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, …
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 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 …
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. …
In my previous article, I mentioned about what successful PMO’s do at the strategic level. To sum it up, they are strategically aligned, a vital part of the planning team, embrace core competencies, and show consistency in the project execution and yet flexible in their approach to managing change.So, the PMO have following key areas …
In today’ rapidly changing business environment, Project Management Offices (PMO’s) struggle to provide adequate support for the shifting priorities and faster delivery cycles. The basic reason for a PMO’s failure in an organisation has been that they have remained stuck to solely reporting and prioritization function focused on tactical project management. However, the need of …
You as a project manager have successfully completed a project and are already into the next project where the project charter has been signed and you have been appointed as the project manager. The project is authorised to kick off. Meetings with stakeholders have begun. The existing team has been released and already assigned to …
Measuring the Human Factor In my previous blogs, we discussed specifically on measuring Processes & Financials(see, How to track projects using e-PMO dashboard – I and How to track projects using e-PMO dashboard – 2 ) using a consolidated e-PMO dashboard. Now, let us look at measuring the most important element of the project – …
Measuring Financials In my previous blog we discussed specifically on measuring Processes using a consolidated e-PMO dashboard. Next, let us get to know more on how we can measure and use financial measures to effectively track Projects. Re-iterating the key points for measuring project progress…. 1) Ensure that the metrics are aligned with the organisational or …
Tracking Progress Having discussed on how to track projects effectively using metrics from a PMO perspective, (see How to use Project Metrics into effective use) , let us now look into each of the measurement aspect using e-PMO dashboard. Revisiting some of the key points again…. First and foremost: 1) Ensure that the metrics are aligned …
You can watch the summarized video presentation here. What gets measured gets controlled and finally delivered!! In fact, every project manager uses some sort of statistical measurement to help track the progress and delivery of projects and programs. For this, the project manager relies on Metrics. Metrics can be used …
RACI stands for Responsible, Accountable, Consulted and Informed. Sometimes it is also referred to as RASCI – where the additional S stands for Supportive. Where:Responsible – implies the person who “owns” the project. Accountable – Person to whom R is accountable. He is normally the person who would sign off or approve …
Read more “RACI method made simpler – for use in Project Management”
1) Ensure early visibility of the project and that sponsors, stakeholders and team members are all aligned. 2) Ensure that project plans have clear ownership. Adhere to relevant and tailored processes for the given project. 3) Ensure that communication plan is set-up much ahead during the initiation stage. Focus on effective communication …
Image courtesy: Thomas Ulrich from Pixabay Project Management core processes and Knowledge Areas remain fundamentally same; however, the way it is applied in different industries or scenarios varies. Truly, the PMBOK mentions about tailoring the project management processes based on the project requirement. Here, I have put across some points to help manage mobile application development-based projects. One …
Read more “Project Management Tips for Mobile Application Development”
We all look forward to the idea of having an effective time management in place. I thought this as a good idea and opportunity to list all the practical tips based on my own as well as other project manager’s experience… I believe this will help a greater audience in managing their project schedule in …
Read more “Practical Tips for Effective Schedule Management”
10 COMMANDMENTs FOR EFFECTIVE RISK MANAGEMENT The main idea is to list out the important aspects that can help in effective risk management. You can view the summarized video here. I – Thou shall ensure that the importance of risk management has buy in from top management. II – Thou shall involve all stakeholders during …
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