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The PMO is under constant pressure. From maintaining standards for project management practices to planning and delivering projects – the PMO needs to be in constant sync with strategy and business outcomes. This PMO blog category provides numerous recommendations from experts to encourage top down and bottom up planning, improve processes, promote stakeholder satisfaction, and ultimately eliminate silos to advance the PMO function. Get expert advice on the pros and cons of adopting a continuous planning model. Experts will also share real-world advice on choosing your next Project Portfolio Management tool and how to #BeThatPMO your business needs.
Make Project Delays and Operating in Crisis Mode a Thing of the Past with These 10 Tips for Better Project Estimates In the recent Resource Management and Capacity Planning Benchmark Study, survey respondents overwhelmingly cited “poor estimation ability” as a leading cause of their project delays; continued crisis mode operation; resources being shifted around haphazardly;...
A Definitive Guide to the State of Long-Range Planning in 2013 Industry experts, practitioners, and Finance leaders have articulated their takeaways from the research in a variety of ways. This compilation of the best-of-the-best indicates an interest from both executives and practitioners as well as represents a practical and philosophical take on the comprehensive research....
When I was approached to write an article for Financial Executive magazine on the results of the 2013 Long-Range Planning Benchmark Study (conducted by FERF and Ventana Research), I was able to spend time with the data and think about the implications it presented to Finance and the annual budgeting process. As I began writing...
In today’s increasingly competitive market place, executive and delivery leadership within professional services firms are taking the time to step back and review their vision and refine their strategies. As the professional services market continues to show signs of growth, often these strategies relate to these business edicts: Create clear competitive advantage Seek continuous improvement...
More organizations than ever are embracing the PMO; however, the PMO’s inability to prove business value, meet stakeholder expectations, and obtain organizational acceptance is limiting its life expectancy to only three years. Why are so many PMOs failing? What can you do to ensure your PMO doesn’t share the same fate? Learn more about the state...
If you’re a Game of Thrones fan, you’ll appreciate the analogy of how PMOs can feel like they are constantly trying to protect their kingdoms when it comes to expanding the scope of portfolio management into the organization. Check out the 4 Dragons (trends) for portfolio management that will help you fire up and defend...
It seems almost a universal truth that resource allocation exercises use prioritization at some point in the process. Nearly every company we’ve spoken to or heard from over the past decade-and-a-half, in Pharma or other industries, relies on it. Project prioritization has several things going for it: Mathematical simplicity: It’s very hard to quibble with...
For all project-based services organizations, having good visibility and control over resources is important if they are to operate effectively and maximize the revenue they can drive from their people. The recent Professional Services View of the Resource Management and Capacity Planning Benchmark Study highlights that this is an area where many of these organizations...
There’s a nice blog post by statistician Jeff Leek on how more and more non-statisticians are finding themselves in roles that involve data analysis and visualization. Data are becoming more and more available, and less and less expensive to collect, and the tools for analyzing that data, from Excel to SAS to Spotfire, are becoming...
The starting point for most conversations about a candidate drug’s sales potential is a chart of drug sales by segment and time—month/quarter/year, depending on the planning horizon. Digging deeper, you are ‘treated’ to a huge table, or perhaps a bunch of bar charts, tallying the number of afflicted people, those afflicted who have insurance, those...
