Project Management Office or PMO

The project management office is a software program that is utilized by businesses to set the standards on which their business practices will be set against. The main two sets of industry standards that are used for a business set of principals are PRIVNCE2 and PMBOK. A set that has grown in acceptance in recent years is the ISO9000 system. This system is now a requirement for anyone in the world wanting to do business in Europe.

The reason the use of a project management office came into being was the dismal success rate of projects in most industries. The rate was below 10% success when compared to target budget, time and cost for large corporations. The medium size and small business had a better rate of success being 16% and 28%, respectively.

What a project management office program brings to your business is its ability to help organize the different processes to help streamline them to become more efficient. But like all tools, if the proper implementation of this tool is not done correctly, the true benefits will not be seen.

Setting up a project management office correctly will require you to place your PMO team in the appropriate place. There must also be sufficient infrastructure within the company to support this type of program. This will help you to put in place first the right standards of your company’s core business practices for the greatest benefit.

It is not an easy task to set up and implement a project management office program. But with most that do, over 50% find the ending results very beneficial to helping the business. In the short term, costs can be lowered and more efficient use of time by employees will be noticed. In the long run, a business’ credibility will be enhanced since the standards that their business practices are following are recognized on an industry level.

Not all business is incorporating the project management office programs as part of their business. This is not due to its effectiveness, but a lack of infrastructure. Without a firm foundation, the best tools’ fullest potential cannot be reached. Not every business has this necessary infrastructure yet.

Comments

Post a Comment

Popular posts from this blog

Lean Methodology

The use of lean methodology has grown in the manufacturing sector since it was first implemented after World War II. As time has progressed, this methodology has been refined with the end result of creating more, faster and with less. The type of companies that can best utilize the lean methodology approach is manufacturing, because of the principles involved with it. This is to create a product with as little invested as possible in the deliverable. For a company wishing to use the lean methodology , they must first analyze their process in depth. Once the analysis has been completed in every process, the process of eliminating waste can begin on the process as a whole. Each part of the process has to contribute to the end product. The cutting of waste from each and every step in the production of a deliverable is the core essence of the lean methodology approach. This can be in the material that is added or the number of workers necessary to complete the task. The overall reductio
Read more

Communications Register

Under what situations should I create a Communications Register for my project ? For small, medium and large projects you should always implement a Communications Register. This register will identify all of the communications events that have taken place for the project and also the communications events that are due to take place in the future. The reason for listing the communications events that are due to take place is that it provides a single place where the project manager can use and control communications to stake holders. For example the register will enable the project manager to view the status of all of the communications to date and determine whether or not the stake holders to the project are being kept in the loop and informed.
Read more

Branding Your Project

Branding is a more sophisticated form of marketing communication. The purpose of branding a project is to associate an emotion or a feeling with your project. This is exactly what marketing people try to do when they brand a product. For instance, The Coca-Cola Company hopes that you feel good about its products and that you will choose its products from a crowded store shelf because you like the image and emotion associated with it. Maybe it works. The purpose of branding a project is to associate a positive image and emotion with your work. This is not something most projects need to be concerned about. However, ask yourself some questions regarding the impact your project will have on the organization. Does it impact a large number of people or maybe the entire company? Will it require a culture change or a change in the way people do their job? Will your project make people nervous or afraid? For instance, will it result in efficiencies so that less people are required to do
Read more