Project Management Office
Regardless of field of activity or industry, modern company evolution is based on change. Change is a catalyst for launching new strategies and products, it prompts reorganization and increase of efficiency; ultimately, change management is a key factor for the success of these initiatives. Change is the essential characteristic of a project and - within this context - bears a special significance.
A project encounters problems when one or more of the following characteristics are apparent:
- Insufficient planning
- Project or client’s objectives are not clearly defined
- Flawed activity management
- Weak and non-efficient reporting and communicating
- Insufficient documentation
- Major planning and estimation changes with short notice
- Disorganized structure
- Over-complication and unnecessary complexity
Most of these aspects are usually the result of a flawed methodology and work structure, rather than a consequence of the Project Manager’s professional abilities.
Such deficiencies at project level always have a negative impact on the organization as a whole.
The lack of consistent project management and planning methodology that ensures standards in project implementation, result in the following:
- No guarantees that the new project can be implemented
- Unforeseen delays in delivering the projects
- Lack of coordination of resources and activities
- Lack of communication with and between stakeholders, leading to unsatisfactory fulfillment of the client’s needs
- Inadequate planning of resources, activities and timelines
- Mistaken estimates of time and costs, leading to longer implementation time and overrunning the established budget
- Un-finalized projects
...all of which result in loss of income, increase of costs and implicitly higher prices.
A Project Office-type structure creates the functional and methodological environment that allows Project Managers to deliver projects and evolve professionally, while the organization accumulates know-how.
The main components of a Project Office are:
- Project Support (specialized functions: planning, budgeting, estimation, cost control, administration, progress reporting)
- Processes, Standards and Methodologies
- Training (competency monitoring, training program development)
- Consulting and Mentoring (Auditing and Project Assurance functions)
- Project Managers (qualified personnel for delivering projects)
- Software tools (necessary for planning, estimating, risk management, etc.)
Within such a consulting project, PMSolutions implements a Project Office-type structure for its clients, which will serve as:
- A central information library for:
- The Project Management Methodology adopted by the company
- Procedures and standards
- Best Practices & Lessons Learned
- A professional structure for Project Managers, integrated within the functional structure of the client organization that will manage:
- Resource allocation between various company projects
- Resource pool and competency matrix
- Career planning and training plan for members
- A control structure for:
- Project portfolio management and prioritizing, based on level of importance and return on investment
- Unified reporting (according to same standards)
- Direct escalation line to company management
- Project Quality Assurance
Regarding the implementation of such a concept, PMSolutions methodology is based on:
- A structured and phased approach, with clearly defined objectives for each project phase;
- A non-disruptive process (or minimally disruptive) that will not affect normal day-to-day company activities;
- Emphasis on fast ROI, by dealing with pressing issues first, identifying immediate needs and minimal requirements;
- Laying the foundation for a long term strategy in parallel with the initial short term plan; ensuring repetitive success.
The approach used by PMSolutions consultants when implementing a Project Management Office-type structure is a gradual approach, consisting of 4 major phases:
- Phase 1: Current status analysis and laying the foundation for future development
- Phase 2: Implementation of short term initiatives
- Phase 3: Rollout of long term initiatives
- Phase 4: Development and support
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