By Gerald I. Kendall
This finished ebook covers the method, strategies, and tactics wanted for profitable venture portfolio administration. It outlines a highway map to extraordinary undertaking administration development and features a specified implementation plan for either strategic making plans and a PMO that offers you measurable leads to weeks. The authors delineate 4 methods that get a PMO off the floor a lot quicker, riding bottom-line worth shortly. It comprises genuine PMO case experiences, presents the way to assessment your PMO, illustrates how Six Sigma and the PMO can aid one another and be used to force bottom-line price and provides the recent thought of Constraints 4x4 approach to strategic making plans and the serious Chain Multi-Project administration technique. . This booklet indicates you ways to show a PMO right into a worth desktop.
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Additional info for Advanced Project Portfolio Management and the PMO: Multiplying ROI at Warp Speed
Your biggest challenge is that this staff is also working on other concurrent projects. One month into the project, you find that the assigned work tasks are slipping in all three business units. You determine that this is due in part to the project resources working unplanned activities delegated to them by their business unit management for projects internal to their business unit. This unplanned work is given higher priority than your project work. You further determine that some of the project team is using different project management methodologies that have different estimating standards, deliverables and work products for essentially the same types of work tasks.
Who do you think the project teams will listen to first and last? For example, as the PMO leader, assume that you have decided to roll out an EPM tool to help project teams become more proficient at executing their work plans and managing risk. Traditionally projects never come in 36 Advanced Project Portfolio Management and the PMO on time or on budget. You have set up training workshops on how to use the new tool and related processes. As the tool workshops roll out, word travels across the organization that the tool is very sophisticated and requires significant project team involvement in conversion activities to achieve any tool benefits.
For some firms operating this way, their survival may depend on the cash flow and the careful tracking and progress associated with it. In cases of survival, authoritarianism works. Authoritarian PMOs operating in these environments can sustain themselves because there is a clear value proposition. However, as we point out in later chapters, these PMOs are leaving a lot of fruit unpicked. In most organizations, if the PMO becomes too intrusive, managers will come together in an informal posse and hunt down the PMO sponsors.