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Prof Akram Hassan SME@PMI
BMO Integration with PMO
“
Profitability is coming from
productivity, efficiency,
management, austerity, and the
way to manage the business.”
—Carlos Slim
Prof. Akram Hassan
PhD, MBA, PMP, PMI-RMP,
SME @ 12 PMI Standards
Thanks for interest in BMO
position
• Support the BMO Lead in all aspects of financial
reporting, data analysis and controls.
• Help to define the strategiesof the BMO office and
its support of all aspects of the Global portfolio
• Provide strategic direction to direct staff and serve
as point of escalation for issues
Business management Office
BMO purpose: providing strategic guidance
to all Marketing, supporting cross processes,
establishing and keeping standards aiming
the resource usage optimization and
compliance, and collaborating for decision-
making process.
Business Manager
A modern business manager must
be proficient in managing finance,
business resources, accounts,
human resource, purchasing,
marketing, stock control, office
organization and control,
computerization, communications
and much more.
19th century Business Office
Business establish for performing economic
activities: businesses exist to produce a
profit. While project business is the part of a
business that relates to projects.
1.Business Vs Projects
The key differences between Projects and Business-As-Usual (BAU)
Business world
The Purpose of project to serve as an investment of funds aimed
at maximizing the returnof wealth to the stockholders
https://www.pmi.org/learning/library/business-managers-owners-excellence-models-6034
…a Project!
3. Projects have specific plans are
generally bespoke and created to
meet the deliverablesof the
project. BAU follow internal process
that maintain the business.
4. The project will be funded from the
capital budget. BAU would be
funded from operational budget.
Changemakers vs. Change Identifiers
Capitalizing vs. Not Capitalizing Costs
BAU Not …
1. Project introduces a one off, change
or new product but BAU would seek
to reproduce the same item.
2. Projects are temporary delivered over
a finite period to meet a specific goal
BAU would be the day to day repeat
activities for an existing product and
service.
Time-Bound vs. Ongoing
Cross-Functional vs. Functional
BAU & Project Conflicts
It has an implication for project
teams who might see:
1. Their funding cut,
2. Key resources pulled back to
BAU roles
3. Timelines delayed because
keeping the day-to-day
operations of the organization.
Keeping the business running is
always the Priority
Business Goals identify
project's objective
There are usually particular steps
outlined in order to reach specific
goals and deadlines. Some common
business objectives include increasing
revenue, reducing costs, boosting
productivity and/or efficiency, building
out the brand, and increasing return
on investment.
Business language
Business stakeholders always speak a “business language,” not a “project language”
Business Stages
View projects as business!
See where the business lines are
drawn and why:
1. It solidifies the intent to produce
a result, the key objective of any
business.
2. It also increases the access to
best practices that contribute to
excellence in business
organizations!
2. Business management Vs Project management
The key differences between Project and Business management
McKinsey 7s Model
Business Process Management Life Cycle
Business Management &
Project Management Relationship
Business Management
Business Process management
is ongoing, with a constant focus
on optimizing efficiency and
consistency.
Project Management
Project management is time-
bound, and optimization primarily
occurs once the project is
complete.
Project Business Life Cycle
Project
Business Business
Need
Scope
Process
Results
Business
Benefits
Change
OPM to link PM & BM
The OPM framework supports balance and
coordination between project and business
management in support of
organizational strategy.
3. BMO Vs PMO
The key differences between Project and Business Management Offices
“Focus on a few key objectives … I only have three
things to do. I have to choose the right people,
allocate the right number of dollars, and transmit
ideas from one division to another with the speed of
light. So, I’m really in the business of being the
gatekeeper and the transmitter of ideas.”
— Jack Welch
Don’t forget business and
project risks!
Business risks are typically more
general as compared to project risks.
Also, they would have an impact on
nearly all aspects of the business.
Project risks are different from
business risks in the sense that they
refer to an uncertain condition/event
that may affect one or more project
objectives.
BMO manage PMOs
Business needs & Benefits
BMO support executive management in establishing the content of strategic initiatives
and associated business objectives of PMOs to be functionally exist and flourish.
BMO manage PMOs
PMOs
BMO BMO will support PMOs to possess skills
related to governance, risk and
compliance, benefits management, scope
management, resource management and
financial management.
BMO will guide PMOs Staff strategic and
business management skills (Part of PMI
Talent Triangle™). It consists of knowledge
and expertise and the subsequent ability to
align in a way that enhances performance
and better delivers business outcomes.
Create and manage the
scorecard
Organization and
Resource alignment
Review, develop and
communicate strategy
Manage Business
initiatives
Integrate business
priorities with other
support functions
Business knowledge
management
Benefits of BMO
B1 B2 B3
B4 B5 B6
Firms with sales
of $500 million to
$5 billion and
1,000 to 10,000
employees.
BMO Staff
10 People
Business Processes
Management
Customer Centeric
Culture
Planning and Budgeting
BuisnessBest Practice
Sahring
BPM Expert
CCC Expert
Financial Expert
BBP Expert
BMO Manager
BMO Analyze & Support BMO Audit & Compliance
1. Analyze the business, where direction,
priorities, and resourcesare generally
determined, and the finaldecisions made.
2. Support executive management in
establishing the content of strategic
initiativesand associated business
objectivesof PMOs to be functionally
exist and flourish.
1. Assureslimited funds and resources
are effectively applied during execution to
support business objectives and related
strategicinitiatives, therebygiving them,
the best opportunity to succeed.
2. Ensuresexecutive management can
direct the distribution of the enterprise's
limited funds and resources.
Prof Akram Hassan
SME@PMI
akramkram@yahoo.com
+201014356420

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BMO Integration with PMO

  • 1. Prof Akram Hassan SME@PMI BMO Integration with PMO
  • 2. “ Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.” —Carlos Slim
  • 3. Prof. Akram Hassan PhD, MBA, PMP, PMI-RMP, SME @ 12 PMI Standards
  • 4. Thanks for interest in BMO position • Support the BMO Lead in all aspects of financial reporting, data analysis and controls. • Help to define the strategiesof the BMO office and its support of all aspects of the Global portfolio • Provide strategic direction to direct staff and serve as point of escalation for issues
  • 5. Business management Office BMO purpose: providing strategic guidance to all Marketing, supporting cross processes, establishing and keeping standards aiming the resource usage optimization and compliance, and collaborating for decision- making process.
  • 6. Business Manager A modern business manager must be proficient in managing finance, business resources, accounts, human resource, purchasing, marketing, stock control, office organization and control, computerization, communications and much more.
  • 7. 19th century Business Office Business establish for performing economic activities: businesses exist to produce a profit. While project business is the part of a business that relates to projects.
  • 8. 1.Business Vs Projects The key differences between Projects and Business-As-Usual (BAU)
  • 9. Business world The Purpose of project to serve as an investment of funds aimed at maximizing the returnof wealth to the stockholders https://www.pmi.org/learning/library/business-managers-owners-excellence-models-6034
  • 10. …a Project! 3. Projects have specific plans are generally bespoke and created to meet the deliverablesof the project. BAU follow internal process that maintain the business. 4. The project will be funded from the capital budget. BAU would be funded from operational budget. Changemakers vs. Change Identifiers Capitalizing vs. Not Capitalizing Costs BAU Not … 1. Project introduces a one off, change or new product but BAU would seek to reproduce the same item. 2. Projects are temporary delivered over a finite period to meet a specific goal BAU would be the day to day repeat activities for an existing product and service. Time-Bound vs. Ongoing Cross-Functional vs. Functional
  • 11. BAU & Project Conflicts It has an implication for project teams who might see: 1. Their funding cut, 2. Key resources pulled back to BAU roles 3. Timelines delayed because keeping the day-to-day operations of the organization. Keeping the business running is always the Priority
  • 12. Business Goals identify project's objective There are usually particular steps outlined in order to reach specific goals and deadlines. Some common business objectives include increasing revenue, reducing costs, boosting productivity and/or efficiency, building out the brand, and increasing return on investment.
  • 13. Business language Business stakeholders always speak a “business language,” not a “project language”
  • 15. View projects as business! See where the business lines are drawn and why: 1. It solidifies the intent to produce a result, the key objective of any business. 2. It also increases the access to best practices that contribute to excellence in business organizations!
  • 16. 2. Business management Vs Project management The key differences between Project and Business management
  • 19. Business Management & Project Management Relationship Business Management Business Process management is ongoing, with a constant focus on optimizing efficiency and consistency. Project Management Project management is time- bound, and optimization primarily occurs once the project is complete.
  • 20. Project Business Life Cycle Project Business Business Need Scope Process Results Business Benefits Change
  • 21. OPM to link PM & BM The OPM framework supports balance and coordination between project and business management in support of organizational strategy.
  • 22. 3. BMO Vs PMO The key differences between Project and Business Management Offices
  • 23. “Focus on a few key objectives … I only have three things to do. I have to choose the right people, allocate the right number of dollars, and transmit ideas from one division to another with the speed of light. So, I’m really in the business of being the gatekeeper and the transmitter of ideas.” — Jack Welch
  • 24. Don’t forget business and project risks! Business risks are typically more general as compared to project risks. Also, they would have an impact on nearly all aspects of the business. Project risks are different from business risks in the sense that they refer to an uncertain condition/event that may affect one or more project objectives.
  • 25. BMO manage PMOs Business needs & Benefits BMO support executive management in establishing the content of strategic initiatives and associated business objectives of PMOs to be functionally exist and flourish.
  • 26. BMO manage PMOs PMOs BMO BMO will support PMOs to possess skills related to governance, risk and compliance, benefits management, scope management, resource management and financial management. BMO will guide PMOs Staff strategic and business management skills (Part of PMI Talent Triangle™). It consists of knowledge and expertise and the subsequent ability to align in a way that enhances performance and better delivers business outcomes.
  • 27. Create and manage the scorecard Organization and Resource alignment Review, develop and communicate strategy Manage Business initiatives Integrate business priorities with other support functions Business knowledge management Benefits of BMO B1 B2 B3 B4 B5 B6
  • 28. Firms with sales of $500 million to $5 billion and 1,000 to 10,000 employees. BMO Staff 10 People
  • 29. Business Processes Management Customer Centeric Culture Planning and Budgeting BuisnessBest Practice Sahring BPM Expert CCC Expert Financial Expert BBP Expert BMO Manager
  • 30. BMO Analyze & Support BMO Audit & Compliance 1. Analyze the business, where direction, priorities, and resourcesare generally determined, and the finaldecisions made. 2. Support executive management in establishing the content of strategic initiativesand associated business objectivesof PMOs to be functionally exist and flourish. 1. Assureslimited funds and resources are effectively applied during execution to support business objectives and related strategicinitiatives, therebygiving them, the best opportunity to succeed. 2. Ensuresexecutive management can direct the distribution of the enterprise's limited funds and resources.