The document summarizes key findings from PMI's 2016 PULSE of the PROFESSION survey which included responses from over 2,000 project management practitioners, 200 senior executives, and 280 PMO directors. Some of the main findings were that only 47% of projects were completed within their initially scheduled times and budget, and the top reason for project failure was a change in organizational priorities. Additionally, there were differences in perceptions of the value of project management between senior executives and PMO directors. The document concludes that fewer projects are meeting goals and business intent compared to previous years' surveys and there is still lack of clarity around the role of the PMO in many organizations.
Forward-looking organisations make a considerable investment - in adopting formal procedures and standards and in training managers and specialist staff - to ensure that they have the skills and techniques for managing change. Moreover they create a culture that encourages change, values experience and rewards innovation.
One of the most effective ways of achieving change and exploiting opportunities is the delivery of carefully planned projects. The management of projects is also a key building block in the development of many people’s careers. A good project manager will usually be a good general manager. The reverse does not always apply.
This document highlights the interdependence between managing a major programme of change and the disciplines of project management and change management. It is derived from our generic approach to achieving substantial step-changes in large organisations and needs further development and refinement to fit the particular circumstances of each situation.
Project Governance – Supporting Your Pmomrubenstein54
The document discusses project governance and how it is integrated with organizational governance. It outlines some of the biggest factors facing IT projects, including communication and information overload. The objectives of the session are to facilitate participation, communication, and understanding of organizational and project governance.
The State of the Project Management Office (PMO) 2014PM Solutions
PM Solutions Research first surveyed organizations about their Project/Program Management Office (PMO) practices in 2000. In our latest survey, we've taken another look at the PMO, which has become the central organizational structure for standardizing the practices of companies in the delivery of their projects. This research will help us understand PMO trends pointing to solutions that will lead organizations to success in these complex, fast-changing times.
Trends and insights into current project, programme and portfolio practices. Presented by Michael Cooch, PWC Director (PPM) at APM Governance SIG event on 12th February 2014
The document discusses the purpose and setup of a Project Management Office (PMO). It states that a PMO aims to standardize processes, provide governance and oversight of projects, and help align projects with business strategy. The document outlines the typical services a PMO provides, such as resource management, portfolio management, and reporting. It also discusses how a PMO's processes and goals evolve over the near, medium and long term to eventually establish common development practices, centralized project planning, and continuous process improvements.
This document discusses key aspects of developing and implementing an organizational performance management system, including defining key result areas (KRAs), setting objectives and goals, measuring performance, reviewing progress, evaluating performance, and providing rewards. It emphasizes establishing 3-5 specific and measurable KRAs per role that capture 80% of responsibilities. Performance management systems aim to increase the likelihood employees will achieve organizational objectives through goal setting and regular feedback.
The document summarizes key findings from PMI's 2016 PULSE of the PROFESSION survey which included responses from over 2,000 project management practitioners, 200 senior executives, and 280 PMO directors. Some of the main findings were that only 47% of projects were completed within their initially scheduled times and budget, and the top reason for project failure was a change in organizational priorities. Additionally, there were differences in perceptions of the value of project management between senior executives and PMO directors. The document concludes that fewer projects are meeting goals and business intent compared to previous years' surveys and there is still lack of clarity around the role of the PMO in many organizations.
Forward-looking organisations make a considerable investment - in adopting formal procedures and standards and in training managers and specialist staff - to ensure that they have the skills and techniques for managing change. Moreover they create a culture that encourages change, values experience and rewards innovation.
One of the most effective ways of achieving change and exploiting opportunities is the delivery of carefully planned projects. The management of projects is also a key building block in the development of many people’s careers. A good project manager will usually be a good general manager. The reverse does not always apply.
This document highlights the interdependence between managing a major programme of change and the disciplines of project management and change management. It is derived from our generic approach to achieving substantial step-changes in large organisations and needs further development and refinement to fit the particular circumstances of each situation.
Project Governance – Supporting Your Pmomrubenstein54
The document discusses project governance and how it is integrated with organizational governance. It outlines some of the biggest factors facing IT projects, including communication and information overload. The objectives of the session are to facilitate participation, communication, and understanding of organizational and project governance.
The State of the Project Management Office (PMO) 2014PM Solutions
PM Solutions Research first surveyed organizations about their Project/Program Management Office (PMO) practices in 2000. In our latest survey, we've taken another look at the PMO, which has become the central organizational structure for standardizing the practices of companies in the delivery of their projects. This research will help us understand PMO trends pointing to solutions that will lead organizations to success in these complex, fast-changing times.
Trends and insights into current project, programme and portfolio practices. Presented by Michael Cooch, PWC Director (PPM) at APM Governance SIG event on 12th February 2014
The document discusses the purpose and setup of a Project Management Office (PMO). It states that a PMO aims to standardize processes, provide governance and oversight of projects, and help align projects with business strategy. The document outlines the typical services a PMO provides, such as resource management, portfolio management, and reporting. It also discusses how a PMO's processes and goals evolve over the near, medium and long term to eventually establish common development practices, centralized project planning, and continuous process improvements.
This document discusses key aspects of developing and implementing an organizational performance management system, including defining key result areas (KRAs), setting objectives and goals, measuring performance, reviewing progress, evaluating performance, and providing rewards. It emphasizes establishing 3-5 specific and measurable KRAs per role that capture 80% of responsibilities. Performance management systems aim to increase the likelihood employees will achieve organizational objectives through goal setting and regular feedback.
This document outlines the importance of relationship management for projects. It discusses the key relationships a project manager needs to cultivate, including with the sponsor, steering committee, subject matter experts, end-users, functional management, organizational project management, and vendors. For each relationship, it identifies concerns from their perspective and tips for managing the relationship successfully, such as understanding expectations, keeping stakeholders informed and involved, and establishing clear guidelines. Overall, it emphasizes the importance of empathizing with others, effective communication, and treating others as you wish to be treated.
This document provides a summary of project management services from SSCG, a global management consulting firm. SSCG offers portfolio, programme and project management consulting to help clients improve processes and capabilities. Key services highlighted include portfolio management, programme management office setup, benefits realization assessment, and project risk assessment. The document emphasizes that effective project management can help drive strategic alignment, reduce costs and improve success rates. Contact information is provided to learn more about SSCG's project management consulting offerings.
This document contains several submissions from different project managers outlining details of a strategic initiative to develop a new revenue stream. It includes sections on the initiative's goal, lead units and team members, performance metrics, potential revenue estimates over 5 years, services and business model, target customers and assumptions/risks, required resources, and a risk/contingency analysis. The initiative aims to strengthen vocational supports through identifying and implementing a new revenue source.
The pmo strategy discipline execution valueOrlando Lugo
The document discusses how a PMO (Project Management Office) can provide strategic leadership, follow best practices, ensure project execution, and realize business benefits. It argues that a PMO should focus on strategic goals, implement discipline through proven methods, and maximize value by ensuring projects deliver benefits. A PMO oversees a company's portfolio of projects to ensure they are aligned with strategy and priorities.
The document discusses the differences between program management and project management. It states that program management involves managing multiple related projects to improve organizational performance, while being related to systems engineering. Key differences outlined include that programs have broader scope, focus on business objectives over technical tasks, involve governance, financial management, and executive-level change management. Project management focuses more on individual project content, scope, schedule, resources, and risk management. The document provides examples of responsibilities for program and project managers.
This presentation was delivered as part of the corporate training that i conduct.
The sessions were for the project managers & Sr project managers, who are aspiring to be the program managers.
Insights and Trends: Current Portfolio, Programme, and Project Management ...CollectiveKnowledge
2012 PWC's third global survey on the current state of project management. New study is starting now and will be release somewhere this year (2014). Meanwhile, this is only 2 years old, so quite relevant. A total of 1,524 respondents from 38 countries and within 34 industries shared their insights
A program is a temporary organization created to coordinate related projects over several years to deliver strategic objectives and benefits to an organization. A project is also temporary but usually exists for a shorter duration to deliver specific outputs according to a business case. Programs focus on outcomes while projects focus on outputs. Program and project management are complementary, with program management overseeing related projects and their management to achieve program outcomes through interim and end benefits.
The document discusses project portfolio management (PPM) and how the Microsoft Enterprise Project Management (EPM) Solution supports PPM.
It defines PPM as the process of identifying, selecting, and managing a portfolio of projects aligned with strategic objectives. PPM follows a governance lifecycle of create, select, plan, and manage. Key PPM processes include demand management, portfolio selection, capacity planning, resource management, and portfolio/project reporting. The EPM solution provides tools that integrate with Microsoft technologies to support these processes and help organizations improve governance and execution.
Defining organizational project management 2012Nigel Williams
Organizational Project Management (OPM) involves the systematic management and integration of temporary projects, programs, and portfolios to enable strategic initiatives in organizations. OPM can be viewed as both an organizational structure, where companies are made up of interconnected projects, and as a set of practices to evaluate and improve project management maturity. Effective OPM requires considering key elements like positioning projects within the organization's strategy, governance structures, interfaces between projects, practices, and performance measurement.
Project Portfolio Management - An insiders overviewSaji Madapat
The document discusses project portfolio management (PPM) and its benefits for organizations. PPM can help bridge the gap between organizational strategy and successful projects. It involves managing a collection of projects and programs as a group to maximize strategic benefits. The document outlines the evolution of PPM standards and provides an overview of implementation approaches and roles within PPM.
The endeavor of the report is in the direction of scrutinizing the effectiveness of project management in expressions of managerial structures, technological proficiency, and management skill along with the features of an effectual venture manager.
Before exploring the main content of the report let us consider the general concepts of the key words of relative topic or respective report.
Efficacy simply coded, is the core skill, aptitude or the capacity on the way to bring into being a required or projected outcome. The extent in the direction of which a touch is victorious in generating a looked-for outcome is effectiveness
Program Management Offices (PgMOs) serve to provide portfolio, program and project management governance, policy, procedure, process, guidance, standards, tools, techniques, templates, methodologies, evaluation, risk, performance measurement, and reporting expertise in the role of a Center of Excellence. In implementing a PgMO, clients seek to ensure not only successful delivery of programs, projects and operations -- but also to obtain the benefits from a coordinated framework and methodology for continual improvement of program/project management, vendor management, ongoing operations management and resource management. Ideally, the proper setup, management, measurement & services offered at the PgMO will increase the likelihood of benefits realization within their organization and partner agencies.
Project management offices (PMOs) evolve through the project, program and portfolio management stages as they mature to meet ever-increasing business needs. A project management office can reduce the risk of project schedule slippage, cost overruns and scope creep by focusing on a standard project management process, basic tools and project manager development. A program management office can improve resource management across business and IT projects and programs by combining related business and IS projects into programs, as well as by implementing governance, communications programs and collaboration tools. A portfolio management office can contribute to business growth by optimizing the mix of project and program investments and focusing on benefits realization and knowledge management. CIOs must ensure that their PMOs master the basics of their current stage before they evolve them to the next stage
The document outlines a proposed IT governance model and program management office (PMO) for an organization called OIM. It describes the key elements and functions of the PMO, including project execution, process management, vendor management, financial management, and customer relationship management. It proposes implementing these elements in 4 phases, with the most critical elements in phase 1. The PMO aims to improve project delivery, investment decisions, resource management, and customer satisfaction through implementing standardized processes, tools, and training across the organization.
Project prioritization becomes more strategici-nexus
Very few organizations have the luxury of committing to a range of projects without having an effective way of prioritizing these. One could argue that this issue is more likely to be experienced by organizations that are relatively immature in their operational excellence or strategy execution journey. We’re not necessarily finding that. As companies continue to look to cut waste, improve efficiencies and improve the effectiveness of their strategy processes, project prioritization has become a hot topic.
The document summarizes the key changes between the 1st and 2nd editions of the Standard for Program Management. The 2nd edition expands the scope significantly, adding 9 new knowledge areas and restructuring the document around these areas. It also strengthens the framework for program management, eliminates themes, and provides more details on processes, tools, and techniques. The glossary was also expanded to include new terms from the 2nd edition.
This document discusses the benefits of adopting a project management approach for organizations. It outlines strategic benefits like ensuring projects are tied to business goals and objectives. Tactical benefits for management include providing confidence that project objectives will be met through using plans, change control, and communication. For projects, the framework addresses elements needed for success. Benefits also include improving aspects of the organization's infrastructure like communication skills and procurement practices. Additionally, properly managed projects can create a positive working environment and boost employee satisfaction and morale.
"Interfaces Between Strategic Management of an Enterprise and Managing Project Portfolios Within the Enterprise" April 1, 2010, Istanbul Keynote paper
25 11-big 5- critical success factors for applying Organizational Project Management (OPM)governance in MENA region, based on Ph.D. dissertation research by: Ahmed Alsenosy
The document provides information about a hybrid module called the Organizational Projects Management Office (OPMO) that combines portfolio, program, and project management functions. The OPMO aims to align all organizational components with strategic objectives, standardize practices, develop competencies, manage resources across components, and facilitate organizational learning. Key functions of the OPMO include monitoring component performance, multi-component coordination, strategic management, and ensuring organizational benefits are realized. The OPMO structure centrally manages all organizational components and change initiatives while integrating with business units.
This document outlines the importance of relationship management for projects. It discusses the key relationships a project manager needs to cultivate, including with the sponsor, steering committee, subject matter experts, end-users, functional management, organizational project management, and vendors. For each relationship, it identifies concerns from their perspective and tips for managing the relationship successfully, such as understanding expectations, keeping stakeholders informed and involved, and establishing clear guidelines. Overall, it emphasizes the importance of empathizing with others, effective communication, and treating others as you wish to be treated.
This document provides a summary of project management services from SSCG, a global management consulting firm. SSCG offers portfolio, programme and project management consulting to help clients improve processes and capabilities. Key services highlighted include portfolio management, programme management office setup, benefits realization assessment, and project risk assessment. The document emphasizes that effective project management can help drive strategic alignment, reduce costs and improve success rates. Contact information is provided to learn more about SSCG's project management consulting offerings.
This document contains several submissions from different project managers outlining details of a strategic initiative to develop a new revenue stream. It includes sections on the initiative's goal, lead units and team members, performance metrics, potential revenue estimates over 5 years, services and business model, target customers and assumptions/risks, required resources, and a risk/contingency analysis. The initiative aims to strengthen vocational supports through identifying and implementing a new revenue source.
The pmo strategy discipline execution valueOrlando Lugo
The document discusses how a PMO (Project Management Office) can provide strategic leadership, follow best practices, ensure project execution, and realize business benefits. It argues that a PMO should focus on strategic goals, implement discipline through proven methods, and maximize value by ensuring projects deliver benefits. A PMO oversees a company's portfolio of projects to ensure they are aligned with strategy and priorities.
The document discusses the differences between program management and project management. It states that program management involves managing multiple related projects to improve organizational performance, while being related to systems engineering. Key differences outlined include that programs have broader scope, focus on business objectives over technical tasks, involve governance, financial management, and executive-level change management. Project management focuses more on individual project content, scope, schedule, resources, and risk management. The document provides examples of responsibilities for program and project managers.
This presentation was delivered as part of the corporate training that i conduct.
The sessions were for the project managers & Sr project managers, who are aspiring to be the program managers.
Insights and Trends: Current Portfolio, Programme, and Project Management ...CollectiveKnowledge
2012 PWC's third global survey on the current state of project management. New study is starting now and will be release somewhere this year (2014). Meanwhile, this is only 2 years old, so quite relevant. A total of 1,524 respondents from 38 countries and within 34 industries shared their insights
A program is a temporary organization created to coordinate related projects over several years to deliver strategic objectives and benefits to an organization. A project is also temporary but usually exists for a shorter duration to deliver specific outputs according to a business case. Programs focus on outcomes while projects focus on outputs. Program and project management are complementary, with program management overseeing related projects and their management to achieve program outcomes through interim and end benefits.
The document discusses project portfolio management (PPM) and how the Microsoft Enterprise Project Management (EPM) Solution supports PPM.
It defines PPM as the process of identifying, selecting, and managing a portfolio of projects aligned with strategic objectives. PPM follows a governance lifecycle of create, select, plan, and manage. Key PPM processes include demand management, portfolio selection, capacity planning, resource management, and portfolio/project reporting. The EPM solution provides tools that integrate with Microsoft technologies to support these processes and help organizations improve governance and execution.
Defining organizational project management 2012Nigel Williams
Organizational Project Management (OPM) involves the systematic management and integration of temporary projects, programs, and portfolios to enable strategic initiatives in organizations. OPM can be viewed as both an organizational structure, where companies are made up of interconnected projects, and as a set of practices to evaluate and improve project management maturity. Effective OPM requires considering key elements like positioning projects within the organization's strategy, governance structures, interfaces between projects, practices, and performance measurement.
Project Portfolio Management - An insiders overviewSaji Madapat
The document discusses project portfolio management (PPM) and its benefits for organizations. PPM can help bridge the gap between organizational strategy and successful projects. It involves managing a collection of projects and programs as a group to maximize strategic benefits. The document outlines the evolution of PPM standards and provides an overview of implementation approaches and roles within PPM.
The endeavor of the report is in the direction of scrutinizing the effectiveness of project management in expressions of managerial structures, technological proficiency, and management skill along with the features of an effectual venture manager.
Before exploring the main content of the report let us consider the general concepts of the key words of relative topic or respective report.
Efficacy simply coded, is the core skill, aptitude or the capacity on the way to bring into being a required or projected outcome. The extent in the direction of which a touch is victorious in generating a looked-for outcome is effectiveness
Program Management Offices (PgMOs) serve to provide portfolio, program and project management governance, policy, procedure, process, guidance, standards, tools, techniques, templates, methodologies, evaluation, risk, performance measurement, and reporting expertise in the role of a Center of Excellence. In implementing a PgMO, clients seek to ensure not only successful delivery of programs, projects and operations -- but also to obtain the benefits from a coordinated framework and methodology for continual improvement of program/project management, vendor management, ongoing operations management and resource management. Ideally, the proper setup, management, measurement & services offered at the PgMO will increase the likelihood of benefits realization within their organization and partner agencies.
Project management offices (PMOs) evolve through the project, program and portfolio management stages as they mature to meet ever-increasing business needs. A project management office can reduce the risk of project schedule slippage, cost overruns and scope creep by focusing on a standard project management process, basic tools and project manager development. A program management office can improve resource management across business and IT projects and programs by combining related business and IS projects into programs, as well as by implementing governance, communications programs and collaboration tools. A portfolio management office can contribute to business growth by optimizing the mix of project and program investments and focusing on benefits realization and knowledge management. CIOs must ensure that their PMOs master the basics of their current stage before they evolve them to the next stage
The document outlines a proposed IT governance model and program management office (PMO) for an organization called OIM. It describes the key elements and functions of the PMO, including project execution, process management, vendor management, financial management, and customer relationship management. It proposes implementing these elements in 4 phases, with the most critical elements in phase 1. The PMO aims to improve project delivery, investment decisions, resource management, and customer satisfaction through implementing standardized processes, tools, and training across the organization.
Project prioritization becomes more strategici-nexus
Very few organizations have the luxury of committing to a range of projects without having an effective way of prioritizing these. One could argue that this issue is more likely to be experienced by organizations that are relatively immature in their operational excellence or strategy execution journey. We’re not necessarily finding that. As companies continue to look to cut waste, improve efficiencies and improve the effectiveness of their strategy processes, project prioritization has become a hot topic.
The document summarizes the key changes between the 1st and 2nd editions of the Standard for Program Management. The 2nd edition expands the scope significantly, adding 9 new knowledge areas and restructuring the document around these areas. It also strengthens the framework for program management, eliminates themes, and provides more details on processes, tools, and techniques. The glossary was also expanded to include new terms from the 2nd edition.
This document discusses the benefits of adopting a project management approach for organizations. It outlines strategic benefits like ensuring projects are tied to business goals and objectives. Tactical benefits for management include providing confidence that project objectives will be met through using plans, change control, and communication. For projects, the framework addresses elements needed for success. Benefits also include improving aspects of the organization's infrastructure like communication skills and procurement practices. Additionally, properly managed projects can create a positive working environment and boost employee satisfaction and morale.
"Interfaces Between Strategic Management of an Enterprise and Managing Project Portfolios Within the Enterprise" April 1, 2010, Istanbul Keynote paper
25 11-big 5- critical success factors for applying Organizational Project Management (OPM)governance in MENA region, based on Ph.D. dissertation research by: Ahmed Alsenosy
The document provides information about a hybrid module called the Organizational Projects Management Office (OPMO) that combines portfolio, program, and project management functions. The OPMO aims to align all organizational components with strategic objectives, standardize practices, develop competencies, manage resources across components, and facilitate organizational learning. Key functions of the OPMO include monitoring component performance, multi-component coordination, strategic management, and ensuring organizational benefits are realized. The OPMO structure centrally manages all organizational components and change initiatives while integrating with business units.
The document discusses a 2012 study by PMI that identified five common PMO frameworks. It then provides details on each of the five frameworks including the Organizational Unit PMO, Project Support/Services/Controls Office or PMO, Enterprise/Organization-wide/Strategic/Corporate/Portfolio/Global PMO, Center of Excellence/Center of Competency, and Project-Specific PMO/Project Office/Program Office. It also outlines the top domains of work that PMOs focus on and how PMO managers can use the information from the study to benchmark and improve their own PMO.
هذه المحاضرة تتناول الاتجاهات الحديثة في إدارة المشاريع حيث تحدثت فيها عن:
• مقدمة بسيطة عن التحول الرقمي
• الوضع الحالي لإدارة المشاريع بتقييم من ال
PMI
• أهم ثلاثة عوامل في نجاح المشاريع مستقبلا
• طرق العمل الجديدة لإدارة المشاريع
• دور مكتب إدارة المشاريع مستقبلا
• التعامل مع التحول الرقمي
• المهارات المطلوبة لمدراء المشاريع للتعامل مع التحول الرقمي
• حديث عن ال
Gig Economy
لحضور المحاضرة يمكنك الدخول على رابط الفيديو
https://youtu.be/rMD6sXSMLLA
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
This document summarizes key aspects of corporate governance from a presentation given to the APM North West branch. It defines corporate governance as the system that directs and controls companies, with the board responsible for governance. The main principles discussed are leadership, effectiveness, accountability, and remuneration. Leadership principles include board responsibility for long-term success and a clear division of chair and executive roles. Effectiveness principles cover skills and time commitment. Accountability principles relate to risk management and transparency. Remuneration principles address executive pay and shareholder engagement.
The Project Management Maturity Model is a formal tool developed by PM Solutions and
used to measure an organization's project management maturity. Once the initial level of maturity and
areas for improvement are identified, the PMMM provides a roadmap, outlining the necessary steps to
take toward project management maturity advancement and performance improvement.
The Project Management Maturity Model is a formal tool developed by PM Solutions and
used to measure an organization's project management maturity. Once the initial level of maturity and
areas for improvement are identified, the PMMM provides a roadmap, outlining the necessary steps to
take toward project management maturity advancement and performance improvement.
Levels of Project Management Maturity
Level 1: Initial Process
o Ad hoc processes
o Management awareness
Level 2: Structured Process and Standards
o Basic processes; not standard on all projects; used on large, highly visible projects
o Management supports and encourages use
o Mix of intermediate and summary-level information Estimates and schedules
based on expert knowledge and generic tools
o Project-centric focus
Level 3: Organizational Standards and Institutionalized Process
o All processes standard for all projects and repeatable
o Management has institutionalized processes
o Summary and detailed information
o Baseline and informal collection of actual data
o Estimates and schedules may be based on industry
o standards and organizational specifics
o Organizational focus
o Informal analysis of project performance.
Level 4: Managed Process
o Processes integrated with corporate processes
o Management mandates compliance
o Management takes an organizational entity view
o Solid analysis of project performance
o Estimates and schedules normally based on organization specifics
o Management uses data to make decisions
Level 5: Optimizing Process
o Processes to measure project effectiveness and efficiency
o Processes in place to improve project performance
o Management focuses on continuous improvement
"Interfaces Between Strategic Manaement of an Enterprise and Managing Project Portfolios Within th Enterprise," Istanbul keynote slides, April 1, 2010
Project governance provides a framework to ensure projects deliver expected value. It involves defining what the organization wants to achieve, how projects will be planned and executed, and how success will be measured. Implementing a project governance model based on a maturity framework like OGC P3M3 can improve budget/schedule predictability, productivity, quality and customer satisfaction. Reaching level 3 maturity involves defining standard processes in key areas like risk management and implementing them consistently across projects.
The 5 Critical Elements to Creating a Project Management Center of ExcellenceFlevy.com Best Practices
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/the-5-critical-elements-to-creating-a-project-management-centre-of-excellence/
Creating a Project Management Centre of Excellence is the driving force that takes an organization forward to realize their project management mandate. It encompasses the process of creating a strategy for project management, re-shaping the culture to be more focused on the consistency in the management of projects and implementing a project management process.
Creating a Project Management Centre of Excellence
project_management_COEA Centre of Excellence is a business unit that has organization-wide authority. The key elements of a successful Project Management Centre of Excellence include:
Vision and Strategies
A clear vision of what it represents and the strategies to identify how it will reach this vision in the short and long term.
Competencies
The selection of resources based on project competency requirements compared to actual project resource competencies. The identification of coaching, training and other developmental activities to close any competency gap.
Culture
How to re-shape the organizational culture to be more supportive of the consistency in the management of projects.
Processes
The right processes, tools and templates that are helpful and meaningful to project managers and their teams.
Quality
The quality criteria for the project management framework, processes and documents.
1. Create the Vision and Strategies
One approach to creating a vision for the Centre of Excellence is to brainstorm ideas that focus on what the future will look like. Start by creating scenarios that describe what the Centre will be doing 5 years into the future. What are some of the things that they will be doing that reflect a successful Centre of Excellence? What will employees and customers be saying about them? How did they get there?
The outcome of this process is the creation of a vision statement for the Project Management Centre of Excellence. Determine how this vision aligns and supports the organization’s strategic direction.
The alignment of the Centre of Excellence to the goals of the organization is key to driving strategy implementation. Strategies translate this vision into reality. They close the gap between the present and the “ideal” future described in the vision scenarios. These strategies must be described clearly so that the organization understands and accepts them.
Assessing PMO Maturity In Your OrganizationSasha Lapshina
The document discusses assessing the maturity of a project management office (PMO) in an organization. It provides an overview of what a PMO is and a continuum of PMO maturity from ad-hoc to optimized. The presentation recommends using a proven approach to conduct a PMO maturity assessment that involves planning the assessment project, getting stakeholders aligned, conducting the assessment, determining a desired maturity level, and developing a roadmap. Partnerships with consulting teams, software providers, and other external parties are recognized as valuable for reaching the desired maturity level.
What are the differences between project and program management? How are they similar? What strategies are necessary for a successful transition from one to the other?
This presentation will address those questions and in addition provide practical guide lines and tips to those individuals aspiring be successful program managers as well as organizations that are in transition.
The Ultimate Guide_ What Does PMO Mean in Business.pdfPMOGlobalInstitute
In today's fast-paced business environment, organizations are constantly striving to streamline their processes, improve project success rates, and ensure strategic alignment. One effective approach that has gained significant popularity is establishing a Project Management Office (PMO). In this comprehensive guide, we will explore what PMO means in a business context, its types, functions, benefits, challenges, and how to establish a successful PMO.
1 b. introduction to project managementDr.R. SELVAM
This document discusses key aspects of project management including stakeholders, knowledge areas, tools and techniques, project success factors, and the roles of project managers. It notes that stakeholders include sponsors, managers, teams, suppliers and others. The nine knowledge areas describe competencies for project managers. Project management tools help monitor progress. Factors like executive support and clear objectives help projects succeed. The profession of project management continues growing in importance.
The document discusses project oversight and its importance. Project oversight aims to ensure projects meet organizational standards and procedures while supporting project managers. Oversight activities include project selection, portfolio management, and assessing the maturity of the organization's project management system. Oversight functions provide support to project managers, influence performance measures, and determine the environment in which projects are managed. Current trends show an increase in the scope and strategic focus of project management through approaches like portfolio and phase gate methodologies.
Ken Martin has extensive experience in business, IT, and project management across several large companies. He discusses the benefits of project portfolio management (PPM), which include improved alignment with business strategy, visibility and control, collaboration, pipeline and resource management, financial management, and risk management. Without effective PPM, organizations can experience issues like approving projects that don't meet strategic needs, not having clear priorities, and overallocating resources. Key actions for implementing PPM include gaining stakeholder alignment, obtaining management support, developing a framework, and deciding on tools and reporting. The PPM process involves gathering all project data, prioritizing projects, assigning resources, and ongoing monitoring.
The document provides an overview of building a collaborative project management office (PMO) at an organization. It begins with defining key terms like project, program, and portfolio. It then discusses the history and evolution of PMOs from the 1920s to present day. The document outlines various PMO typologies and maturity models. It also provides a case study analysis of implementing a PMO at Regus, a large flexible office space provider. The case study describes conducting a project audit at Regus and developing a collaborative approach and objectives for the new PMO. Finally, the document discusses various project lifecycle stages and tools for strategic project portfolio management.
Organizational Project Management (OPM) is a strategy execution framework that utilizes portfolio, program, and project management practices to consistently deliver organizational strategy and produce better performance. The OPM framework supports balance between project and business management to achieve organizational strategy. Critical elements of the OPM framework include knowledge management, talent management, and OPM governance. The framework bridges the gap between an organization's vision and projects underway to meet strategic objectives through coordination and alignment.
Similar to Big5 Saudi (7-3-2018)- Critical Success Factors for Applying (Organizational Project Management) governance in MENA region organizations (20)
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
This document provides information about Masar AlryadaH, a management consulting firm based in Saudi Arabia. It discusses the company's history and values, as well as its mission to provide consulting solutions to maximize benefits from natural and human resources through sustainable development. The document outlines Masar AlryadaH's services, which include strategy, project management, business development, IT, and more. It also introduces some of the company's qualified consultants and their backgrounds.
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Big5 Saudi (7-3-2018)- Critical Success Factors for Applying (Organizational Project Management) governance in MENA region organizations
1. Critical success factors for apply Organizational
Project Management Governance in MENA Region
Ph.D. Dissertation research
By: Ahmed Alsenosy
2017
2. 2016 Projects performance. 2PMI,2017
AHMED ALSENOSY, Ph.D. (cand), MSc, PMP®, PMI-PBA, PMI-RMP®, PRINCE2
Ahmed Ibrahim Alsenosy holds a Bachelor of Civil Engineering.
Ph.D. (student) …“Critical success factors for applying (OPM) Governance in Construction industry in MENA region”
…Expected ISA 2018 - University of Cincinnati - USA
Member and Certified by the project management institute – Pennsylvania - USA as:
1 - Project manager professional (PMP ®) – 2011
2 - Risk Manager Professional (PMI-RMP ®) – 2013
3- Professional Business Analysis – PMI-PBA – 2017
4- Portfolio Management Professional – PfMP - in progress ISA before Jan 2018
And certified from AXELOS – UK
5 - PRINCE2(practitioner) Certified -2017
Holds academic degrees as per the following:
6- Master of projects management MSc- Denmark. – 2016
“BPCPM of applying PMI Module in construction projects management on KSA”
7 - International Trainer Professional (TOT®) Diploma - Cairo University - 2014
8- Arbitration in Construction Contracts Diploma – Arab Academy for Science – 2016
9- Chairman of Rwaad Al arab PM magazine
10- the founder and the CEO of ProfessionalEngineers company for training, consultation and education
11- the author of PMP Project management Book registered in KSA and published by Jarrir book stores.
About him
Implemented more than
140 PMP & Other PM
courses in MENA region
4. Source: 2017-2027 Project Management Job
Growth and Talent Gap Report 4
The GDP contributions from project-
oriented industries are forecasted to
reach $20.2 trillion over the next 20 years
5. • Organizations are wasting an
average of $97 million for every $1
billion invested, due to poor project
performance.
5
PMI,2017
PMI, 2018
6. •“If your organization is not good
at project management, you’re
putting too much at risk in terms
of ultimately delivering on
strategy.”
Mark Langley , PMI ‘ CEO, 2017
Mark Langely, 2018
7. 7
Too much money is being wasted on poor project
performance, for many reasons:
• Organizations fail to bridge the gap between strategy design and
delivery.
• Executives don’t recognize that strategy is delivered through projects.
• The essential importance of project management as the driver of an
organization’s strategy isn’t fully realized
PMI, 2018
8. 8
TOP DRIVERS OF PROJECT SUCCESS
•1. Investing in actively engaged executive sponsors
•2. Avoiding scope creep or uncontrolled changes to
a project’s scope
•3. Maturing value delivery capabilities
PMI, 2018
12. Governance definitions
Governance refers to the set of policies, regulations, functions, processes,
procedures and responsibilities that define the establishment,
management and control of projects, programmes and portfolios.
APM,2009
Governance is the exercise of economic, political and administrative
authority to manage a country’s affairs at all levels. It comprises the
mechanisms, processes and institutions through which citizens and groups
articulate their interests, exercise their legal rights, meet their obligations
and mediate their differences.
United Nations Development Programme, 2004
13. Organizational governance
Corporate governance involves a set of relationships between a
company’s management, its board, its shareholders and other
stakeholders. Corporate governance also provides the structure
through which the objectives of the company are set, and the means
of attaining those objectives and monitoring performance are
determined.
PMI,2016
Organizational governance. A structured way to provide control,
direction, and coordination through people, policies, and processes
to meet organizational strategic and operational goals.
OECD Principles of Corporate Governance 2004
OECD:
The Organisation for Economic Co-operation and Development
14. Organization two live halves
Portfolio
Program
Project
OPMOperations
Strategy
Sustainthebusiness
Changeapplying
15. Organizational Project Management
PMBOK V6,2017
Organizational Project
Management is the
systematic management of
projects, programs, and
portfolios in alignment with
the achievement of strategic
goals.
PMI, 2016
19. OPM governance
The governance of portfolios, programmes and projects is a necessary
part of organisational governance. It gives an organisation the required
internal controls, while externally, it reassures stakeholders that the
money being spent is justified.
APM, 2004
The framework, functions, and processes that guide organizational
project management activities in order to align portfolio, program, and
project management practices to meet organizational strategic and
operational goals. PMI, 2016
23. Governance and Program and Project Complexity
Scenario A. This scenario indicates that the
governance resources and processes are
greater than required based on program and
project complexity, resulting in inefficient
governance.
Scenario B. This scenario indicates that the
existing governance resources and processes
are less than required based on the program
and project complexity resulting in risks to
program and project execution and the
achievement of strategic goals and
objectives.
30. OPM Governance Critical Success Factors Domains
OPM
Governance
Strategic
Alignment
OPM
Methodologies
& Competency
Performance
and Risk
Management
Communications
and Decision-
Making
31. Strategic Alignment Factors
Critical success Factors Order.
1 The presence of organizational strategy and goals.
2
The clearly coherent and supporting relationship between the overall business strategy and the
OPM.
3 The procedures for prioritization of projects to align with strategy and operational objectives.
4
The strategic alignment which ensures portfolios, programs and projects support achievement of
business objectives.
5
The OPM direction which seeks to ensure that all projects are identified within the one,
sustainable OPM.
32. OPM Methodologies & Competency Factors
Critical success Factors Order.
1
The existence of (Vision, Mission, Values, Regional differences, Regulatory Policies and Risk tolerances, view of leadership, hierarchy, and authority, and
motivation and reward system are in place.
1
The existence of Organizational Project Management Methodology which provides the structure (people and processes) necessary to
implement portfolios, programs, and projects.
3 The design governance at the portfolio, program, and project levels, consistency and synergy lead to adoption and successful implementation.
4 The disciplined governance arrangements, supported by appropriate methods, resources and controls are applied throughout the project lifecycle.
5 The OPM tailoring considerations such as (projects sizes, complexity and Risks).
6
The providence of the necessary human resources to implement the governance, considering that; when increasing the human resources plus the need
may cause bureaucracy, and the shortage may entail risks and lack of effectiveness.
7
The sufficiency of Competency Management which ensures that skills are developed and available when needed to implement portfolios, programs, and
projects.
8
The mandatory compliance documents and communicate policies that define the conditions for mandatory compliance with organizational governance
processes.
9 The clearly coherent and supporting relationship between the overall business strategy and the OPM.
10 The establishment of an integrated framework for governance and access to conform to the existing structure and the nature of current OPM.
33. OPM Methodologies & Competency Factors
Top 5 Critical success Factors Order.
1
The existence of (Vision, Mission, Values, Regional differences, Regulatory Policies and Risk
tolerances, view of leadership, hierarchy, and authority, and motivation and reward system
are in place.
1
The existence of Organizational Project Management Methodology which provides the
structure (people and processes) necessary to implement portfolios, programs, and projects.
3
The design governance at the portfolio, program, and project levels consistency and synergy
lead to adoption and successful implementation.
4
The disciplined governance arrangements, supported by appropriate methods, resources and
controls are applied throughout the project lifecycle.
5 The OPM tailoring considerations such as (projects sizes, complexity and Risks).
34. Communications and Decision-Making
Factors
Critical success Factors Order.
1
The roles, responsibilities, accountabilities, and authorities that document and communicate the specific authorities such as thresholds for
decision making of the governance bodies.
2
The OPM stakeholders are engaged at a level that is commensurate with their importance to the organization and in a manner, that fosters
trust.
3 The context and environment (multinational, governmental agency, nongovernmental organization) be taken into consideration.
4
The board or its delegated agents decide when independent scrutiny of PPP or project management systems is required and implement such
assurance accordingly.
5 The organization fosters a culture of improvement and frank internal disclosure of project management information.
6
The transparent existence which means that decisions were taken and their enforcement are done in a manner that follows the rules and
regulations.
7
The OPM sponsorship which seeks to ensure that PPP support is the effective link between the organization’s senior executive body and the
management of each project or program.
35. Communications and Decision-Making Factors
Top 5 Critical success Factors Order.
1
Existence of The roles, responsibilities, accountabilities, and authorities that document and
communicate the specific authorities such as thresholds for decision making of the governance
bodies.(Management Elements)
2
The OPM stakeholders are engaged at a level that is commensurate with their importance to the
organization and in a manner, that fosters trust.
3
The context and environment (multinational, governmental agency, nongovernmental
organization) be taken into consideration.
4
The board or its delegated agents decide when independent scrutiny of PPP or project
management systems is required and implement such assurance accordingly.
5
The organization fosters a culture of improvement and frank internal disclosure of project
management information.
PPP: Portfolio, Program, Project
36. Performance and Risk Management Factors
Critical success Factors Order.
The oversight which provides overall guidance and direction to OPM1
The clearly defined criteria for reporting project, program and portfolio status and the escalation of risks and issues to the levels required by
the organization.
2
The application of Key Performance Indicators in order to measure governance effectiveness as well as portfolio, program and project
performance in order to ensure business value is being delivered.
3
The control Which establishes appropriate controls, audits, and reviews including reporting and risk management activities.4
The effective and efficient - Good governance means that processes and institutions produce results that meet the needs of stakeholders
while making the best use of resources at their disposal.
5
The development of change management mechanisms for continuous improvement for governance structure.6
The existence of OPM Risk Management through PPP.7
The obeying of the rule of law whereas good governance requires fair legal frameworks that are enforced impartially.8
The disclosure and reporting which seeks to ensure that the content of PPP reports will provide timely, relevant and reliable information that
supports the organization’s decision-making processes, without fostering a culture of micro-management.
9
The learning then adopts any redesign. Governance is an evolutionary process. Learn from mistakes and new or improved knowledge.10
37. Performance and Risk Management Factors
Top 5 Critical success Factors Order.
The oversight which provides overall guidance and direction to OPM1
The clearly defined criteria for reporting project, program and portfolio status and the escalation of
risks and issues to the levels required by the organization.
2
The application of Key Performance Indicators in order to measure governance effectiveness as
well as portfolio, program and project performance in order to ensure business value is being
delivered.
3
The control Which establishes appropriate controls, audits, and reviews including reporting and risk
management activities.
4
The effective and efficient - Good governance means that processes and institutions produce
results that meet the needs of stakeholders while making the best use of resources at their
disposal.
5