#Respect is earned by one through one’s #actions and #behaviour. However there are those who demand respect just because of their authority or position. How often do you encounter such situations. Have you come across such a scenario. Let me know in the comments.
Every organization should strive to imbibe a motivating, inclusive and exciting work culture… Reply with your thoughts.
Leaders should learn NOT to micromanage by building a trustworthy environment.Employees should learn to get into each detail and build on that trust. What do you think? Please share your thoughts in comments
People competing end up struggling forever. People higher up collaborate. What’s your take on this. Please let me know in comments.
If you desire for something you never had… Just put your head down and work on it. – Life Quote, Success Quote
“We make an impact based on the decisions we take out of our risk taking capacity.” Let me know your thoughts on this in reply.
Happy Sunday. Heres a thought to ponder over on success. We all learn from our #mistakes.. is a cliche. Why I say this is because, though we do, if the mistakes are not utilised as platforms to learn and #improve, they become a mere excuse for not getting #success and blaming the failures on situations, …
A crucial part of staying focused is to avoid distractions. Distractions are not just external, but internal as well in the form of negative thoughts or self doubts. The key is to silence these distractions to enable focusing on your vision, life goals, or even the task at hand.
Congratulations! you have set-up your PMO successfully. You ran your pilot projects, set-up processes and dashboards. Figured out the risks/issues, metrics and set-up the systems to manage the processes, templates and project plans. You then managed to expand the PMO services across the org through all projects and programs being ran. As you move forward and …
Read more “Setting up a PMO – Phase 4 – Continuous Improvement”
So you have the high level roadmap, a justified business case and a detailed plan to start executing the plan for setting up the PMO. So what are you waiting for? Lets start implementing the PMO Set-up. Quick Wins However, as discussed in the previous article, the things to take care during the roll out …
Read more “Setting up a PMO – Phase 3 – Rolling out the Plan”
In my previous article, we talked briefly about the first phase of setting up the PMO where we understand the current state and have a high level discussion with the stake holders and senior leadership to understand what we want to achieve in the PMO and where do we want to reach. In this article, …
Alright!! So you are all looking forward to setting up the PMO in your org. So, how do you really go about it. As you would have read in my previous article on Setting up the PMO, the right way, there are steps and phases that can help guide you to successfully set-up and run …
Every team, department or an organization grows over a period of time due to its well defined plan and path, execution and continuous improvement through regular and timely feedbacks. Same is the case with PMO. So, a PMO can be set-up by following the below mentioned phases: Phase 1 – Evaluate the …
When an organization sets up a PMO for managing projects, it consciously or subconsciously has the expectation of the following goals or benefits from a PMO. Functional goals Structural goals Disciplinary goals Functional goals are mostly related to the functions the PMO is going to focus on. Is the PMO needed to set up just standards, …
Here are a few project budgeting tips to keep in mind when working on the project plan and the budget. Level of details of the budget depends on the culture of the company. (In fact, in many companies, the budgeting is taken care by financial specialists who take the planning details from the project or …
In this session of Project Budgeting, let us explore on estimations. While progressing the planning of projects, there are 3 steps or phases in estimating. 1) Rough Order of Magnitude – This is the estimations that are usually done in the initial phase of the project when the team does not have enough knowledge on the …
In my previous blog, we discussed about some key steps that can help in project budgeting. In this session lets look at the typical costing standards that one needs to keep it in mind during budgeting process. TYPICAL COSTING STANDARDS Number 1 and most important which many overlook is to check with the accounting department …
Read more “Project Budgeting – Typical Costing Standards & Factors”
In this article, let us go through the steps to come up with the project budget. Create an initial budget using the WBS Once you have the WBS created during the planning phase, assign resources to the tasks. Add the capital/machinery/equipment and overhead expenses as well. Associate and link it to the accounting system and …
Way back when I started my blog, I had started with a detailed explanation and steps on how MS Project can be used to track Project budget and track the project budget vs actuals by using the earned value management concept. Here,we will focus more on the tips on how to manage the overall project …
Program Management Office (PMO) has been an important aspect of any organization delivering products, projects or providing services. PMO is usualy needed for a number of reasons. The benefits of PMO are but not limited to: Bring in consistency in delivering products, projects or services. Provide transparent reporting. Ensure effective investment in all the projects. …
Let us understand the role of the portfolio manager and how it differs from the role of project and program managers. Unlike project and program managers, portfolio managers do not actually manage work or teams, although they may have a portfolio management team. They manage the intake and performance of the portfolio, as well as …
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