The PMO has been functioning in the organization for eight years. It facilitates project selection and initiation, and provides coaching and reporting for large, complex projects during execution. The PMO enforces stage gate reviews for major projects due to limited resources. It manages project metrics during initiation, execution, and closure, and reports them at closure. The same measurement metrics are used for projects, programs, and portfolios. The PMO conducts post-implementation audits to evaluate achievement of schedule, scope, budget, stakeholder satisfaction and business objectives for projects.
The PMO has been functioning in the organization for eight years. It facilitates project selection and initiation, and provides coaching and reporting for large, complex projects during execution. The PMO enforces stage gate reviews for major projects due to limited resources. It manages project metrics during initiation, execution, and closure, and reports them at closure. The same measurement metrics are used for projects, programs, and portfolios. The PMO conducts post-implementation audits to evaluate achievement of schedule, scope, budget, stakeholder satisfaction and business objectives for projects.
The PMO has been functioning in the organization for eight years. It facilitates project selection and initiation, and provides coaching and reporting for large, complex projects during execution. The PMO enforces stage gate reviews for major projects due to limited resources. It manages project metrics during initiation, execution, and closure, and reports them at closure. The same measurement metrics are used for projects, programs, and portfolios. The PMO conducts post-implementation audits to evaluate achievement of schedule, scope, budget, stakeholder satisfaction and business objectives for projects.
The PMO has been functioning in the organization for eight years. It facilitates project selection and initiation, and provides coaching and reporting for large, complex projects during execution. The PMO enforces stage gate reviews for major projects due to limited resources. It manages project metrics during initiation, execution, and closure, and reports them at closure. The same measurement metrics are used for projects, programs, and portfolios. The PMO conducts post-implementation audits to evaluate achievement of schedule, scope, budget, stakeholder satisfaction and business objectives for projects.
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Set of Functions Performing
• Number of Years as functioning organization
• The PMO has been functioning in organization for eight years. • PMO Project Execution Roles • The PMO facilitates the selection, prioritization, and initiation of projects during execution. • PMO Execution Management of Projects • Once Projects are underway, PMO involvement is often limited to coaching and reporting on only the largest, most complex projects • Stage Gate Review Management • PMO enforces policy on stage gate reviews but only for big and complex projects due to limited resources. • Execution Performance Metrics Management • PMO manages project metrics during initiation, execution, and closure phases by selecting appropriate metrics, capturing them during and after execution, and reporting them at project closure. How did PMO Add and Relate Value to The Company • Defining and Measuring Project Success • PMO manages project metrics during initiation, execution, and closure phases by selecting appropriate metrics, capturing them during and after execution, and reporting them at project closure.
• Defining and measuring Program Success
• PMO defines program success similar to project success, with greater emphasis on managing related projects under the same program and evaluating program benefits holistically.
• Defining and measuring Portfolio Success
• Portfolio success is based on the success of the projects and programs that make up the portfolio.
• PMO support of Operational Type Projects
•Operational projects with minimum spending of $500,000 are managed like capital projects, even if they are routine. For example, the annual rebuild of a furnace in a mining company needs to run smoothly due to major cost expenditure and potential production downtime. Project Progress Measurement Metrics • Four project health indicators are tracked during project execution to provide leading indicators of project success that are: • Schedule • Assessment of whether or not the project will complete on schedule based on the current forecast. • Budget • Assessment of whether or not the project spending will be within the approved amount based on the current forecast. • Risk • Project Manager assessment of the adequacy of risk mitigation strategies. • Key Performance Indicators • Project Manager assessment of whether or not a majority of Key Performance Indicators (KPIs) for the project will be achieved. • Program Progress Measurement Metrics The same measurement metrics are used for projects are also used for project-programs.
• Portfolio Progress Measurement Metrics
The same measurement metrics are used for projects are also used for project-portfolio. Project Requirement/Goals Achievement Key Performance Indicators • PMO now conducts post implementation audits on all projects to evaluate: Schedule, Scope, Budget, Stakeholder satisfaction and Business objectives are achieved. • Net Present Value (NPV) is tracked against target NPV. • Management lacked visibility into the strategic investment portfolio • Management holds Project Managers and team members accountable for project performance by using metrics from post-project audits. These metrics are included in the Doe Run Global Performance Management System for evaluating employee performance and variable pay calculations. • Program Requirement/Goals Achievement Key Performance Indicators The same KPIs used for evaluating the success of an individual project are used for programs, but program benefits are evaluated holistically instead of individual projects to prevent overlapping benefits. • Portfolio Requirement/Goals Achievement Key Performance Indicators Doe Run does not use metrics or additional KPIs to evaluate the overall success of Project-portfolio.
1 .Define Project Cycle, Project Management, and Scope of Project. List The Various Project Management Knowledge Areas? What Are The Reasons For Failure of A Project