
February 21-23 — International Conference on Lean Six Sigma and Project Management is suitable for you if you’d like to meet your peers and consider Lean Six Sigma and PM challenges as well as to exchange your ideas and experience. June 14-15, London, UK — PMO 2021 Conference is the largest UK’s conference for PMO practitioners.
The goal is to strike a balance between the structure and predictability of Waterfall for planning and governance, and the flexibility and customer focus of Agile. Teams must understand how to collaborate despite their leaning toward one methodology or the other. Why Use Wagile in Project Portfolio Management?
In this series of weekly sessions, we will demonstrate how you can effectively and easily align Strategy to Execution, with the use of principles such as Visual Work Management, Lean Thinking, and Pragmatic Agile to dramatically improve your work management and collaboration capability while enabling and empowering your people to take ownership and (..)
And you know, the manifesto had just been written and I was working as a project manager in a company called CheckFree here in Atlanta and squarely like in the PMO. And so, it’s that for a couple years, that group reorganized and I kind of find myself back in a regular PMO and I’m like, that’s not cool, right?
Lean & Test Driven Development (TDD) – 11%. Government – Federal. Government – City/State/Local. Project Management Offices (PMOs). PMO Popularity by Company Size: 61% of small organizations (<$100M) have a PMO. 88% of mid-size companies ($100M-$1B) have a PMO. 69% to 45% ). [12].
The City of Munich and the federal government invested more than 750 million euros to modernize the hospital and put it on a sound footing so that it can continue to offer excellent care to patients. . Meisterplan’s Lean PPM approach is a good example of this. The PMO must not be the trash can of the organization.
In this live talk with LeadingAgile’s Marty Bradley, we’ll dig into the topic of Enterprise Transformation and discuss how it’s different from a traditional Agile PMO. Applying Agile to Government Agencies w/ Richard Cheng. Mob Programming w/ Woody Zuill. In this live talk, we’re chatting with Woody Zuill about Mob programming.
When a new city or town is formed, a charter is written to define its organization and governing body along with its basic powers, procedures, and functions. Just like James Bond leans on his license to kill when he’s out in the field, the charter serves as a PM’s license to do what needs to be done in service of the project.
He gives strategic directions on project portfolio prioritization to the Confectionery business and supports project delivery with continuous improvement techniques and root cause mindset using rigorous Black Belt Lean 6 Sigma methodologies. Dr. De Acutis is certified in PMP-PMI ® , Green and Black Belt Lean 6 Sigma.
Such tools provide a solution to establish a prioritization process for projects that helps organizations govern their existing and future efforts. Comprehensive integrated planning with critical path method (CPM) and lean scheduling. Top Features: Visualize the portfolio workload with waterfall, collaborative, or Lean-Agile views.
The UK government developed PRINCE2, so if you’re planning on working in the UK, you might want to give this certificate a go. Lean focuses on moving the main goal towards valuable product delivery with fewer resources. The PRINCE2 Certification. This certification has three main levels: PRINCE2 Foundation. Tired of waste?
Holacracy takes a lot of its inspiration from Agile software development and Lean manufacturing. These rules govern how an idea is proposed, what gets worked on, and the process for governance and resource allocation. Holacratic rules and governance change when roles are combined, split, or changed.
Is it your PMO, individual project managers, or others? 55% PMO, and 45% individual project managers. Tad: Well good, clearly it is the PMO that is landing much of this, but it’s actually the innovation or strategy groups that start much of this activity. Today, we’re starting to see the churn again for PMOs.
A colleague at the time joked that we needed a “Source-Out-To-Help-Out” government scheme to remind project decision makers of all their options! From strategy to service delivery, this cost-effective model for project delivery is underpinned by Stoneseed’s PMO, methodology and toolset. And commit!”
We are a consulting company in the DC Baltimore area that specializes in project and portfolio management for about 80% of our customers in the government space, the other 20 in the commercial space. So, that’s done a lot more in the commercial space than it ever is in most government spaces. By education and training.
Audit: The process of analyzing a project to ensure that it is being governed as intended. Enterprise Project Management Office (EPMO): A dedicated department within an organization that's responsible for the governance of projects, programs, and portfolios across the organization. A project sponsor can request an audit.
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