article thumbnail

Professional Services Industry Fundamentals

ProjectManager.com

Professional services apply to a wide range of industries. The professional services industry is large and to better understand it, we define the term and provide examples of professional services firms. There are more than these six, but they provide a bit more insight into the professional services industry.

article thumbnail

Organizational Project Management (OPM) Basics

ProjectManager.com

Program management is found in many industries, such as business, government and non-profit. Project Management Office (PMO) A project management office (PMO) is a group within an organization or outsourced by the organization to help projects by providing support and making sure the projects comply with best practices and standards.

PMO 466
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

PMO stands for project management office and it’s responsible for the project management standards in an organization. Either way, it’s run by a PMO director. There are different types of PMOs, all headed by a PMO director. What Is a PMO Director? The responsibilities of a PMO director are varied.

PMO 459
article thumbnail

PMO as a Service (PMaaS): Benefits, Disadvantages & Best Practices

ProjectManager.com

A project management office (PMO) as a service (PMOaaS) is a way for companies to execute their enterprise strategy. PMO as a service or project management as a service seeks to do many things from increasing project managers’ capacity to streamlining processes through automation. What Is PMO as a Service (PMOaaS)?

PMO 417
article thumbnail

Managing Multiple Projects: Statistics

Rebel’s Guide to PM

This wasn’t a survey about project portfolio management at the PMO level. 16% have workloads prioritized by the PMO 17% have workloads prioritized by their manager And if you don’t have those in place, or another way, then the only option is to try to work out what is the most important work yourself. A project manager says.

2024 318
article thumbnail

How Project Prioritization Scoring Models Help Organizations

ProjectManager.com

The matrix divides products into four categories: stars, high market share in a fast-growing industry; cash cows, high market share in a slow-growing industry; question marks or problem child, low market share in a fast-growing industry; and dogs, low market share in a slow-growing industry. But thats not all.

article thumbnail

The Challenge of Building a PMO: Why Experience Matters

The IIL Blog

By The PMO Squad August 21, 2024 Building a Project Management Office (PMO) is a complex endeavor, often underestimated in its scope and challenges. Many organizations task leaders who have never built a PMO before with this monumental responsibility. This frequently leads to suboptimal outcomes and even outright failure.

PMO 88