| Topic : The Multi-Project Challenge |
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Activity:
Question posted: 05 02 2009 07:42:37 +0000,
3 answers, 465 views, last activity
07 06 2010 20:18:08 +0000
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Research indicates that project management becomes increasingly difficult when there are multiple overlapping projects. How PMO helps to enhance the success rate of multi project?
Hi Dipen
Kindly find the high level points of what is expected out of PMO in a organization. Based on my expericence in setting up the PMO in couple of companaies, have put across the points. This may be different for each organization or there can be somethings more. It is purely based on the objectives, authorithy and dedicated resources bench strength.
1. Maximizing ROI for each project.
2.Improved project control through enhanced governance
-- Strategic alignment with the overall enterprise goals
-- Value delivery – what value will the project provide to the organization
-- Resource management – particularly in a multi-project environment
-- Risk management – the protection of assets
-- Performance management – assigning accountability and tracking of project deliverables
3. Information Repository
4. Project Rescues
5. Project Management Mentoring
6. Project Prioritization Management
7. Resource Management/Portability
8. Operations Planning and Forecasting
9. Project Information Management
10. Project Management Processes and Methodology
11. Training in Program/Project Management
12. Project Accounting and Financial Analysis
13. Project Document Library/Knowledge Management
14. PMI/PMP or Company Specific PM Certification
15. Project Assessments
Generally, PROJECT OFFICE should supply scalable services built on what organization needs. In other words Project Office might start very small grow or scale up as the need within Organization increases.
Following are the various services PROJECT OFFICE Performs based on Organization needs.
Administrative Support
Training
Templates
Progress Tracking
Information Distribution
Procuring Resources
Maintaining Databases
Archiving Project Records
Conducting Lessons Learned Sessions/De Briefings
Establish, Enforce and Improve Standards
Manage Resources
Supply Information
PMO MODEL IS WORTH AT THE ENTERPRISE LEVEL ie, EPMO IF FOLLOWING PRIMARY FUNCTIONS ARE CARRIED OUT BY PMO
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Drive Project Cycle times down
Facilitate choosing right Project mix
Develop and Maintain an executive cockpit through key portfolios
Track and Report Progress
Mentoring
Tools
Help desk
Methodology
Corrective Action
Governance B oard
Prioritization of Projects
Help Projects in Trouble
Project Management Training
Marketing and Communication
Archives
PMO is a centralized unit within an organization or department that oversees and improves the management of projects.
PMO has following features which help in enhancing the success rate:-
* Visibility and alignment of resources across multiple projects
* Maximize the return on investment (ROI) for each project
* Improved project control through enhanced governance
* Issues of Command & Control
* Providing structure to standardize practices and methodologies
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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