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Running head: Metrics
1
Metrics
3Metrics
Krishna Marepalli
170068
PMGT 580
Metrics
Organizations use metrics to assess, compare and track the
status of their projects or processes in order to ensure
organizations achieve their objectives. According to Juneja
(2015), metrics tell you accurate measurements about how the
process is functioning and provide base for you to suggest
improvements. Our business focuses on process management
and improvement, project performance and business
management to ensure we meet our objectives. Therefore, we
will be considering the following metrics as in the table below;
Table1: Business categories and the metrics to apply
CATEGORY
METRICS
Project Management and Improvement Metrics
Resource Management Processes
Business Processes
Project Performance Metrics
Budget
Risk Management
Business Management Metrics
Customer Satisfaction
Project Portfolio Management
To measure how well the business is running, we will use the
following metrics;1. Resource management processes, 2.
Business processes, 3. Budget, 4. Rik management, 5. Customer
satisfaction and 6. Project portfolio management
In project management and improvement, resource management
and improvement metrics, resource management and business
processes metrics stood out as the best metrics to consider. Our
business focuses on ensuring good financial health, growth and
development. Therefore, assessing how resources and business
processes are managed will help PMO design projects that aim
at ensuring business objectives are met. It is essential for PMO
to ensure all the business processes are specified within the
business objectives and the resources allocated to those
processes are used responsibly to meet set objectives.
Budgeting and risk management metrics are important when
managing a project. According to Hill (2008), budgeting
contains guidance and measurement metrics used to ensure
every project remains within cost or that corrective actions are
taken in response to difficulties experienced in a project. On the
other hand, risk management process calls for identifying,
prioritizing, and responding to risks that could affect projects
(Hill, 2008). Budgeting and risk management ensure project
processes run as expected. Whenever the two are properly
assessed, the project works out according to the schedule and
the available resources utilized properly. This makes the two
metrics of importance whenever one needs to ensure the
business projects enhance financial health of the organization.
According to Hill (2008), the PMO should always attempt to
build business management metrics gradually, leveraging
commonly supported elements first and then demonstrating the
success of early metrics before increasing the range of business
management metrics that are implemented in the project
management environment. Therefore, it is important to measure
how customers are satisfied by the projects ran by the
organization. Projects should be resourced on their ability to
ensure the organization retains its customers while attracting
others. Analyzing the project portfolio and how customers are
satisfied advises the PMO on the action to be taken to ensure
the project aligns to the business objectives.
Metrics
Target Value (Year 1)
Target Value (Year 2)
Target Value (Year 3)
Resource Management Processes (Cycle Time in hours)
7
9
10
Business Processes (Lean six sigma)
45%
60%
89%
Budget (EVM) in $
200000
320000
500000
Risk Management (Value at Risk)
10%
7%
3%
Customer Satisfaction (CSAT of 1-10)
6
3
1
Project Portfolio Management (Return on Investment)
30%
57%
83%
Resource management processes will be measured using cycle
time in order to determine how efficient the whole team will be
available for the project tasks. Our company objective is to
improver this offering incentive, ensuring a good work
environment, offering transportation and setting up
communication expectations to ensure no conflicts.
Measuring business processes will use lean six sigma metric to
enable us eliminate waste, problems and inefficiency while
providing better working conditions to ensure customers need
are met. We are planning to map, analyze and redesign all the
business processes, acquire resources from the management to
ensure we call meet all the business needs on time,
communicate all the implemented changes to all the
stakeholders.
Earned value will be used to measure whether the projects are
running according to the project to a planned budget limit of
500000 dollars. To achieve this, the organization will keep the
budgeting and forecasting flexible, implement rolling feature to
measure how the budget is being used, involve the entire project
team when planning, be clear about the project goals and plan
for all possible scenarios that may face the project.
We are planning to reduce the value at risk to 3% by the next
three years. To ensure this is possible, the organization will
prioritize on common project risks, develop response systems to
the risks, re-evaluate all the opportunities presented in order to
consider the risks, perform quality control test before
presenting any project to the management and keep good
records to enhance easy evaluation of common risks in the
business projects.
Customer satisfaction will be measured using a customer
satisfaction test-score ranging from 1 to 10. 1 means the
customer is satisfied and 10 means the business processes are
not meeting customer needs. In order to ensure our customers
are satisfied, we are willing to conduct focus groups, set up
customer hotline, consult the customers whenever a new project
is presented, ensure the business social responsibility is
observed and ask the customers what they want.
Project portfolio management will be measured using the
returns on investment. We will analyze how the project
promises to return the organization investments before
implementing the project. In order to improve this, the company
will think about the long-term importance of its projects, find
lower cost ways to invest, rebalance regularly, take advantage
of tax efficient investing and continue investing on their
projects no matter how the markets are doing. This will ensure
the business projects rate of return is high.
References
Hill M. Gerard. (2008). The Complete Project Management
Office Book 2nd Edition . New York, USA:Taylor & Francis
Group LLC. pp90-100. Retrieved From
http://ceit.aut.ac.ir/~sa_hashemi/My%20Teachings/BS-CEIT-
IT%20Project%20Management/Books&Resources/The%20Comp
lete%20Project%20Management%20Office%20Handbook.pdf
Juneja Prachi. (2015). What are Metrics and Why are They
Important. Management Study Guide. Retrieved From
https://www.managementstudyguide.com/what-are-metrics.htm
The
CompleTe
projeCT
managemenT
offiCe
handbook
ESI International Project Management Series
Series Editor
J. LeRoy Ward, Executive Vice President
ESI International
Arlington, Virginia
Practical Guide to Project Planning
Ricardo Viana Vargas
1-4200-4504-0
The Complete Project Management Office Handbook, Second
Edition
Gerard M. Hill
1-4200-4680-2
Determining Project Requirements
Hans Jonasson
1-4200-4502-4
Other ESI International Titles Available from
Auerbach Publications, Taylor & Francis Group
PMP® Challenge! Fourth Edition
J. LeRoy Ward and Ginger Levin
ISBN: 1-8903-6740-0
PMP® Exam: Practice Test and Study Guide, Seventh Edition
J. LeRoy Ward
ISBN: 1-8903-6741-9
The Project Management Drill Book: A Self-Study Guide
Carl L. Pritchard
ISBN: 1-8903-6734-6
Project Management Terms: A Working Glossary, Second
Edition
J. LeRoy Ward
ISBN: 1-8903-6725-7
Project Management Tools CD, Version 4.3
ESI International
ISBN: 1-8903-6736-2
Risk Management: Concepts and Guidance, Third Edition
Carl L. Pritchard
ISBN: 1-8903-6739-7
Boca Raton New York
Auerbach Publications is an imprint of the
Taylor & Francis Group, an informa business
The
CompleTe
projeCT
managemenT
offiCe
handbook
gerard m. hill
Auerbach Publications
Taylor & Francis Group
6000 Broken Sound Parkway NW, Suite 300
Boca Raton, FL 33487-2742
© 2008 by Taylor & Francis Group, LLC
Auerbach is an imprint of Taylor & Francis Group, an Informa
business
No claim to original U.S. Government works
Printed in the United States of America on acid-free paper
10 9 8 7 6 5 4 3 2 1
International Standard Book Number-10: 1-4200-4680-2
(Hardcover)
International Standard Book Number-13: 978-1-4200-4680-9
(Hardcover)
This book contains information obtained from authentic and
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wide variety of references are
listed. Reasonable efforts have been made to publish reliable
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and the publisher cannot assume responsibility for the validity
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No part of this book may be reprinted, reproduced, transmitted,
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Library of Congress Cataloging-in-Publication Data
Hill, Gerard M.
The complete project management office handbook / Gerard M.
Hill. -- 2nd ed.
p. cm. -- (ESI international project management series)
Includes bibliographical references and index.
ISBN-13: 978-1-4200-4680-9 (alk. paper)
1. Project management--Handbooks, manuals, etc. I. Title.
HD69.P75H54 2008
658.4’04--dc22 2007011249
Visit the Taylor & Francis Web site at
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v
Contents
Acknowledgments....................................................................
................................. xv
Introduction............................................................................
................................. xvii
Section I Practice Management
1
Project Management Methodology
.............................................3
Project Environment Interface
Concepts......................................................... 4
Business Environment Interface
Concepts...................................................... 5
Project Management Methodology Activities across the PMO
Continuum..............................................................................
......................... 6
Project Management Methodology Function Model
...................................... 8
Establish Basis for Project Management Methodology
............................. 9
Convene Methodology Development Team
......................................... 9
Prepare Methodology Deployment Strategy
....................................... 12
Examine Current
Practices.................................................................... 20
Develop Methodology
Solution
................................................................ 24
Identify Methodology Components
..................................................... 25
Design Life-Cycle Processes
................................................................. 26
Develop Project Management Practices
.............................................. 33
Introduce Methodology Platform
......................................................... 35
Conduct Methodology
Implementation.................................................... 38
Plan Methodology
Implementation...................................................... 38
Plan Project Transition
.......................................................................... 42
Conduct Methodology Training and Implementation
........................ 45
Manage Methodology Maturity
................................................................. 46
Evaluate Methodology Implementation
............................................... 46
Analyze Methodology
Performance..................................................... 47
Manage Methodology Maintenance
..................................................... 49
Postscript for the Smaller PMO
..................................................................... 50
Establish Simple, Critical Processes for Project
Management............ 50
Gain Increased Support for Process Expansion
................................. 51
Expand and Incorporate Technical and Business
Processes............. 52
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2
Project Management Tools
........................................................55
Project Environment Interface
Concepts....................................................... 56
Business Environment Interface
Concepts.................................................... 58
Project Management Tools Activities across the PMO
Continuum ............. 60
Project Management Tools Function Model
................................................. 61
Select Project Management Tools
............................................................. 63
Identify the Need for Project Management Tools
.............................. 63
Examine General Types of Project Management
Tools..................... 65
Assess Specific Project Management Tools
......................................... 67
Acquire Project Management Tools
..................................................... 69
Implement Project Management
Tools..................................................... 70
Plan Tool Implementation
.................................................................... 70
Plan Tool
Transition..............................................................................
71
Conduct Tool User
Training................................................................. 72
Conduct Tool Implementation
............................................................. 72
Evaluate Tool Performance
....................................................................... 73
Identify and Resolve Utilization Problems
.......................................... 73
Identify and Resolve Functional Problems
......................................... 74
Assess Overall Tool Effectiveness
........................................................ 74
Postscript for the Smaller PMO
..................................................................... 75
3
Standards and Metrics
...............................................................77
Project Environment Interface
Concepts....................................................... 78
Business Environment Interface
Concepts.................................................... 79
Standards and Metrics Activities across the PMO Continuum
.................... 80
Standards and Metrics Function
Model......................................................... 82
Implement Project Management
Standards.............................................. 83
Examine Standards
Sources.................................................................. 83
Identify Applicable Standards
.............................................................. 87
Introduce Preferred
Standards.............................................................. 89
Conduct Benchmarking
........................................................................ 92
Determine Project Metrics Requirements
................................................. 93
Identify Process Management and Improvement
Metrics.................. 94
Identify Project Performance
Metrics................................................... 97
Identify Business Management Metrics
............................................. 101
Introduce and Use Project Metrics
......................................................... 102
Establish Metrics Measurements Plan
................................................ 103
Compare Metrics Performance
........................................................... 104
Establish Corrective Actions
............................................................... 104
Postscript for the Smaller PMO
................................................................... 105
4
Project Knowledge Management
............................................109
Project Environment Interface
Concepts..................................................... 110
Business Environment Interface
Concepts.................................................. 111
Project Knowledge Management Activities across the PMO
Continuum..............................................................................
..................... 112
Project Knowledge Management Function Model
..................................... 114
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�
vii
Establish Knowledge Management
Framework..................................... 115
Information
Management.................................................................... 116
Document
Management...................................................................... 119
Process
Management...........................................................................
121
Collaboration
Management................................................................. 122
Project Archive and Reference Library Management
....................... 125
Introduce Knowledge Management
System........................................... 129
Conduct Installation and Establish Connectivity
.............................. 129
Perform Function and Feature Customization
.................................. 130
Introduce Project Knowledge Management Content
....................... 133
Implement Knowledge Management
System......................................... 134
Develop Project Management Information System
(PMIS).............. 134
Develop Executive
Dashboard........................................................... 144
Construct Project Management
Library.............................................. 145
Implement Online Project
Collaboration........................................... 146
Implement Other Knowledge Management Tools
........................... 148
Postscript for the Smaller PMO
................................................................... 149
Section II Infrastructure Management
5
Project Governance
..................................................................153
Project Environment Interface
Concepts..................................................... 154
Business Environment Interface
Concepts.................................................. 155
Project Governance Activities across the PMO Continuum
...................... 156
Project Governance Function
Model........................................................... 158
Prepare and Maintain PMO Charter
....................................................... 158
Define Business Purpose
.................................................................... 160
Specify Organizational
Alignment...................................................... 162
Highlight Functional Responsibility
................................................... 163
Specify PMO Authority
....................................................................... 164
Identify PMO Funding
........................................................................ 165
Develop Project Management Policies
................................................... 165
Evaluate Policy Needs
........................................................................ 166
Demonstrate Senior Management
Support........................................ 167
Prepare Policy Guidance
.................................................................... 168
Develop Project Classification Guidance
............................................... 169
Examine Project Classification
Purpose............................................. 170
Identify Project Classification Criteria
................................................ 170
Implement Project Classification
Guidance....................................... 173
Establish Project Manager
Authority....................................................... 173
Establish Executive Control Board
......................................................... 175
Determine Executive Oversight Requirements
................................. 176
Set Control Board Parameters
............................................................ 178
Prepare Control Board Operating
Procedures.................................. 178
Align Business and Technical Committees
............................................ 180
Postscript for the Smaller PMO
................................................................... 181
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Assessment
................................................................................183
Project Environment Interface
Concepts..................................................... 184
Business Environment Interface
Concepts.................................................. 185
Assessment Activities across the PMO Continuum
.................................... 185
Assessment Function
Model......................................................................... 187
Conduct Competency
Assessments......................................................... 187
Identify Competency Assessments
..................................................... 188
Conduct Competency
Assessments.................................................... 189
Implement Competency Improvement
Plans.................................... 190
Conduct Capability
Assessments............................................................. 191
Identify Capability Assessments
......................................................... 192
Conduct Capability Assessments
........................................................ 194
Implement Capability Improvement
Plans........................................ 196
Conduct Maturity
Assessments................................................................ 198
Identify Maturity Assessments
............................................................ 198
Conduct Maturity Assessments
........................................................... 200
Implement Maturity Advancement
Plans........................................... 202
Postscript for the Smaller PMO
................................................................... 203
7
Organization and Structure
.....................................................205
Project Environment Interface
Concepts..................................................... 206
Business Environment Interface
Concepts.................................................. 206
Organization and Structure Activities across the PMO
Continuum .......... 207
Organization and Structure Function Model
.............................................. 209
Set Up the PMO
Structure....................................................................... 209
Identify Staff Needs for PMO Functions
........................................... 210
Introduce PMO Staff
........................................................................... 214
Analyze and Establish PMO
Relationships........................................ 215
Establish Project Team
Structure............................................................. 216
Specify Project Team and PMO Relationship
................................... 217
Define Standard Project Team Structure
........................................... 221
Define Extended Project Team
Alignment........................................ 225
Develop Stakeholder Participation
......................................................... 228
Manage Internal Project Team
Stakeholders..................................... 229
Manage Internal Oversight
Stakeholders........................................... 230
Manage Internal-Support
Stakeholders.............................................. 231
Manage Customer Stakeholders
......................................................... 233
Manage Vendor and Contractor Stakeholders
.................................. 234
Manage Other Project
Stakeholders................................................... 235
Postscript for the Smaller PMO
................................................................... 237
8
Facilities and Equipment Support
..........................................239
Project Environment Interface
Concepts..................................................... 240
Business Environment Interface
Concepts.................................................. 241
Facilities and Equipment Support Activities across the PMO
Continuum..............................................................................
..................... 242
Facilities and Equipment Support Function
Model.................................... 242
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Establish Project Team
Requirements..................................................... 244
Establish Workspace
Requirements.................................................... 245
Establish Equipment
Requirements.................................................... 246
Manage Project Facilities
......................................................................... 250
Manage Facility Acquisition Options
................................................. 251
Monitor Facility Utilization
................................................................. 253
Ensure Adequacy of Facilities
............................................................ 253
Monitor Facility Disposition
............................................................... 255
Manage Project Equipment
..................................................................... 257
Manage Equipment Acquisition
......................................................... 258
Manage Equipment Assignments
....................................................... 260
Monitor Equipment Assignments
....................................................... 261
Manage Equipment Disposition
......................................................... 262
Postscript for the Smaller PMO
................................................................... 263
Section III Resource Integration
9
Resource Management
.............................................................267
Project Environment Interface
Concepts..................................................... 268
Business Environment Interface
Concepts.................................................. 269
Resource Management Activities across the PMO
Continuum.................. 269
Resource Management Function Model
...................................................... 270
Acquire Project Resources
....................................................................... 272
Identify Resource
Providers................................................................ 272
Establish Resource
Requirements....................................................... 275
Fulfill Resource
Requests.................................................................... 277
Assign Project Resources
......................................................................... 278
Prepare Resource Assignment
Notifications...................................... 279
Obtain Individual Resource Commitments
....................................... 279
Introduce Resources to the Project Team
......................................... 279
Deploy Project
Resources........................................................................ 280
Perform Deployment Administration
................................................. 281
Identify and Arrange Relevant Training
............................................ 282
Monitor Travel
Arrangements............................................................. 284
Manage Resource
Performance............................................................... 284
Develop Performance Management Guidance
................................. 284
Conduct Project Resource Performance Reviews
............................. 286
Monitor Project Resource Performance
............................................. 288
Close Project Resource Assignments
...................................................... 289
Coordinate Resource
Extensions........................................................ 289
Facilitate Resource Transfers and Reassignments
............................. 289
Manage Resource Terminations
......................................................... 290
Postscript for the Smaller PMO
................................................................... 290
10
Training and Education
...........................................................293
Project Environment Interface
Concepts..................................................... 294
Business Environment Interface
Concepts.................................................. 294
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Training and Education Activities across the PMO Continuum
................ 295
Training and Education Function Model
.................................................... 297
Establish Training
Program...................................................................... 298
Assess Training Needs
........................................................................ 298
Determine Training Requirements
..................................................... 300
Identify Training Resources
................................................................ 302
Prepare Training Plan
......................................................................... 305
Select and Develop Training Courses
............................................... 306
Manage Training Program
....................................................................... 308
Establish Training Registration Capability
......................................... 308
Publicize and Promote Training Program
......................................... 310
Conduct Project Management Training
............................................. 311
Evaluate Training Program
...................................................................... 313
Evaluate Training Plan Implementation
............................................ 313
Evaluate Training
Resources............................................................... 314
Update Training Program
................................................................... 315
Postscript for the Smaller PMO
................................................................... 315
11
Career Development
................................................................317
Project Environment Interface
Concepts..................................................... 318
Business Environment Interface
Concepts.................................................. 319
Career Development Activities across the PMO
Continuum..................... 320
Career Development Function Model
......................................................... 320
Develop Project Management Career Path
............................................ 322
Establish Project Management as a Professional Discipline
............ 323
Define Career Advancement
Model................................................... 327
Construct Position Descriptions and Qualifications
......................... 334
Integrate New Career Path into the
Organization............................ 336
Support Project Management Career
Planning...................................... 338
Provide General Career Guidance
..................................................... 338
Promote Business Skill
Development................................................ 339
Implement Career Planning Support
................................................. 341
Establish Professional Certification
......................................................... 341
Develop Project Management Certification Program
....................... 342
Facilitate Technical and Professional Certification
........................... 345
Postscript for the Smaller PMO
................................................................... 346
12
Team Development
..................................................................347
Project Environment Interface
Concepts..................................................... 348
Business Environment Interface
Concepts.................................................. 348
Team Development Activities across the PMO Continuum
...................... 349
Team Development Function
Model........................................................... 351
Facilitate Cohesive Team Formation
...................................................... 351
Examine Project Team
Composition.................................................. 353
Develop Project Team Orientation
Program..................................... 355
Integrate Vendors and Contractors
.................................................... 356
Facilitate Virtual Team Management
...................................................... 358
Establish Virtual Team Alignment
...................................................... 359
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Facilitate Virtual Team
Interactions.................................................... 360
Introduce Virtual Team Technology
.................................................. 364
Enable Project Team Development
........................................................ 365
Promote Team Skill Learning
............................................................. 365
Develop Project Manager Tools and
Techniques............................. 366
Facilitate Leadership Development
.................................................... 367
Monitor Project Team
Performance........................................................ 369
Assess Team
Dynamics....................................................................... 369
Examine Team Effectiveness
.............................................................. 370
Conduct Team Improvement Activities
............................................. 371
Postscript for the Smaller PMO
................................................................... 373
Section IV Technical Support
13
Mentoring...............................................................................
...377
Project Environment Interface
Concepts..................................................... 378
Business Environment Interface
Concepts.................................................. 380
Mentoring Activities across the PMO Continuum
...................................... 381
Mentoring Function
Model........................................................................... 383
Establish Project Management Mentoring
Program............................... 383
Develop the Mentoring Approach
..................................................... 383
Identify Mentor–Protégé Roles and Responsibilities
........................ 390
Determine Mentor Sourcing Process
................................................. 396
Engage Project Management Mentors
.................................................... 400
Identify Mentor Candidates
................................................................ 400
Conduct Mentor Candidate
Qualification.......................................... 402
Prepare Project Management
Mentors............................................... 403
Conduct Project Management Mentoring
............................................... 404
Identify Engagement
........................................................................... 405
Assign Mentor (or Mentors)
............................................................... 405
Prepare for Mentoring
Engagement................................................... 406
Perform Mentoring Engagement Activities
........................................ 407
Closeout Mentor–Protégé
Relationship.............................................. 408
Evaluate Mentoring
Program................................................................... 408
Evaluate Mentor Performance
............................................................ 408
Monitor Mentoring Program Results
.................................................. 409
Postscript for the Smaller PMO
................................................................... 410
14
Project Planning
.......................................................................413
Project Environment Interface
Concepts..................................................... 414
Business Environment Interface
Concepts.................................................. 415
Project Planning Activities across the PMO
Continuum............................ 416
Project Planning Function Model
................................................................ 418
Establish Project Planning Capability
..................................................... 419
Define Project Plan
Components....................................................... 419
Implement Project Planning Processes and
Tools............................ 421
Establish Planning Facilitation and Support
Capability.................... 426
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Facilitate Project Planning Workshop
..................................................... 431
Manage Planning Workshop Arrangements
...................................... 431
Facilitate Project Workplan Development
......................................... 434
Perform Follow-Up Planning Support
............................................... 436
Administer Project Planning
.................................................................... 438
Specify Primary Project Management Plans
...................................... 439
Recommend Essential Project Support
Plans.................................... 453
Prepare Project Plan Content
Guidance............................................ 457
Evaluate Project Planning
................................................................... 458
Postscript for the Smaller PMO
................................................................... 462
15
Project Auditing
........................................................................465
Project Environment Interface
Concepts..................................................... 466
Business Environment Interface
Concepts.................................................. 467
Project Auditing Activities across the PMO Continuum
............................ 467
Project Auditing Function Model
................................................................. 470
Set Up Project Auditing Capability
......................................................... 470
Determine Project Auditing Needs
.................................................... 471
Identify Project Auditing
Resources................................................... 481
Establish Project Audit Performance Points
...................................... 485
Conduct Project Auditing
........................................................................ 487
Prepare for Project Audits and Reviews
........................................... 487
Conduct Project
Audit......................................................................... 489
Prepare Project Audit Report
............................................................. 491
Manage Project Auditing Results
............................................................ 492
Review Project Audit
Results.............................................................. 492
Analyze Aggregate Program Results
.................................................. 494
Monitor Project Audit Follow-Up Actions
......................................... 495
Postscript for the Smaller PMO
................................................................... 496
16
Project
Recovery.......................................................................499
Project Environment Interface
Concepts..................................................... 500
Business Environment Interface
Concepts.................................................. 501
Project Recovery Activities across the PMO Continuum
........................... 501
Project Recovery Function
Model................................................................ 503
Develop Recovery Assessment
Process.................................................. 505
Identify Recovery
Indicators............................................................... 505
Assess Project and Identify Problem
Areas....................................... 506
Prepare Project Recovery Decision Package
.................................... 514
Coordinate Project Recovery Decision
.............................................. 515
Plan and Conduct Project Recovery
....................................................... 516
Establish Project Recovery Team
....................................................... 516
Develop Project Recovery
Plan.......................................................... 522
Stabilize Project Using Recovery
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Running head Metrics1Metrics3Metrics Krishna Marepalli.docx

  • 1. Running head: Metrics 1 Metrics 3Metrics Krishna Marepalli 170068 PMGT 580 Metrics Organizations use metrics to assess, compare and track the status of their projects or processes in order to ensure organizations achieve their objectives. According to Juneja (2015), metrics tell you accurate measurements about how the process is functioning and provide base for you to suggest improvements. Our business focuses on process management and improvement, project performance and business management to ensure we meet our objectives. Therefore, we will be considering the following metrics as in the table below; Table1: Business categories and the metrics to apply CATEGORY METRICS Project Management and Improvement Metrics Resource Management Processes Business Processes Project Performance Metrics Budget Risk Management Business Management Metrics Customer Satisfaction Project Portfolio Management
  • 2. To measure how well the business is running, we will use the following metrics;1. Resource management processes, 2. Business processes, 3. Budget, 4. Rik management, 5. Customer satisfaction and 6. Project portfolio management In project management and improvement, resource management and improvement metrics, resource management and business processes metrics stood out as the best metrics to consider. Our business focuses on ensuring good financial health, growth and development. Therefore, assessing how resources and business processes are managed will help PMO design projects that aim at ensuring business objectives are met. It is essential for PMO to ensure all the business processes are specified within the business objectives and the resources allocated to those processes are used responsibly to meet set objectives. Budgeting and risk management metrics are important when managing a project. According to Hill (2008), budgeting contains guidance and measurement metrics used to ensure every project remains within cost or that corrective actions are taken in response to difficulties experienced in a project. On the other hand, risk management process calls for identifying, prioritizing, and responding to risks that could affect projects (Hill, 2008). Budgeting and risk management ensure project processes run as expected. Whenever the two are properly assessed, the project works out according to the schedule and the available resources utilized properly. This makes the two metrics of importance whenever one needs to ensure the business projects enhance financial health of the organization. According to Hill (2008), the PMO should always attempt to build business management metrics gradually, leveraging commonly supported elements first and then demonstrating the success of early metrics before increasing the range of business management metrics that are implemented in the project management environment. Therefore, it is important to measure how customers are satisfied by the projects ran by the organization. Projects should be resourced on their ability to
  • 3. ensure the organization retains its customers while attracting others. Analyzing the project portfolio and how customers are satisfied advises the PMO on the action to be taken to ensure the project aligns to the business objectives. Metrics Target Value (Year 1) Target Value (Year 2) Target Value (Year 3) Resource Management Processes (Cycle Time in hours) 7 9 10 Business Processes (Lean six sigma) 45% 60% 89% Budget (EVM) in $ 200000 320000 500000 Risk Management (Value at Risk) 10% 7% 3% Customer Satisfaction (CSAT of 1-10) 6 3 1 Project Portfolio Management (Return on Investment) 30% 57% 83% Resource management processes will be measured using cycle time in order to determine how efficient the whole team will be available for the project tasks. Our company objective is to
  • 4. improver this offering incentive, ensuring a good work environment, offering transportation and setting up communication expectations to ensure no conflicts. Measuring business processes will use lean six sigma metric to enable us eliminate waste, problems and inefficiency while providing better working conditions to ensure customers need are met. We are planning to map, analyze and redesign all the business processes, acquire resources from the management to ensure we call meet all the business needs on time, communicate all the implemented changes to all the stakeholders. Earned value will be used to measure whether the projects are running according to the project to a planned budget limit of 500000 dollars. To achieve this, the organization will keep the budgeting and forecasting flexible, implement rolling feature to measure how the budget is being used, involve the entire project team when planning, be clear about the project goals and plan for all possible scenarios that may face the project. We are planning to reduce the value at risk to 3% by the next three years. To ensure this is possible, the organization will prioritize on common project risks, develop response systems to the risks, re-evaluate all the opportunities presented in order to consider the risks, perform quality control test before presenting any project to the management and keep good records to enhance easy evaluation of common risks in the business projects. Customer satisfaction will be measured using a customer satisfaction test-score ranging from 1 to 10. 1 means the customer is satisfied and 10 means the business processes are not meeting customer needs. In order to ensure our customers are satisfied, we are willing to conduct focus groups, set up customer hotline, consult the customers whenever a new project is presented, ensure the business social responsibility is observed and ask the customers what they want.
  • 5. Project portfolio management will be measured using the returns on investment. We will analyze how the project promises to return the organization investments before implementing the project. In order to improve this, the company will think about the long-term importance of its projects, find lower cost ways to invest, rebalance regularly, take advantage of tax efficient investing and continue investing on their projects no matter how the markets are doing. This will ensure the business projects rate of return is high. References Hill M. Gerard. (2008). The Complete Project Management Office Book 2nd Edition . New York, USA:Taylor & Francis Group LLC. pp90-100. Retrieved From http://ceit.aut.ac.ir/~sa_hashemi/My%20Teachings/BS-CEIT- IT%20Project%20Management/Books&Resources/The%20Comp lete%20Project%20Management%20Office%20Handbook.pdf Juneja Prachi. (2015). What are Metrics and Why are They Important. Management Study Guide. Retrieved From https://www.managementstudyguide.com/what-are-metrics.htm The CompleTe projeCT managemenT offiCe handbook ESI International Project Management Series Series Editor J. LeRoy Ward, Executive Vice President ESI International
  • 6. Arlington, Virginia Practical Guide to Project Planning Ricardo Viana Vargas 1-4200-4504-0 The Complete Project Management Office Handbook, Second Edition Gerard M. Hill 1-4200-4680-2 Determining Project Requirements Hans Jonasson 1-4200-4502-4 Other ESI International Titles Available from Auerbach Publications, Taylor & Francis Group PMP® Challenge! Fourth Edition J. LeRoy Ward and Ginger Levin ISBN: 1-8903-6740-0 PMP® Exam: Practice Test and Study Guide, Seventh Edition J. LeRoy Ward ISBN: 1-8903-6741-9 The Project Management Drill Book: A Self-Study Guide Carl L. Pritchard ISBN: 1-8903-6734-6 Project Management Terms: A Working Glossary, Second
  • 7. Edition J. LeRoy Ward ISBN: 1-8903-6725-7 Project Management Tools CD, Version 4.3 ESI International ISBN: 1-8903-6736-2 Risk Management: Concepts and Guidance, Third Edition Carl L. Pritchard ISBN: 1-8903-6739-7 Boca Raton New York Auerbach Publications is an imprint of the Taylor & Francis Group, an informa business The CompleTe projeCT managemenT offiCe handbook gerard m. hill Auerbach Publications Taylor & Francis Group 6000 Broken Sound Parkway NW, Suite 300
  • 8. Boca Raton, FL 33487-2742 © 2008 by Taylor & Francis Group, LLC Auerbach is an imprint of Taylor & Francis Group, an Informa business No claim to original U.S. Government works Printed in the United States of America on acid-free paper 10 9 8 7 6 5 4 3 2 1 International Standard Book Number-10: 1-4200-4680-2 (Hardcover) International Standard Book Number-13: 978-1-4200-4680-9 (Hardcover) This book contains information obtained from authentic and highly regarded sources. Reprinted material is quoted with permission, and sources are indicated. A wide variety of references are listed. Reasonable efforts have been made to publish reliable data and information, but the author and the publisher cannot assume responsibility for the validity of all materials or for the conse- quences of their use. No part of this book may be reprinted, reproduced, transmitted, or utilized in any form by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying, microfilming, and recording, or in any information storage or retrieval system, without written permission from the publishers. 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400. CCC is a not-for-profit organization that provides licenses and registration for a variety of users. For
  • 9. organizations that have been granted a photocopy license by the CCC, a separate system of payment has been arranged. Trademark Notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. Library of Congress Cataloging-in-Publication Data Hill, Gerard M. The complete project management office handbook / Gerard M. Hill. -- 2nd ed. p. cm. -- (ESI international project management series) Includes bibliographical references and index. ISBN-13: 978-1-4200-4680-9 (alk. paper) 1. Project management--Handbooks, manuals, etc. I. Title. HD69.P75H54 2008 658.4’04--dc22 2007011249 Visit the Taylor & Francis Web site at and the Auerbach Web site at AU4680_C000.fm Page iv Monday, July 16, 2007 3:47 PM For permission to photocopy or use material electronically from this work, please access www. copyright.com (http://www.copyright.com/) or contact the Copyright Clearance Center, Inc. (CCC) http://www.taylorandfrancis.com
  • 10. http://www.auerbach-publications.com http://www.copyright.com http://www.copyright.com http://www.copyright.com http://www.taylorandfrancis.com http://www.auerbach-publications.com v Contents Acknowledgments.................................................................... ................................. xv Introduction............................................................................ ................................. xvii Section I Practice Management 1 Project Management Methodology .............................................3 Project Environment Interface Concepts......................................................... 4 Business Environment Interface Concepts...................................................... 5
  • 11. Project Management Methodology Activities across the PMO Continuum.............................................................................. ......................... 6 Project Management Methodology Function Model ...................................... 8 Establish Basis for Project Management Methodology ............................. 9 Convene Methodology Development Team ......................................... 9 Prepare Methodology Deployment Strategy ....................................... 12 Examine Current Practices.................................................................... 20 Develop Methodology Solution ................................................................ 24 Identify Methodology Components ..................................................... 25 Design Life-Cycle Processes ................................................................. 26 Develop Project Management Practices .............................................. 33 Introduce Methodology Platform ......................................................... 35
  • 12. Conduct Methodology Implementation.................................................... 38 Plan Methodology Implementation...................................................... 38 Plan Project Transition .......................................................................... 42 Conduct Methodology Training and Implementation ........................ 45 Manage Methodology Maturity ................................................................. 46 Evaluate Methodology Implementation ............................................... 46 Analyze Methodology Performance..................................................... 47 Manage Methodology Maintenance ..................................................... 49 Postscript for the Smaller PMO ..................................................................... 50 Establish Simple, Critical Processes for Project Management............ 50 Gain Increased Support for Process Expansion ................................. 51 Expand and Incorporate Technical and Business
  • 13. Processes............. 52 AU4680_C000.fm Page v Monday, July 16, 2007 3:47 PM vi � The Complete Project Management Office Handbook 2 Project Management Tools ........................................................55 Project Environment Interface
  • 14. Concepts....................................................... 56 Business Environment Interface Concepts.................................................... 58 Project Management Tools Activities across the PMO Continuum ............. 60 Project Management Tools Function Model ................................................. 61 Select Project Management Tools ............................................................. 63 Identify the Need for Project Management Tools .............................. 63 Examine General Types of Project Management Tools..................... 65 Assess Specific Project Management Tools ......................................... 67 Acquire Project Management Tools ..................................................... 69 Implement Project Management Tools..................................................... 70 Plan Tool Implementation .................................................................... 70 Plan Tool Transition..............................................................................
  • 15. 71 Conduct Tool User Training................................................................. 72 Conduct Tool Implementation ............................................................. 72 Evaluate Tool Performance ....................................................................... 73 Identify and Resolve Utilization Problems .......................................... 73 Identify and Resolve Functional Problems ......................................... 74 Assess Overall Tool Effectiveness ........................................................ 74 Postscript for the Smaller PMO ..................................................................... 75 3 Standards and Metrics ...............................................................77
  • 16. Project Environment Interface Concepts....................................................... 78 Business Environment Interface Concepts.................................................... 79 Standards and Metrics Activities across the PMO Continuum .................... 80 Standards and Metrics Function Model......................................................... 82 Implement Project Management Standards.............................................. 83 Examine Standards Sources.................................................................. 83 Identify Applicable Standards .............................................................. 87 Introduce Preferred Standards.............................................................. 89 Conduct Benchmarking ........................................................................ 92 Determine Project Metrics Requirements ................................................. 93 Identify Process Management and Improvement Metrics.................. 94
  • 17. Identify Project Performance Metrics................................................... 97 Identify Business Management Metrics ............................................. 101 Introduce and Use Project Metrics ......................................................... 102 Establish Metrics Measurements Plan ................................................ 103 Compare Metrics Performance ........................................................... 104 Establish Corrective Actions ............................................................... 104 Postscript for the Smaller PMO ................................................................... 105 4 Project Knowledge Management ............................................109
  • 18. Project Environment Interface Concepts..................................................... 110 Business Environment Interface Concepts.................................................. 111 Project Knowledge Management Activities across the PMO Continuum.............................................................................. ..................... 112 Project Knowledge Management Function Model ..................................... 114 AU4680_C000.fm Page vi Monday, July 16, 2007 3:47 PM Contents � vii
  • 19. Establish Knowledge Management Framework..................................... 115 Information Management.................................................................... 116 Document Management...................................................................... 119 Process Management........................................................................... 121 Collaboration Management................................................................. 122 Project Archive and Reference Library Management ....................... 125 Introduce Knowledge Management System........................................... 129 Conduct Installation and Establish Connectivity .............................. 129 Perform Function and Feature Customization .................................. 130 Introduce Project Knowledge Management Content ....................... 133 Implement Knowledge Management
  • 20. System......................................... 134 Develop Project Management Information System (PMIS).............. 134 Develop Executive Dashboard........................................................... 144 Construct Project Management Library.............................................. 145 Implement Online Project Collaboration........................................... 146 Implement Other Knowledge Management Tools ........................... 148 Postscript for the Smaller PMO ................................................................... 149 Section II Infrastructure Management 5 Project Governance ..................................................................153
  • 21. Project Environment Interface Concepts..................................................... 154 Business Environment Interface Concepts.................................................. 155 Project Governance Activities across the PMO Continuum ...................... 156 Project Governance Function Model........................................................... 158 Prepare and Maintain PMO Charter ....................................................... 158 Define Business Purpose .................................................................... 160 Specify Organizational Alignment...................................................... 162 Highlight Functional Responsibility ................................................... 163 Specify PMO Authority ....................................................................... 164 Identify PMO Funding ........................................................................ 165 Develop Project Management Policies ................................................... 165 Evaluate Policy Needs
  • 22. ........................................................................ 166 Demonstrate Senior Management Support........................................ 167 Prepare Policy Guidance .................................................................... 168 Develop Project Classification Guidance ............................................... 169 Examine Project Classification Purpose............................................. 170 Identify Project Classification Criteria ................................................ 170 Implement Project Classification Guidance....................................... 173 Establish Project Manager Authority....................................................... 173 Establish Executive Control Board ......................................................... 175 Determine Executive Oversight Requirements ................................. 176 Set Control Board Parameters ............................................................ 178 Prepare Control Board Operating
  • 23. Procedures.................................. 178 Align Business and Technical Committees ............................................ 180 Postscript for the Smaller PMO ................................................................... 181 AU4680_C000.fm Page vii Monday, July 16, 2007 3:47 PM viii � The Complete Project Management Office Handbook 6
  • 24. Assessment ................................................................................183 Project Environment Interface Concepts..................................................... 184 Business Environment Interface Concepts.................................................. 185 Assessment Activities across the PMO Continuum .................................... 185 Assessment Function Model......................................................................... 187 Conduct Competency Assessments......................................................... 187 Identify Competency Assessments ..................................................... 188 Conduct Competency Assessments.................................................... 189 Implement Competency Improvement Plans.................................... 190 Conduct Capability Assessments............................................................. 191 Identify Capability Assessments
  • 25. ......................................................... 192 Conduct Capability Assessments ........................................................ 194 Implement Capability Improvement Plans........................................ 196 Conduct Maturity Assessments................................................................ 198 Identify Maturity Assessments ............................................................ 198 Conduct Maturity Assessments ........................................................... 200 Implement Maturity Advancement Plans........................................... 202 Postscript for the Smaller PMO ................................................................... 203 7 Organization and Structure .....................................................205
  • 26. Project Environment Interface Concepts..................................................... 206 Business Environment Interface Concepts.................................................. 206 Organization and Structure Activities across the PMO Continuum .......... 207 Organization and Structure Function Model .............................................. 209 Set Up the PMO Structure....................................................................... 209 Identify Staff Needs for PMO Functions ........................................... 210 Introduce PMO Staff ........................................................................... 214 Analyze and Establish PMO Relationships........................................ 215 Establish Project Team Structure............................................................. 216 Specify Project Team and PMO Relationship ................................... 217 Define Standard Project Team Structure ........................................... 221
  • 27. Define Extended Project Team Alignment........................................ 225 Develop Stakeholder Participation ......................................................... 228 Manage Internal Project Team Stakeholders..................................... 229 Manage Internal Oversight Stakeholders........................................... 230 Manage Internal-Support Stakeholders.............................................. 231 Manage Customer Stakeholders ......................................................... 233 Manage Vendor and Contractor Stakeholders .................................. 234 Manage Other Project Stakeholders................................................... 235 Postscript for the Smaller PMO ................................................................... 237 8
  • 28. Facilities and Equipment Support ..........................................239 Project Environment Interface Concepts..................................................... 240 Business Environment Interface Concepts.................................................. 241 Facilities and Equipment Support Activities across the PMO Continuum.............................................................................. ..................... 242 Facilities and Equipment Support Function Model.................................... 242 AU4680_C000.fm Page viii Monday, July 16, 2007 3:47 PM Contents �
  • 29. ix Establish Project Team Requirements..................................................... 244 Establish Workspace Requirements.................................................... 245 Establish Equipment Requirements.................................................... 246 Manage Project Facilities ......................................................................... 250 Manage Facility Acquisition Options ................................................. 251 Monitor Facility Utilization ................................................................. 253 Ensure Adequacy of Facilities ............................................................ 253 Monitor Facility Disposition ............................................................... 255 Manage Project Equipment ..................................................................... 257
  • 30. Manage Equipment Acquisition ......................................................... 258 Manage Equipment Assignments ....................................................... 260 Monitor Equipment Assignments ....................................................... 261 Manage Equipment Disposition ......................................................... 262 Postscript for the Smaller PMO ................................................................... 263 Section III Resource Integration 9 Resource Management .............................................................267 Project Environment Interface Concepts..................................................... 268 Business Environment Interface
  • 31. Concepts.................................................. 269 Resource Management Activities across the PMO Continuum.................. 269 Resource Management Function Model ...................................................... 270 Acquire Project Resources ....................................................................... 272 Identify Resource Providers................................................................ 272 Establish Resource Requirements....................................................... 275 Fulfill Resource Requests.................................................................... 277 Assign Project Resources ......................................................................... 278 Prepare Resource Assignment Notifications...................................... 279 Obtain Individual Resource Commitments ....................................... 279 Introduce Resources to the Project Team ......................................... 279 Deploy Project
  • 32. Resources........................................................................ 280 Perform Deployment Administration ................................................. 281 Identify and Arrange Relevant Training ............................................ 282 Monitor Travel Arrangements............................................................. 284 Manage Resource Performance............................................................... 284 Develop Performance Management Guidance ................................. 284 Conduct Project Resource Performance Reviews ............................. 286 Monitor Project Resource Performance ............................................. 288 Close Project Resource Assignments ...................................................... 289 Coordinate Resource Extensions........................................................ 289 Facilitate Resource Transfers and Reassignments ............................. 289 Manage Resource Terminations ......................................................... 290
  • 33. Postscript for the Smaller PMO ................................................................... 290 10 Training and Education ...........................................................293 Project Environment Interface Concepts..................................................... 294 Business Environment Interface Concepts.................................................. 294 AU4680_C000.fm Page ix Monday, July 16, 2007 3:47 PM x
  • 34. � The Complete Project Management Office Handbook Training and Education Activities across the PMO Continuum ................ 295 Training and Education Function Model .................................................... 297 Establish Training Program...................................................................... 298 Assess Training Needs ........................................................................ 298 Determine Training Requirements ..................................................... 300 Identify Training Resources ................................................................ 302 Prepare Training Plan ......................................................................... 305 Select and Develop Training Courses ............................................... 306
  • 35. Manage Training Program ....................................................................... 308 Establish Training Registration Capability ......................................... 308 Publicize and Promote Training Program ......................................... 310 Conduct Project Management Training ............................................. 311 Evaluate Training Program ...................................................................... 313 Evaluate Training Plan Implementation ............................................ 313 Evaluate Training Resources............................................................... 314 Update Training Program ................................................................... 315 Postscript for the Smaller PMO ................................................................... 315 11
  • 36. Career Development ................................................................317 Project Environment Interface Concepts..................................................... 318 Business Environment Interface Concepts.................................................. 319 Career Development Activities across the PMO Continuum..................... 320 Career Development Function Model ......................................................... 320 Develop Project Management Career Path ............................................ 322 Establish Project Management as a Professional Discipline ............ 323 Define Career Advancement Model................................................... 327 Construct Position Descriptions and Qualifications ......................... 334 Integrate New Career Path into the Organization............................ 336 Support Project Management Career
  • 37. Planning...................................... 338 Provide General Career Guidance ..................................................... 338 Promote Business Skill Development................................................ 339 Implement Career Planning Support ................................................. 341 Establish Professional Certification ......................................................... 341 Develop Project Management Certification Program ....................... 342 Facilitate Technical and Professional Certification ........................... 345 Postscript for the Smaller PMO ................................................................... 346 12 Team Development ..................................................................347
  • 38. Project Environment Interface Concepts..................................................... 348 Business Environment Interface Concepts.................................................. 348 Team Development Activities across the PMO Continuum ...................... 349 Team Development Function Model........................................................... 351 Facilitate Cohesive Team Formation ...................................................... 351 Examine Project Team Composition.................................................. 353 Develop Project Team Orientation Program..................................... 355 Integrate Vendors and Contractors .................................................... 356 Facilitate Virtual Team Management ...................................................... 358 Establish Virtual Team Alignment ...................................................... 359
  • 39. AU4680_C000.fm Page x Monday, July 16, 2007 3:47 PM Contents � xi Facilitate Virtual Team Interactions.................................................... 360 Introduce Virtual Team Technology .................................................. 364 Enable Project Team Development ........................................................ 365 Promote Team Skill Learning ............................................................. 365 Develop Project Manager Tools and Techniques............................. 366
  • 40. Facilitate Leadership Development .................................................... 367 Monitor Project Team Performance........................................................ 369 Assess Team Dynamics....................................................................... 369 Examine Team Effectiveness .............................................................. 370 Conduct Team Improvement Activities ............................................. 371 Postscript for the Smaller PMO ................................................................... 373 Section IV Technical Support 13 Mentoring............................................................................... ...377
  • 41. Project Environment Interface Concepts..................................................... 378 Business Environment Interface Concepts.................................................. 380 Mentoring Activities across the PMO Continuum ...................................... 381 Mentoring Function Model........................................................................... 383 Establish Project Management Mentoring Program............................... 383 Develop the Mentoring Approach ..................................................... 383 Identify Mentor–Protégé Roles and Responsibilities ........................ 390 Determine Mentor Sourcing Process ................................................. 396 Engage Project Management Mentors .................................................... 400 Identify Mentor Candidates ................................................................ 400 Conduct Mentor Candidate Qualification.......................................... 402 Prepare Project Management
  • 42. Mentors............................................... 403 Conduct Project Management Mentoring ............................................... 404 Identify Engagement ........................................................................... 405 Assign Mentor (or Mentors) ............................................................... 405 Prepare for Mentoring Engagement................................................... 406 Perform Mentoring Engagement Activities ........................................ 407 Closeout Mentor–Protégé Relationship.............................................. 408 Evaluate Mentoring Program................................................................... 408 Evaluate Mentor Performance ............................................................ 408 Monitor Mentoring Program Results .................................................. 409 Postscript for the Smaller PMO ................................................................... 410
  • 43. 14 Project Planning .......................................................................413 Project Environment Interface Concepts..................................................... 414 Business Environment Interface Concepts.................................................. 415 Project Planning Activities across the PMO Continuum............................ 416 Project Planning Function Model ................................................................ 418 Establish Project Planning Capability ..................................................... 419 Define Project Plan Components....................................................... 419 Implement Project Planning Processes and Tools............................ 421 Establish Planning Facilitation and Support Capability.................... 426
  • 44. AU4680_C000.fm Page xi Monday, July 16, 2007 3:47 PM xii � The Complete Project Management Office Handbook Facilitate Project Planning Workshop ..................................................... 431 Manage Planning Workshop Arrangements ...................................... 431 Facilitate Project Workplan Development ......................................... 434 Perform Follow-Up Planning Support ............................................... 436
  • 45. Administer Project Planning .................................................................... 438 Specify Primary Project Management Plans ...................................... 439 Recommend Essential Project Support Plans.................................... 453 Prepare Project Plan Content Guidance............................................ 457 Evaluate Project Planning ................................................................... 458 Postscript for the Smaller PMO ................................................................... 462 15 Project Auditing ........................................................................465 Project Environment Interface Concepts..................................................... 466 Business Environment Interface
  • 46. Concepts.................................................. 467 Project Auditing Activities across the PMO Continuum ............................ 467 Project Auditing Function Model ................................................................. 470 Set Up Project Auditing Capability ......................................................... 470 Determine Project Auditing Needs .................................................... 471 Identify Project Auditing Resources................................................... 481 Establish Project Audit Performance Points ...................................... 485 Conduct Project Auditing ........................................................................ 487 Prepare for Project Audits and Reviews ........................................... 487 Conduct Project Audit......................................................................... 489 Prepare Project Audit Report ............................................................. 491 Manage Project Auditing Results
  • 47. ............................................................ 492 Review Project Audit Results.............................................................. 492 Analyze Aggregate Program Results .................................................. 494 Monitor Project Audit Follow-Up Actions ......................................... 495 Postscript for the Smaller PMO ................................................................... 496 16 Project Recovery.......................................................................499 Project Environment Interface Concepts..................................................... 500 Business Environment Interface Concepts.................................................. 501 Project Recovery Activities across the PMO Continuum ........................... 501
  • 48. Project Recovery Function Model................................................................ 503 Develop Recovery Assessment Process.................................................. 505 Identify Recovery Indicators............................................................... 505 Assess Project and Identify Problem Areas....................................... 506 Prepare Project Recovery Decision Package .................................... 514 Coordinate Project Recovery Decision .............................................. 515 Plan and Conduct Project Recovery ....................................................... 516 Establish Project Recovery Team ....................................................... 516 Develop Project Recovery Plan.......................................................... 522 Stabilize Project Using Recovery