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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.
Among the most important – and indeed, also the most challenging – aspects of project and program management is developing, executing and optimizing a resource management plan. What is a Resource Management Plan? A resource management plan is typically composed of multiple documents, and addresses the following core objectives: Centralizing and streamlining demand intake. Optimizing...
When a good idea surfaces within an industry, it’s only a matter of time before people outside the industry take notice and start looking for ways to apply the idea in their own work. The concept of project management itself is a perfect example—while it was once confined to a few fields such as engineering...
On the business landscape, perhaps no other concept has undergone as much change and evolution in recent years as project management. Indeed, with so many organizations – from small firms to large enterprises – running multiple projects these days, the question “what is project management?” might be better phrased as “what isn’t project management?” Still,...
If you are frustrated with trying to clearly understand the differences between project management vs. program management, then be assured you are not alone. There are a couple of reasons for this ongoing confusion. The first is that many professionals work on both projects and programs – if not necessarily simultaneously, then concurrently (e.g. after...
'Hindsight is 20/20' isn't just a common phrase – it’s a poignant description of the year we’ve been through. Use the opportunity of this year’s hindsight to leverage inflection points that will help your business become a strategic powerhouse.
As a project manager, it’s impossible to underestimate the importance of cost estimation when it comes to successfully completing a project. Before even approaching a project, it’s important to get a handle on cost estimation to help keep you on task and in touch with project constraints and limitations. Why Cost Estimation in Project Management...
Sprints are the cornerstone of the Scrum project management methodology. Sprints are the units of time in which teams determine and prioritize certain tasks from the product backlog, assign ownership to them and define the timeframe for their completion. After the sprint is completed, the next step is the Scrum sprint review, which gives the...
It’s rare for a company to focus on a single objective, serve a single client or undertake only one project at a time. After all, this would hardly be conducive to building clientele, expanding operations and diversifying for continued growth, stability and profit. That said, seeing even a single project through to completion can be...
As a professional service business, profit is the bottom line. With high profit margins, you can grow your business and serve new customer demands as you please. Without profit, you’re in a constant fight to stay afloat. However, you also can’t afford to have tunnel vision. Alongside profit, you must maintain high service quality, innovation,...
If we take a closer look at successful enterprises and the way they operate, it becomes clear that their growth and establishment in the market is never a result of mere chance, rather it is the final outcome of various forces working together successfully. These invisible forces that operate in the background of each enterprise...
