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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?
Unlock the strategies to overcome key PMO hurdles—mastering resource management, driving change, and streamlining processes—with expert insight from Athena Smith, Senior Director, Portfolio Management. PMO Strategies Does your PMO have a traditional project focus, a more product-oriented approach, or a blend?
Career paths tend to lean towards larger, more complex and more strategically important projects, or program management. While you can incorporate some of these elements into your job if you manage a PMO or a large division, its going to be far more effective if you have the support of the exec. What does a portfolio manager do?
Creating a strategic PMO doesn’t require rebellion, here are some steps to take to bridge the gap between project management tactics and company goals. Project managers (PMs) and the leaders in the Project Management Office (PMO) are crucial resources in any efficient business. Step 1: Get outside the silo.
Lindsay Scott is the director of Manchester, UK-based PMO Learning Limited which is dedicated to helping PMO professionals get the most out of their careers with training and organizational development opportunities. He writes consistently on his blog about software development and lean, Kanban and agile development principles.
Portfolio Management Offices are in a prime position to deliver this business agility – with the right PMO roadmap. Peter, who wrote the book The Lazy Project Manager , drew upon his 30 years of experience building and leading PMOs to provide some guideposts. Can you go over Lean versus Agile? But keep it as Lean as possible.”.
There is a chance that processes lean too far in the other direction too. Fix by: Work with the PMO to review the processes. Everyone needs to know what is required from them so they can work to the right level of structure. Read next: 5 golden rules for writing project documentation. Processes are too bureaucratic.
What to Expect: Sessions focus on agility, software engineering and lean business. Future PMO. Future PMO is a one-day event that is for PMO and project management professionals of all levels. Speakers include Federico Vargas, CEO, GE360 and keynote speaker Laura Barnard, training and consultant, on PMO strategies.
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.
XP, scrum, lean, etc.) Second, the use of lean and agile tools and methodologies beyond IT, software and manufacturing. Visual, lean tools that truly engage all team members are going to become essential. Lean in a little more to the opportunities before you. He has 20+ years as a project manager and PMO leader.
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. Obsessing over vanity metrics such as velocity or time to market rather than business value delivered or shipped features utilized. Failing to inspect and adapt.
H – Project Management Terms Hybrid methodology Refers to the use of two or more separate methodologies on a project, commonly a blend of Agile and Waterfall project management methods, though sometimes incorporating Kanban, Lean or other methodologies of project management.
Every aspect of what you need to run a PMO has already been thought-through and created for you. That means you don’t need a PMO system admin or analyst to manage the product. No requirement for a central PMO admin person to maintain the system. And lots of others. Or you could start from scratch. Your choice.
Agile , lean, predictive methods, iterative approaches – and the guidance from professional bodies like APM, PMI, and the Standard for Project Management now all includes content on values, and soft skills that underpin how we work. What fits with your current PMO might not work in a new organization if change jobs. Define your goals.
Bill Dow With over 25 years in IT and 23 focused on project management, Bill has built six project management offices (PMOs) from scratch. He is the co-author of The Project Management Communications Bible and The Tactical Guide for Building a PMO.
XP, scrum, lean, etc.) During 2018 I will be launching an update to my online PMO course, The PMO Lifecycle: Building, Running, and Shutting Down , I have brand new webinars in the works with materials never been shared before all based off of my Project Management Communication Tools book, and my PMO Lifecycle book.
This year’s RICS project management conference has the theme ‘Remaining Lean and Agile in a Changing Work Environment’ I’m not sure if they are partnering with the APM as in previous years but the agenda is already up on the site and looks interesting. PMO Conference UK: London, UK, 13 June 2018.
You don’t need a formal project management office (PMO) to understand your resource capacity. Lean teams must collaborate well and trust each other. The post Small business tips for managing projects with a lean team appeared first on LiquidPlanner. Let today’s specialized technology solutions do the heavy lifting.
XP, scrum, lean, etc.) My PMO Lifecycle: Building, Running, and Shutting Down course is going strong and I will be launching updates in 2019 that will really help PMO Managers be successful. You can get to the online course here: The PMO Lifecycle: Building, Running, and Shutting Down. Helena Lui. Helena Lui. Leigh Espy.
Again, lean on the team to put together estimates that are reliable: working with the correct numbers makes everything easier and helps you avoid common scheduling mistakes ! As long as you understand and can explain the figures, you don’t have to crunch them yourself if you trust the reports from your PMO or tools.
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?
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.
PMP certificaction required; PMO experience preferred. Knowledge of agile and lean approaches such as Scrum, Kanban, SAFe, among others. Business administration, management, leadership and related fields. 10+ years experience in project management, especially larger projects with established firms. Proven leadership skills.
My job is twofold – I am a project manager and a PMO Manager. You'll also like: Inspiring Women in Project Management: Karen Chovan 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.
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.
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.”.
Perhaps we might begin with the PMO. Since PMOs lead the project management community – either directly or indirectly, according to your PMO model (see appendices) – then by considering what the best PMOs offer we can gain some insight and see that: The best PMOs have consistent, repeatable PM practices across the enterprise.
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.
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.
However, the traditional hierarchical management approach is evolving, giving rise to the concept of servant leadership within PMOs. Servant leadership is a leadership philosophy where the leader’s primary focus is on serving and empowering team members within the PMO. Tangible Benefits. Selecting the Right Tools.
Saddest is that given decades of UCD and HCD as our key processes, SAFe picked “Lean UX” to add to their model. Lean UX is neither Lean nor UX; don’t be fooled by the name. But you can see why SAFe liked Lean UX. Lean UX is a model where UX has no real power to do much or make decisions. Better risk identification.
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 PMO Governance.
Many project managers utilize a Lean-Agile approach when there is high change or churn in project requirements, significant lack of clarity in scope, high complexity to their projects, and/or a larger number of risks associated with such. Two Lean-Agile Types. Iteration-based Lean-Agile. Flow-based Lean-Agile. Flow-based.
In my last blog, “ Agile Transformation: The PMO’s New Paradigm ” we covered the significance of embracing different types of work and the role that continuous planning plays in becoming an Agile PMO—but that’s only the beginning. Part 4: The Move to Product-Centric Portfolios. Redefine Success. Adapt Your Funding Approach.
The PMO Series (5): The PMO as the Driving Force of Agile Transformation. Process Optimization in Project Management (3): Lean Project Management. Digital Transformation Projects (3) - The Path to Digital Transformation. Process Optimization in Project Management (1): Steady Progress with Kaizen.
Rather than having business executives, finance analysts and PMO staff spending weeks coming up with the perfect roster of projects for the next year only to realize a month or two into the year that their plans have been disrupted by domino effect delays, new priorities or resource shortfalls, portfolio planning needs to be an ongoing activity.
Translating caring and creativity into action is not lost on the Hallmark PMO, who is responsible for maximizing the company’s investments while reducing its risk. Charged with finding a collaboration tool for project teams, the PMO hoped to make significant changes to how resources and projects were managed.
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. “
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.
As a global PMO team member for the world’s leading aviation trade organization, his work days are often extremely stressful. Having finally had enough of the spreadsheet chaos within his PMO and the larger organization, Giorgos decided to make a change. Working out of spreadsheets can make life stressful—unnecessarily so.
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).
Executives expect PMOs to be the catalyst for this change. Success requires becoming a more “Adaptive PMO,” evolving how you plan, govern, and empower delivery teams to do their best work. This transition can be uncertain, but Planview is working with PMOs to make it easier as this new video demonstrates.
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.
Saddest is that given decades of UCD and HCD as our key processes, SAFe picked “Lean UX” to add to their model. Lean UX is neither Lean nor UX; don’t be fooled by the name. But you can see why SAFe liked Lean UX. Lean UX is a model where UX has no real power to do much or make decisions. Better risk identification.
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