A Project Management Office, abbreviated to PMO, is a group or department ... base project management principles on industry-standard methodologies. Daniel outlines best practices for a larger project team.
هذه المحاضرة تتحدث عن مكتب إدارة المشاريع الرشيق
The Agile PMO
قمت في هذه المحاضرة بتعريف الإدارة الرشيقة للمشاريع او ال
Agile
وعرفت أيضا مكتب إدارة المشاريع
PMO
ومن ثم شرحت معني مكتب إدارة المشاريع الرشيق
Agile PMO.
بعد ذلك شرحت الأسباب التي أدت لقيام مكتب إدارة المشاريع الرشيق
Agile PMO
والفوائد الناتجة من تطبيقه في المؤسسات.
ومن ثم تطرقت للطرق الأربعة التي يمكن أن يلجأ إليها مكتب إدارة المشاريع الرشيق
Agile PMO
وذلك لجلب الرشاقة او ال
Agility
للمؤسسة التي يعمل فيها ال
PMO.
This presentation explains a simple 5 step process for establishing a process for measuring standardisation of PMO processes across a number of projects.
It also includes how you can download a copy of the PMO Standardisation Tracking Template.
This presentation presents a simple and direct model for Agile Portfolio Management based on four key concepts:
1. The type of work you're doing.
2. The portfolio governance model.
3. The project governance model (the shape of the project).
4. The size / number of Agile teams.
The deck presents simple, scalable, effective approaches to Agile Portfolio Management that are lighter than most Agile methods and are supported by Conteneo's Collaboration Frameworks. This deck also directly supports Conteneo's Strategy-Glue-Tactics framework for effective Agile Product Management.
In this file, you can ref top materials for project engineer position such as project engineer key duties/responsibilities, project engineer qualifications, sales forms, sales job search materials…
A Project Management Office, abbreviated to PMO, is a group or department ... base project management principles on industry-standard methodologies. Daniel outlines best practices for a larger project team.
هذه المحاضرة تتحدث عن مكتب إدارة المشاريع الرشيق
The Agile PMO
قمت في هذه المحاضرة بتعريف الإدارة الرشيقة للمشاريع او ال
Agile
وعرفت أيضا مكتب إدارة المشاريع
PMO
ومن ثم شرحت معني مكتب إدارة المشاريع الرشيق
Agile PMO.
بعد ذلك شرحت الأسباب التي أدت لقيام مكتب إدارة المشاريع الرشيق
Agile PMO
والفوائد الناتجة من تطبيقه في المؤسسات.
ومن ثم تطرقت للطرق الأربعة التي يمكن أن يلجأ إليها مكتب إدارة المشاريع الرشيق
Agile PMO
وذلك لجلب الرشاقة او ال
Agility
للمؤسسة التي يعمل فيها ال
PMO.
This presentation explains a simple 5 step process for establishing a process for measuring standardisation of PMO processes across a number of projects.
It also includes how you can download a copy of the PMO Standardisation Tracking Template.
This presentation presents a simple and direct model for Agile Portfolio Management based on four key concepts:
1. The type of work you're doing.
2. The portfolio governance model.
3. The project governance model (the shape of the project).
4. The size / number of Agile teams.
The deck presents simple, scalable, effective approaches to Agile Portfolio Management that are lighter than most Agile methods and are supported by Conteneo's Collaboration Frameworks. This deck also directly supports Conteneo's Strategy-Glue-Tactics framework for effective Agile Product Management.
In this file, you can ref top materials for project engineer position such as project engineer key duties/responsibilities, project engineer qualifications, sales forms, sales job search materials…
The Agile PMO: From Process Police to Adaptive Governance: This webcast provides techniques for an Agile PMO and discusses how those concepts are being applied in the industry. Presented by LitheSpeed.
Delivered to clients in U.A.E and Africa within the past month at their request. Clients had already put in place a project methodology but now wanted support in maximising the benefits.
What the heck is a product owner?
What's this Product Owner role, what do teams expect of Product Owners, what do Execs expect, what defines success, and where do Product Owners fit within product management?
Presenter: Ron Lichty
Ron Lichty has been managing software development and product organizations for 30 years at companies of all sizes, the most recent 15 years as a VP Engineering and VP Product. He is the author of Managing the Unmanageable: Rules, Tools, and Insights for Managing Software People and Teams, http://www.ManagingTheUnmanageable.net. He advises and coaches business, product and engineering leaders how to make their software development "hum". http://www.ronlichty.com
A Project Management Office, abbreviated to PMO, is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects.
PMO Handbook - How to Plan, Build, and Run a PMOAnthony Natoli
The purpose of this presentation is to provide a prescriptive guide on how to plan, build, and run a PMO from scratch or from an existing PMO that requires a reboot.
This presentation about project management tools... From this presentation you will know about different project management tool's features,benefit,good side and bad side .Hope this project will help you to select a good project management tools.
Thank You..
PRP - 21st Century Program/Project ManagementCgmcdaniel
Simple scheduling no longer makes the grade. 21st Century Progra/Project Managers Need Cutting Edge Tools. Project Resource Planning platforms are the first fully integrated automated tool set for managing projects in the 21st Century.
The Agile PMO: From Process Police to Adaptive Governance: This webcast provides techniques for an Agile PMO and discusses how those concepts are being applied in the industry. Presented by LitheSpeed.
Delivered to clients in U.A.E and Africa within the past month at their request. Clients had already put in place a project methodology but now wanted support in maximising the benefits.
What the heck is a product owner?
What's this Product Owner role, what do teams expect of Product Owners, what do Execs expect, what defines success, and where do Product Owners fit within product management?
Presenter: Ron Lichty
Ron Lichty has been managing software development and product organizations for 30 years at companies of all sizes, the most recent 15 years as a VP Engineering and VP Product. He is the author of Managing the Unmanageable: Rules, Tools, and Insights for Managing Software People and Teams, http://www.ManagingTheUnmanageable.net. He advises and coaches business, product and engineering leaders how to make their software development "hum". http://www.ronlichty.com
A Project Management Office, abbreviated to PMO, is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects.
PMO Handbook - How to Plan, Build, and Run a PMOAnthony Natoli
The purpose of this presentation is to provide a prescriptive guide on how to plan, build, and run a PMO from scratch or from an existing PMO that requires a reboot.
This presentation about project management tools... From this presentation you will know about different project management tool's features,benefit,good side and bad side .Hope this project will help you to select a good project management tools.
Thank You..
PRP - 21st Century Program/Project ManagementCgmcdaniel
Simple scheduling no longer makes the grade. 21st Century Progra/Project Managers Need Cutting Edge Tools. Project Resource Planning platforms are the first fully integrated automated tool set for managing projects in the 21st Century.
5 activities to manage project dependenciesPM Majik
This presentation provides 5 activities that you need so as to manage project dependencies effectively. This will help keep your project on track and increase the probability of successful delivery.
Catalyst - An Intuit Innovation ExperienceIntuit Inc.
On January 29, Intuit is hosting Catalyst, a small, invitation-only event designed to share the best of what we have learned and are practicing around driving innovation. Seventy-five of our valued business partners and customers will get hands–on training on innovation concepts and techniques that were pioneered by our founder Scott Cook.
http://bit.ly/IntuitCatalyst
8 project management reports you need for your projectPM Majik
This presentation lists the 8 project management reports you need to help you deliver your project.
Each report includes where you can get further information.
Project management methodologies change over time but one element of all projects always remains important - Project Charter. Here I am sharing a template for a medium to large implementation project type of project, for example SAP system implementation.
This course is a detailed course about Primavera Project Management.
The course contains so many details about the software and its relation to the project management science.
the material consists of 7 sessions.
this material is a primer effort and might be updated then uploaded.
I hope it will be beneficial to the persons who cares about project management.
Simple guide that provides a guide to the core templates used by projects and project management offices (PMO's). Includes guide to how the information is consolidated and an example of how the information is communicated using a PMO Handbook.
How to set realistic priorities for it budget planning it-toolkitsIT-Toolkits.org
Once you are aware of your budgeting “realities”, you can begin the process of identifying related priorities, which will shape and refine actual budget results.
Will it be possible to maintain the budget and still provide the necessary services and projects?
If not, what items in the budget can be reduced to compensate?
If budget cuts are in order, how will essential services and projects still be provided?
How will difficult budget decisions be made and communicated?
How will you deal with staff disappointments and end-user complaints?
MGT 3302, Introduction to Project Management 1 Cou.docxpoulterbarbara
MGT 3302, Introduction to Project Management 1
Course Learning Outcomes for Unit VIII
Upon completion of this unit, students should be able to:
1. Describe the components of a basic project schedule.
2. Discuss project management as a series of activities and tasks.
3. Explain how the project triple constraint is used to manage a project.
4. Develop a project plan.
4.1 Prepare a polished version of a simple project plan.
5. Analyze factors impacting control of project costs.
6. Summarize project management techniques.
6.1 Describe project closing techniques.
7. Examine project teams.
Course/Unit
Learning Outcomes
Learning Activity
1 Unit VIII Course Project
2 Unit VIII Course Project
3 Unit VIII Course Project
4.1
Unit Lesson
Chapter 9, pp. 304–317
Unit VIII Course Project
5 Unit VIII Course Project
6.1
Unit Lesson
Chapter 9, pp. 304–317
Unit VIII Course Project
7 Unit VIII Course Project
Required Unit Resources
Chapter 9: Closing the Project, pp. 304–317
Unit Lesson
In this unit, we discuss the activities needed to occur once we terminate a project. The termination could be
because we successfully completed all of the work and handed the deliverables to the customer, or there
could be reasons why we need to terminate the project early.
Project Closing
All planned projects should have an endpoint. Having an absolute end is a part of the definition of what a
project is. Once all of the work activities have been completed and the deliverables have been accepted, then
it is time to close out the project. Many times, the project manager (PM) will not do the closing activities. The
UNIT VIII STUDY GUIDE
Project Closeout
MGT 3302, Introduction to Project Management 2
UNIT x STUDY GUIDE
Title
organization may not require closing activities, or closing activities may not be considered a necessity. In
some cases, the PM is ready to move on to the next project. However, the importance of closing project
activities cannot be understated.
What are some of the activities needed when closing a project?
While the project deliverables should have been delivered and accepted, in some cases, final project reports
have not been created. These final reports may or may not be considered as being a part of the final
deliverables. For example, deliverable reports might include results of testing or quality reports.
Reports that are a part of project closing might include a report of project changes, a communication log, a
risk assessment matrix, or lessons learned. These types of reports would need to be organized and archived
with all of the project information for future reference.
A part of closing activities would include making final payments to vendors and suppliers. Also, any monies
owed to the organization would need to be collected. This is referred to as an accounting closeout. Team
members would need to be recognized and .
How To Develop A Project Management PlanOrangescrum
For project managers, a successful outcome is always preceded by a well-prepared project management plan. A lot of effort is put into planning which helps you prepare a better Project Management Plan.
Action Plan to Convert Educational Grant dependent institutes to Profit Centre. Examples of such an institute is ‘British Council’. This paper takes British Council as an example and creates an action plan around it. It is an example of how to convert an institutes that is mainly depended on Grants to be ‘Self Sufficient’ and then ‘Revenue Generating’ Profit Centre. It can be easily replicated to other such institutes.
4. Proper planning of a software project unless the project is trivia.pdfeyevisioncare1
4. Proper planning of a software project unless the project is trivial in size, is obviously
important for a software project to succeed. What information must be included in software
project planning document? Explain in a paragraph or two (15pt.) 5. Risk management is one of
CMMI KPA (Key Process Area). Explain its concept in a paragraph or two (10pt.)
Solution
Typically many of the project\'s key stakeholders, that is those affected by both the project and
the project\'s end result, do not fully understand the nature of the project plan. Since one of the
most important and difficult aspects of project management is getting commitment and buying,
the first step is to explain the planning process and the project plan to all key stakeholders. It is
essential for them to understand the importance of this set of documents and to be familiar with
its content, since they will be asked to review and approve the documents that pertain to them.
Components of the Project Plan Include:
Baselines. Baselines are sometimes called performance measures, because the performance of
the entire project is measured against them. They are the project\'s three approved starting points
and include the scope, schedule, and cost baselines. These provide the \'stakes in the ground.\'
That is, they are used to determine whether or not the project is on track, during the execution of
the project.
Baseline management plans. These plans include documentation on how variances to the
baselines will be handled throughout the project. Each project baseline will need to be reviewed
and managed. A result of this process may include the need to do additional planning, with the
possibility that the baseline(s) will change. Project management plans document what the project
team will do when variances to the baselines occur, including what process will be followed,
who will be notified, how the changes will be funded, etc.
Other work products from the planning process. These include a risk management plan, a quality
plan, a procurement plan, a staffing plan, and a communications plan.
Step 2: Define roles and responsibilities. Not all key stakeholders will review all documents, so it
is necessary to determine who on the project needs to approve which parts of the plan. Some of
the key players are:
Step 3: Hold a kickoff meeting. The kickoff meeting is an effective way to bring stakeholders
together to discuss the project. It is an effective way to initiate the planning process. It can be
used to start building trust among the team members and ensure that everyone\'s idea are taken
into account. Kickoff meetings also demonstrate commitment from the sponsor for the project.
Here are some of the topics that might be included in a kickoff meeting:
Step 4: Develop a Scope Statement. The Scope Statement is arguably the most important
document in the project plan. It\'s the foundation for the rest of the project. It describes the
project and is used to get common agreement among the sta.
A Complete Guide to Securing a Job in a Project Management Office (PMO)PM Majik
It is not easy to find and secure a new job or role in a Project Management Office (#PMO).
This presentation covers all of the important points from knowing where to look for roles, writing a professional CV or Resume, applying, interview tips and more.
This is a quick guide to the 6 core roles required for Agile Project Management.
The presentation includes an overview of the 5 characteristics needed to make an agile project successful.
A simple guide to answering the question of "PMO Meaning".
This explains what is meant by the term PMO (project management office) and the different variants of PMO.
Topics covered
- What is a PMO
- Determining if it is a PMO
- Types of PMO
- PMO purpose
- PMO meaning
Reference to useful additional resources.
#PMO, #PMOmeaning, #projectmanagement
How to create and use a project RACI matrixPM Majik
Learn what a project RACI matrix is and how it can help you to define clear ownership for project activities.
Includes a section on how to create a project RACI matrix template and a version that you can download.
It is very important for a project to implement a robust project change request process to help manage succesful delivery.
This presentation provides an overview of the 5 core steps of the project change control process.
Ideal for a PMO or project team looking to implement their own change control process.
This presentation provides 5 easy to apply tips for the design of professional PMO and project templates. Practical and pragmatic ideas and concepts that can be applied to all project and PMO templates.
Challenges to getting a role in a project management office (and how they can...PM Majik
Getting a role in a PMO can be a challenge especially if you have limited or no experience. This presentation outlines the key challenges and action that can be taken to over come them.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Set off and carry forward of losses and assessment of individuals.pptx
Overview of a Project Book of Work
1. Overview: Project Book of Work
Author: PM Majik
Copyright 2016. All rights reserved. www.pmmajik.com
2. Contents
1.0 Purpose of this presentation
2.0 What is a project book of work?
3.0 Why use a project book of work?
4.0 Example project book of work template
5.0 Data items
6.0 Summary
7.0 PMO resources and downloads
8.0 The PMO Manual
Copyright 2016. All rights reserved. www.pmmajik.com
3. 1.0 Purpose of this presentation
The purpose of this presentation is to provide an understanding of what is a Project
Book of Work and a description of the important data points.
At the end of the presentation you will find details of further resources including the free
guide, 7 steps to set-up a PMO and The PMO Manual, both resources created by
www.pmmajik.com.
Copyright 2016. All rights reserved. www.pmmajik.com
4. 2.0 What is a project book of work?
• The concept of a Book of Work is very simple. It is a list of all the current and
planned projects for an organisation.
• Each project is captured as a line item with important information including Project
Name, Budget and Benefits.
• In large organisations, it is common for each area to have their own Book of Work
that aligns to the organisation / budget structure. This may even be broken down
further with each function having a regional or country Book of Work.
• Whatever level the information is captured, it should be possible to consolidate the
Book of Works to give each area a view of all of the projects within their area.
Ultimately all the information can be consolidated to give a Book of Work for the
organisation (useful for senior management).
Copyright 2015. All rights reserved. www.pmmajik.com
5. 3.0 Why use a project book of work?
• In most cases the budget demand will exceed the available budget. This means the
organisation will need to prioritise what projects receive funding.
• The BoW allows a consolidated view to be built across all of the demand. The
information can then be used to provide meaningful management information to
make decisions on how the budget is allocated.
• A good example being that an organisation usually needs to fund all Mandatory
projects before considering funding discretionary projects. The BoW can provide the
total demand for all Mandatory projects. If there is any budget available after all
Mandatory projects are funded, this can then be used to fund the discretionary
projects in order of priority.
Copyright 2016. All rights reserved. www.pmmajik.com
6. 4.0 Example project book of work template
Copyright 2016. All rights reserved. www.pmmajik.com
Book of Work Data Items Book of Work Data Items
1. ID 9. Budget Current Year
2. Project Name 10. Benefits Current Year
3. Priority 11. Budget Total Project
4. Business / Function / Department 12. Benefits Total Project
5. Location 13. Budget Risk Factor Applied
6. Investment Type 14. Benefits Risk Factor Applied
7. In-flight 15. Comments
8. Risk Factor
7. 5.0 Data items (1 of 3)
Copyright 2016. All rights reserved. www.pmmajik.com
No: Data Item Description
1 ID This is used to give a user defined identifier to the project. The reason for this is if you are
building a BoW that takes inputs from a number of different areas, you may want to be able to
identify the source. For example, you may want to use OP1, OP2, OP3, etc to identify that the
project is for Operations.
2 Project Name This is the simple, succinct name of the project that will be recognised in the organisation.
While the aim is to keep it brief, it must be descriptive. For example using ABC System
Enhancements may describe what is being done. However, what if another area is using the
same system and plans to make enhancements. It may be better to add the area i.e. ABC System
Operational Enhancements.
3 Priority It is normal for the project budget demand to exceed the available budget. Therefore, each area should
prioritise their project submission. So if the area submits 10 projects, they will be prioritised 1 to 10,
with 1 being the highest priority.
4 Business / Function The field is used to identify the area requesting the project. It should be the same as indicated in the ID. This field
helps when the overall demand is consolidated so as to see what each area is requesting.
5 Location This can be used to identify what location in the organisation is making the request. It could be that a BoW is
developed at a country level and then consolidated to a regional level i.e Hong Kong, Singapore, etc that rolls up to
Asia Pacific. Having this allows the demand by location to be reviewed.
6 Investment Type Very important. This is used to indicate if the project is Mandatory or Discretionary. A Mandatory project will typically
something that the organisation has no choice and must complete i.e. to meet requirements mandated by Governments, Law
Enforcement Agencies, Regulators, etc. Discretionary being where the choice to complete the project is not being mandated.
This can be a grey area. For example, in banking the SWIFT network periodically upgrades their message types. If a financial
organisation wishes to continue to be able to send / receive the messages they need to upgrade their systems. This is not
technically a Mandatory project as the organisation can choose not to upgrade and decide they will no longer use the SWIFT
message. However, realistically the organisation must upgrade as without using the message, they probably will need to stop
parts of their business.
8. 5.0 Data items (2 of 3)
Copyright 2016. All rights reserved. www.pmmajik.com
No: Data Item Description
7 In-flight This is used to indicate that the entry is an active project. This is important as it is typical for
projects to run multiyear whereas budgets are set annually. Knowing this helps inform funding
decisions.
Tip: Just because a project is in flight, do not assume that it automatically should be allocated
funding in subsequent years, especially if it is not Mandatory. When the BoW is prioritised, if
there is not enough budget, and an in-flight project is lower in priority than others not started,
you should evaluate stopping the in-flight project to pass the budget to those with higher
priorities.
8 Risk Factor This is an optional field in order to build a risk based view to the project budget and benefits.
Many projects end up costing more with reduced benefits. Allocating a rating of High, Medium
or Low risk that applies a risk multiple to the budget and benefit value, helps give an indicator of
potential true costs.
For example, you may decide that a High risk factor for Budget is 200%. High risk being that
the project is a new system that has not been implemented at any other organisation and
resources need to be trained in the new programming language. The Risk to delivery is high so
the Risk to budget is high. Therefore, the 200% Budget Risk Factor will provide a view of
potential real costs i.e. $2m against request of $1m.
9 Budget Current Year Used to indicate the amount of budget being requested without Risk Factor applied. This should be the
best estimate available..
10 Benefits Current Year Used to indicate the benefits expected to be delivered in current year. This should be the best estimate available.
9. 5.0 Data items (3 of 3)
Copyright 2016. All rights reserved. www.pmmajik.com
No: Data Item Description
11 Budget Total Project Used to indicate the total multiyear cost for the project. This is important as Year 1 may only be
a request for a low amount. However, there are 4 more years of much greater cost required to
complete the work. This is important information to make an informed decision.
12 Benefits Total Project Used to indicate the total multiyear benefits for the project. This is important as benefits
typically are "back loaded", come near the end of the project. Therefore, having a view on total
benefits helps inform the investment decision.
13 Budget Risk Factor
Applied
This is the calculation of the budget by the defined risk factor (High, Medium, Low). It helps to
understand potential cost if the projects do not go to plan.
14 Benefits Risk Factor
Applied
This is the calculation of the benefits by the defined risk factor (High, Medium, Low). It helps understand how the
benefits could change if projects do not go to plan.
A project with High Risk Factor for Budget and Benefits could result in much higher costs and much lower benefits.
Management may want far more information before making the decision to invest.
15 Comments This allows the submitters to provide any other useful information to support the submission.
10. 6.0 Summary
Project Book of Work
•Consolidated view of project demand
•Allows budget to be allocated based on priority
•Helps align budget to priorities
•Provides management with the MI to make informed decisions
View post:
•Building a project book of work
Copyright 2015. All rights reserved. www.pmmajik.com
11. 7.0 PMO resources
If you want more information, visit www.pmmajik.com where you will find lots of project
and PMO resources including the FREE guide, 7 Steps to Set-Up a PMO.
Visit http://www.pmmajik.com/set-pmo/
PM Majik Website
On the PM Majik website you will find over 150 articles that contain practical and
pragmatic tips and insights for designing, mobilising and managing a PMO. New
articles are added weekly. Topic requests are encouraged from the community.
Copyright 2015. All rights reserved. www.pmmajik.com
12. 8.0 The PMO Manual
The PMO Manual - a step by step guide for a practical PMO for the real world
https://www.pmmajik.com/pmo-manual/
The PMO Manual
Official resource created by www.pmmajik.com. Based on over 25 years experience
of defining and implementing global Project Management Offices.
Copyright 2015. All rights reserved. www.pmmajik.com
• Step by step guide to setting up a PMO
• Easy to understand action lists
• Examples and checklists
• 220+ easy to follow pages
• Saves time – start implementing your PMO
today
• Saves money – no need to spend time or
employ expensive consultants to design a
PMO
• Quickly gain years of valuable knowledge