PMO – Page 2 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

How to Implement Six Sigma in Project Management

Failure in project management is often due to weakness in business process implementation and decision making, as opposed to the efforts and executions themselves. Six Sigma is an effective business management principle that can help enhance process outputs by correcting flaws that hamper progress. Let's take a look at how the five important steps in Six Sigma can be implemented in project management. The five six sigma principles that we are looking at today are ...

Thinking Portfolio2017-07-04T11:24:39+03:0022.3.2016|

6 Things a Project Sponsor Should Do For a Project Manager

Project managers and sponsors work hand in hand on projects. Project managers do not get to choose the sponsor that they want to work with. Typically, a sponsor is already in place, before a project is assigned to a manager. If your sponsor does not understand the roles that he/she need to fulfill, then you should be be bringing up the same with them, else you may be held responsible in case the project falls ...

Thinking Portfolio2017-07-04T11:26:38+03:0023.2.2016|

The Best 6 Project Management Secrets You Need to Know

While there have been many and many books written on the subject of project management, there is no sure-fire procedure or equation to get it right. Of course, that also explains why there are so many books on it. Well, we'll cut to the chase and lay out six project management principles that you can use. Research A project manager should have a fair understanding of the industry or niche of the project, so they ...

Thinking Portfolio2017-07-04T11:40:00+03:0015.12.2015|

What Can A Project Manager Learn From the Six Blind Men

Project management, like a lot of other things, is best explained through an example, and in this case a fable. One story that we can think of which rings true with project management principles and practices is The Blind Men and the Elephant by David Schmaltz. In the story, six blind men are asked to describe an elephant. Each one comes up with a different description; one man feels its tail and calls it a ...

Thinking Portfolio2017-07-04T11:40:18+03:0010.12.2015|

Strategic portfolio management and causality in business environment

In this instance the portfolio management causality means the relationship between two events which affect the portfolio. This is a situation where one event causes another. Typically, from portfolio management perspective, this could mean a significant change in the customer demand or in the interest level. A well-defined portfolio can find an effect for this during portfolio analysis. External indicators for the portfolio are a challenge A company's external factors and their indicators are often ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:40:52+03:003.12.2015|

Six Blind Men and Project Portfolio Management

What can be done to avoid making project management a beastly task for everyone in the organization? How does a project actually become a success story? We can get the answers to all these questions in David Schmaltz’s tale “The Blind Men and the Elephant”, which is a guide to understanding and managing project work. In the story, six blind men try to formulate a description of an elephant to meet the others’ satisfaction. And ...

Thinking Portfolio2017-07-04T11:42:24+03:0019.11.2015|

Six Blind Men and the Project Management

Today, we will see what we can learn from the fable The Blind men and the Elephant by John Godfrey to see how it can be applied in the context of project management. If you do not know the story here's how it goes. Six blind men up to an elephant to “see” it and describe how it looks. Each of the six men perceive the elephant differently, as a snake, wall, spear, tree, fan ...

Thinking Portfolio2017-07-04T11:45:52+03:002.11.2015|

Idea Screening for Project Portfolio Management

Ideation is an essential process to help your organization progress. Known as the act of developing new concepts and ideas, any employee in your organization can submit their products to the company. You can receive input from partners, customers, marketing executives, sales professionals, as well as IT experts and catalogue these ideas into a single database. What makes ideation a profitable step is the screening and approval process that can help your business perform more ...

Thinking Portfolio2017-07-11T10:25:02+03:0024.9.2015|

The Service Catalog for Project Management Office

Project Management Office (PMO) is intended to optimize the most valued and costly asset to any enterprise, its people. PMOs are used for technology oriented projects conducted in a well-managed, consistent and disciplined approach that advocates top quality products completed within an assigned budget and in a timely fashion. Tasks appointed are accomplished with the assistance of certified project managers along with a team of trained staff who work with project management methodologies and make ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-11T10:27:35+03:0018.9.2015|

Things a Project Manager Can Learn from an Artist

You would think that artists and project managers are at the two ends of the spectrum and do not have much in common, let alone picking up interesting tricks and tips from each other. It's understandable if you think that way as the basic premise of operation of project managers and artists are very different, which may have prompted the notion. While project managers are all about driving results, artists are about the work that ...

Thinking Portfolio2017-07-11T10:45:46+03:008.9.2015|

Project Management Office Work Rotation

Project management deals with a wide range of activities. When looked at closely, these activities can be set down as: planning, organizing, directing, staffing, controlling, monitoring, innovating, and budgeting. When we talk about work rotation in project management, it comes under the activity of staffing; which refers to selecting the right people for the job. When a company signs an engagement and works on the project details, it might require the expertise of multiple employees ...

Thinking Portfolio2017-07-11T10:31:15+03:0031.8.2015|

Top 6 Ideas of the Virtual Project Management Office

Establishing sound Virtual PMO practices becomes indispensable in the current day corporate scenario as businesses both small and big have employees from different locations collaborate on one or more projects. Here are some ideas the project managers can use to handle their virtual team better for higher productivity and efficiency. Slow down and evaluate: The first step for a virtual project manager is to set expectations and processes for smooth work flow in all the ...

Thinking Portfolio2017-07-11T10:43:59+03:0018.8.2015|

The Hidden Value of Project Management Office

The efficiency of project portfolio management increases manifold when there is a dedicated project management office to oversee it. Most businesses know that for a fact. What many do not know are the hidden benefits of having a PMO in the organization. Here are 5 things that a dedicated project management office can offer to a business. PMO does more than management If you think that the project management office's role is all about policing ...

Thinking Portfolio2017-07-11T10:44:30+03:007.8.2015|

Six Ways to Re-engineer Your Project Management Office

The beginning of a project management office is driven by the desire to standardize as well as improve the success rate of IT projects and businesses, which continue to expand in size and complexity. Another project management office driver is the requirement to relieve the project managers of administrative duties that are associated with the successful management of projects. Functions of project office could either be staffed or virtual. A number of forward-thinking companies are ...

Thinking Portfolio2017-07-11T10:42:24+03:0030.7.2015|

What can Board of Directors benefit from Project Management Office (PMO)?

Project Management office is the workhorse that many IT firms are focusing on to cut costs, boost IT efficiency and ensure that projects are delivered on time and within a set budget. PMO trend has instilled a sense of discipline in the workings of the IT department. PMO provides the necessary structure to standardize project management policies and aid IT project management by determining work plans for processes that are repeated. Project expense has become ...

Thinking Portfolio2017-07-11T10:42:44+03:0030.7.2015|