One of the most complex functions large PMOs manage is the prioritization of the organization’s portfolio of projects. Thankfully, artificial intelligence capabilities offer ways to create scenarios that provide helpful options.
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This webinar will discuss the insights of PMI-commissioned research and showcase an anti-corruption toolkit that has been developed for project-based organizations. The toolkit provides useful suggestions on assessing and improving the organization's overall performance in tackling corruption. The research analyzed the code of conduct and professional practice of 22 of the largest construction companies and found six main insights reported in the codes of conduct.
Although the construction sector is strongly project-based and represents a major segment of the global economy (13% of GDP $ 10 trillion in 2018 projected to $14 Trillion by 2025), little is known about whether and how Project Portfolio Management (PPM) can provide benefits in this important sector. The research team from Australia and the United Kingdom investigated approaches to strategic alignment and PPM through inquiring into project-based practices of organizations in the construction sector.
Save Time With Tools + Templates
This template is meant to guide the preparation of a financial management plan for a project. Generally, these types of plans are used in construction projects with long-time execution, such as EPC projects. Depending on the type of project and the delivery method, this template must be adapted according to the contractual requirements and company standards.
This template was developed for its use on construction projects. However, its format and ease of data entry allows it to be easily transferrable to numerous disciplines. The sample template shows one Project Package, which is further categorized into three Project Phases.
This template is a sample Weekly Project Report originally utilized in an EPC (Engineering, Procurement, Construction) Gas Chemical Project. The report contains sections for project control (project progress, manpower status, area of concern, shipment status, delivery status); QA/QC status; HSE status; and more. Adapt as needed for your own project.
This template includes important checklist items that need to be covered when visiting a site in order to define deliverables, as well as assess budget and timeline estimations to use on any audio visual installation project (specifically for presentation systems in classrooms and auditoriums).
Learn From Others
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The pandemic forced the construction industry to reconsider certain givens about program management best practices. What will program management look like as vaccinations continue and re-openings ramp up? What is the new normal for construction program management?
This article shares how some major risks were handled and what lessons were learned from an oil refinery’s mega-turnaround in the Middle East region in 2020.
This article shares the challenges a PM experienced while managing the construction of a 5-star hotel on the Caribbean island of Grenada during the pandemic—and how he navigated through change management to stay on track.
During the execution of large-scale construction projects, the occurrence of conflicts is probable due to variations to the project. Dispute resolutions can be considered as projects in and of themselves and require preparation. Integrating these recommendations and lessons can increase the quality of claims and limit the costs of elaboration.
Faced with a project that had no defined scope and no project manager, this practitioner took on the role. Since then, he has completed dozens of similar projects and worked out a reliable general process with five steps.
In complex infrastructure projects, external stakeholders may have the greatest impact due to land acquisition problems, right of way issues, environmental issues, and government regulations. Using case studies, this article presents the challenges of stakeholder management and supplies tools to help find solutions and ensure positive outcomes.