The PMO supports the establishment of a project management culture in organizations with low maturity. This article will provide some additional tips on how to position the PMO as a partner to top management to reach its vision of business excellence and help drive change. Implement the five guidelines to deliver higher value and support strategy execution.
Project management is changing dramatically. How is that being managed in your organization? Care needs to be taken to ensure that project managers remain motivated and engaged.
Why isn’t project portfolio management delivering on its promise in so many organizations, and what can be done about it? It starts with building a strong foundation of processes for idea generation, business case development, project review and selection. Here are guidelines for making it happen.
The difference between a successful Project Portfolio Management implementation and a drawn-out process that fails to make the most of your investment often comes down to a lack of planning and poor change management. Here are six questions to ask before the kickoff to ensure you set the right expectations, with the necessary support and staffing.
An organization’s cultural behaviors, processes and tools shape the way project information is reported, which, in turn, shapes decision-making at the executive level. In order to improve visibility into project portfolios, we must first reduce the fear of raising red flags — and then go beyond our comfort zones to start looking differently at what we see.
The strategic PMO goes beyond tactical execution and helps an organization bridge the gap between high-level strategy and project implementation. Here is a roadmap to get there by focusing on capabilities, prioritization, resource allocation, value realization and, ultimately, delivery, which encompasses measuring, understanding variance, predicting, realigning and reallocating.
As we turn the corner on 2014, it’s time to start thinking about what next year will bring. The project and portfolio management industry has gone through many evolutionary phases, and here are a handful of predictions for what 2015 will offer.
It is no longer enough to proactively forecast, budget and staff projects. The rapid pace of change requires next-generation strategies that use predictive analysis. And new predictive technologies are transforming project portfolio management, providing the insight to manage forward, rather than looking through the rearview mirror.
Everything that you thought you knew will soon be wrong. Are you prepared for that? Project managers rarely give benefits a second thought. This needs to change, and in the near future it will change with an increasing focus on project management that prioritizes business benefits over arbitrary constraint compliance.
Large enterprises view Business Transformation as essential to their ability to compete, but struggle with execution, according to a new study by Oracle and Forbes. Here are key findings from the study, including the roles of innovation, risk, and project portfolio management tools.