This document discusses five challenges faced by different organizations and how they were resolved utilizing OPM3 and PMO tools. The challenges include managing a large number of interdependent projects, growing a family business rapidly, establishing a PMO in an organization with diverse projects, focusing too much on percentage completion reporting, and creating a flexible yet consistent methodology for an international software company. The resolutions involved creating detailed master plans, standardizing processes, tailoring the methodology to different project profiles, reporting on results rather than percentages, and adapting a well-known methodology while allowing flexibility. The document emphasizes that the methodology helps achieve results but is not the end goal, and one should learn when it is appropriate to break from the methodology.
ASSIGNMENT Jan-2019
MS-52 Project Management
Note : Attempt all the questions and submit this assignment on or before 30th April, 2019 to the Coordinator of your study center.
1. Describe the important phases of a project life cycle. What are the outlines of opportunity studies in project management? How do these impact project feasibility studies?
2. “Doubled Project Report (DPR) forms the foundation on which the entire superstructure of the project is built – if it is weak, project cannot weather the turbulent times ahead.” Bring out the do‟s and don‟ts of a good DPR.
3. What should be the decision criteria for selecting a suitable method for demand forecasting? Discuss the various methods of economic analysis of project from societal viewpoint.
4. “Meticulous Management of activities on the critical path is crucial to completing projects on time.” How can we „beat‟ the critical path and improve our on-time performance?
5. Explain the importance of „project review‟ in the context of control of a project. How are cybernetics concepts applied to project management?
We could possibly all think about projects which have “failed” – probably process got worse instead of better, perhaps they were terminated due to cost overruns, or maybe techniques were released with essential mistakes.
ASSIGNMENT Jan-2019
MS-52 Project Management
Note : Attempt all the questions and submit this assignment on or before 30th April, 2019 to the Coordinator of your study center.
1. Describe the important phases of a project life cycle. What are the outlines of opportunity studies in project management? How do these impact project feasibility studies?
2. “Doubled Project Report (DPR) forms the foundation on which the entire superstructure of the project is built – if it is weak, project cannot weather the turbulent times ahead.” Bring out the do‟s and don‟ts of a good DPR.
3. What should be the decision criteria for selecting a suitable method for demand forecasting? Discuss the various methods of economic analysis of project from societal viewpoint.
4. “Meticulous Management of activities on the critical path is crucial to completing projects on time.” How can we „beat‟ the critical path and improve our on-time performance?
5. Explain the importance of „project review‟ in the context of control of a project. How are cybernetics concepts applied to project management?
We could possibly all think about projects which have “failed” – probably process got worse instead of better, perhaps they were terminated due to cost overruns, or maybe techniques were released with essential mistakes.
Managing stakeholder relationships: The key to successful product featuresAndy Mura
WATCH THE REPLAY OF THE WEBINAR HERE: https://www.userlane.com/webinars/managing-stakeholder-relationships-the-key-to-successful-product-features
As a product owner, not only are you required to know the ins and outs of your own product but you are also expected to strategically manage internal and external factors that can influence your product vision.
This is why flawless cross departmental collaboration among stakeholders is paramount to develop successful product features and to productively manage your tasks as a product manager.
Expert Product Manager Megan Bubley shows how you can:
Properly manage stakeholders and deliver winning features
Utilize organizational relationship management to support your product roadmap
Prioritize feature requests based on business objectives
Fine-tune critical communications across various departments
Align on metrics and develop realistic timelines
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Managing stakeholder relationships: The key to successful product featuresAndy Mura
WATCH THE REPLAY OF THE WEBINAR HERE: https://www.userlane.com/webinars/managing-stakeholder-relationships-the-key-to-successful-product-features
As a product owner, not only are you required to know the ins and outs of your own product but you are also expected to strategically manage internal and external factors that can influence your product vision.
This is why flawless cross departmental collaboration among stakeholders is paramount to develop successful product features and to productively manage your tasks as a product manager.
Expert Product Manager Megan Bubley shows how you can:
Properly manage stakeholders and deliver winning features
Utilize organizational relationship management to support your product roadmap
Prioritize feature requests based on business objectives
Fine-tune critical communications across various departments
Align on metrics and develop realistic timelines
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
Hello everyone! Test your PMP exam preparation and answer this Free PMP® Exam Sample Question of the week. For more of this free PMP exam sample question visit: https://free.pm-exam-simulator.com/free-pmp-exam-simulator
This slide deck is compiled from different studies and learning from organizations like PMI, KPMG and Harvard Business review.
It will go through project budget, scope, schedule and also continuous improvement, learning and changes.
Good for finding also tools and methodologies to make successful, continuous improvement to your management and especially leadership.
Olga Grom: Building a Dedicated Team for NASDAQ Listed US CompanyLviv Startup Club
Olga Grom: Building a Dedicated Team for NASDAQ Listed US Company
Website - https://pmday.org/online#agenda
Fb Page - https://www.facebook.com/pmdayconference
PMDay Videos - https://www.youtube.com/user/StartupLviv
Building pmo from start w. culture and knowledge gapFinn Olsen Tram
Agenda
* A guided tour of starting a PMO covering countries and cultures in an organization with little Project Management knowledge
In this presentation there should be takeaways on
* How to start your PMO
* Requirements for internal marketing and branding
* Running projects in a Virtual environment
* How to keep your sponsors motivated and strong
* And what not to do….
Implementing relevant skills, knowledge, and tools to achieve a project's goal is project management. The five main phases of project management are initiating, planning, executing, monitoring performance, and concluding the project. Project management is becoming more and more in demand as the number of industries, and national and multinational projects increases.
Aspirants who want to become leaders can learn project management skills like setting objectives and following through on them. These courses are known worldwide, and there are job opportunities in many different industries and fields.
Project management can be studied in a number of different ways. They include a Bachelor of Science in Business Administration with Programme and Project Management (BSc) and a Bachelor of Management Studies (BMS). Master's degrees in management are available after basic bachelor's degrees like the BMS.
Eligibility Criteria (UG & PG) of Project Management
For BBA and BMS admissions at the undergraduate level, colleges set specific eligibility requirements that applicants must meet before applying to the course. Qualification models set can be different for various schools.
• A minimum of 10+2 years of education from a recognized board is required of applicants.
• For the 12th grade, the minimum score should be between 50 and 60 percent.
• must be between 17 and 25 years old.
The following are typically the eligibility requirements for PG levels:
• Candidates must have completed 10+2 years of education from a recognized board, with at least 50% of those years spent in the 12th board.
• A Bachelor's degree in any field, including architecture, engineering, technology, or planning is required.
• A diploma in the same fields may also be held by the applicant.
• A Master's degree in the same field from a reputable college is required for a Ph.D. in management.
Scope of Project Management in India and Abroad
The need for project management is growing as a result of the rapidly expanding industries in almost all areas and sectors. Construction, engineering, marketing, pharmaceutical companies, information technology, and other industries all have a growing need for project managers.
Project management has a huge reach and scope. Project managers will have more work opportunities as a result of the increasing number of expanding businesses investing in projects both inside and outside the country. As a result, there will be an increasing demand for individuals capable of managing these projects.
Course Subjects
For BBA in Project Management
The subject taught mainly in the course BBA, divided over 6 semesters,
The core subjects are Business Organization, Business Mathematics, Fundamentals of Accounting, Marketing Management, and Business Communication.
Does your Project Management Office need a boost? Check out this functional approach to improving the PMO's results. No need for expensive maturity models, our approach enables you to make smart investments in the highest priority areas. Contact Line of Sight for more information - info@line-of-sight.com
LoCC Measurable Improvement in Your Development ProcessJoseph Horwedel
Presentation to the League of California Cities Planning Commissioners Institute on Measurable Improvement in Your Development Process in 2009 at Anaheim, CA. The presentation looked at common methods to assess your process, review measurement tools and look at pitfalls based on the experiences in San Jose from outside consultant reviews and on going process improvement efforts.
This presentation dives into our recent survey, Blind Sweat & Tears: A Study Into Client Project Management Practices Across the Professional Services Sector, where you'll hear the key findings and learnings of the white paper, including special additional insights that will prove valuable for anyone who manages client projects. It also focuses on the latest insights into project management practices across the professional services sector and the potential risks associated with poorly managed projects. To watch the webinar visit: https://www.affinitylive.com/resources/blog/how-professionals-manage-client-projects-watch-the-webinar-video/
M&A Communication Essentials for Acquiring CompaniesThomas H Kessler
This webinar, led by GPMIP Partner, Thomas Kessler, outlines the basics for M&A communications training for companies looking to train their teams ahead of a pending acquisition.
DISCUSSION POINTS:
1. UNDERSTANDING PROJECT BASICS
2. IMPORTANCE OF PROJECT MANAGEMENT
3. PROJECT MANAGEMENT KNOWLEDGE AREAS
4. PROJECT CONSTRAINTS
5. MAJOR CHALLENGES AND THE WAY FORWARD
Free Webinar on "Major Project Management Challenges and the Way Forward"
https://www.facebook.com/events/1240889433429450
3. Examine five different challenges in five
businesses,
Assess the options those organizations had,
and what option pursued,
Critique the outcome, and Share the
conclusion
4. The Challenge:
◦ 83 interrelated, interdependent projects,
◦ Aggressive deadline, with short market window,
◦ Functional staff “Managing Projects” with limited or
no PM experience,
◦ Zero tolerance for mistakes, delays, or problems.
The Options:
◦ Provide proper training for functional staff
◦ Hire Project Management Staff
◦ Create detailed, idiot-proof methodology
◦ Manage the Projects by the PMO
5. The Resolution:
◦ Create a Master Plan of Milestone plans.
◦ Focus on managing interdependencies
◦ Provide early warning signs
◦ Create a culture of urgency
◦ PMO does all paper work, PMs focus on work.
7. The Challenge:
◦ Family business in its second generation,
◦ Business grew organically from 18 to over 300 in
less than 6 months,
◦ Huge amount of waste, unjustified costs, and
suspected embezzlement,
◦ Centralized decision-making, senior management
is a bottle-neck,
◦ No streamlined operations, and projects running in
“Fire-Fighting” Mode.
8. The Resolution:
◦ Standardization is the first step of Improvement,
◦ Start with the vision and strategic objectives, and
work your way from there,
◦ Focus on the right things that impact the bottom
line,
11. The Challenge:
◦ Newly established PMO office, with less than 2
years of Project Management Culture,
◦ Diversified projects in scope, size, nature,
importance, and needs,
◦ Departmental PMO (within IT Department) servicing
the entire organization.
The Options:
◦ Make the methodology extensive to suite the
diversity of projects,
◦ Create flavors of the methodology
12. Profile Project
Manager
Level
Scope
Details
Reporting &
Communication
…
Profile A
Large Project
Dedicated
Project
Manager
Very detailed
scope
statement
Detailed,
electronic, weekly.
Profile B
Medium
Project
Project
Manager
Scope
statement
High level, monthly
or twice a month.
Profile C
Small Project
Project
Coordinator
SOW Simple, weekly
Profile D
Fast Track
Sr. Project
Manager
SOW Daily.
14. The Challenge:
◦ Focusing on % complete as a reporting tool,
◦ Senior Management insisting on knowing the
details,
◦ Minister under huge public pressure for delivering,
◦ Not seeing the value in having a PMO.
The Resolution:
◦ Focusing on Bottom Line (what did the result of my
project achieve)
◦ Eliminating % complete from reporting.
16. The Challenge:
◦ Local Company competing at international level,
◦ Creating detailed, yet flexible methodology that
maintains the consistency, but allows for
suppleness,
The Options:
◦ Go Agile!
◦ Adapt a well-known methodology (i.e. Oracle,
Rational…) and customize it
19. Focus on what’s important, and don’t get
derailed by the temptation of being everything,
to everyone, at all times,
Learn the Methodology, then choose when to
break it
Reporting should help you see early warning
signs, and what needs to be done to achieve
results instead of highlighting the achievements.
Methodology help institutionalize, increase
predictability, and enhance business results.
20. To receive detailed case studies and copy of
presentation, send a blank email to
symposium@intrinsic-management.com
Follow @OPM3 and @IntrinsicTips on Twitter
for daily tips on enhancing Organizational
Maturity in OPM
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