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Let’s face it: In the project/program/portfolio management world, delivering real value seems to be the most elusive aspect of any PMO. And because of this, the PMO seems to be one of the first places organizational leaders look to “right-size” or “optimize,” reducing the impact and potential value PMOs might generate for their organizations.
There are a lot of different PMO models in place, but is there a consensus view on how many PMOs an organization should have…or at least how multiple PMOs should be structured?
Shaping a PMO that adds value in a simple, straightforward way is a challenge that many PMO leaders would be hard-pressed to achieve. For those of you new to leading a PMO or struggling to wrap your arms around PMO processes, this article should help.
An organization’s ability to achieve its goals is dependent on many things, but nothing is more critical than selecting the right projects to deliver those goals, and that means you need the best candidates. How do you maximize the chances of that happening? Start with the ideas.
Consolidating and reporting all aspects of a project can be a challenge. Experience with managing projects teaches the importance of emphasizing relevant data versus following a prescribed format—follow these key points to create a template for dashboard reporting that is tailored to the needs of your audience.
Organizations with projects that compete for limited resources may be able to optimize performance of project portfolios and achieve better business results via a rules-based task management system. Learn how to “right track” projects with prioritization rules and visible metrics.
Portfolio management has made it to the North Pole. The holidays may never be the same again...
As organizations become more project-savvy, the concept of portfolio management is gaining some momentum. While inherently complex to set up, manage and measure, a portfolio results in benefits that are worth the pains involved. The question is, what do organizations need to know and do if they wish to take up a portfolio management approach?
In the ongoing effort to link strategy with project execution, one entity can have a huge impact on an organization’s ability to achieve its goals and objectives — the strategic PMO. Here is an overview of an “up and out” approach that integrates groups and functions, dealing in the "currency" of relationships.
Developing the business acumen to understand and provide the right feedback to senior leadership to pick and choose the right projects that will help achieve the larger strategic objectives is essential for the modern-day PM. Are you ready for the challenge?
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"It has become appallingly obvious that our technology has exceeded our humanity. " - Albert Einstein |
