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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.
There are many ethical lines that can be crossed in project management. The bigger the project, the more opportunities arise for people or companies to compromise their ethics in an effort to bring the project in on time and on budget. However, when project managers and other stakeholders turn a blind eye to questionable activities,...
Leadership determines productivity and morale. The wrong style can set a company into a tailspin of dissent that could have serious consequences for your staff retention rate. If your leadership style doesn’t match the company culture or situation, chances are you won’t be successful at managing your people. The majority of management styles in modern...
When it comes to the execution phase of your project there are several ways of succeeding in terms of developing and completing deliverables. The third phase of the project life cycle is one of the most crucial of the project phases, since it’s the phase where you will construct your deliverables and present them to...
With the growing use of technology in all facets of modern life, it’s no surprise that a huge range of project management tools have been developed which assist PMs in just about every aspect of their day-to-day work. The importance of project management tools is apparent for any project manager seeking to ensure project success....
Effective project budget tracking is essential to ensure that project costs do not spiral out of control — and potentially threaten project success. This informative and easy-to-read article explores the basics of project budget tracking, including best practices and a 7-phase methodology. One of the most difficult tasks in project management is cost tracking and...
Have you ever heard a project manager refer to “formal” project management and wondered what exactly makes it formal? While different organizations might have their own definition of the term, formal project management is the area of interest to professional project managers, and is the preferred style of management for most enterprise projects. Here’s a...
Of all the things a project manager needs to manage—timelines, budgets, change orders and so on—the most important of all may be stakeholders’ expectations. After all, completion of any project depends on stakeholders doing what they’re expected to do, and the final determination of whether a project is a success or failure is made by...
Of all the documents that get created, reviewed and shared over the life of a project—project plans, timelines, budgets, status reports and issue logs, just to name a few—the project scope statement may be the one that has the greatest influence over the project as a whole. The scope statement describes the goals, deadlines and...
Risk management is one of the core project knowledge areas, an essential and ongoing process which can be described as the methodical process of identification, analysis and response to project risks involving several major phases which are similar to all projects. Regardless of the methodology or approach, risk management processes generally include risk identification, analysis,...
As a means of judging a project’s progress and how well the initial project plan is being adhered to, Schedule Variance is one of the most useful and common metrics used. It can give quick insight into how well the project has performed so far and whether it is ahead of schedule or behind it....
