Project Portfolio Management is at the heart of the success of any organization. Any business that has its PPM in places and corresponding execution tasks to back it, has got the success recipe right for the most part. Then again, it isn't as easy as it sounds, as many businesses cant seem to quite master PPM. Here's a look at some PPM mistakes that businesses can avoid to get there. Emulating best PPM practices without ...
There are certain traits that set certain project management offices apart from the rest, having them garner success stories with projects. Here are some of traits that make for a great PMO. Coherent project and organizational objectives While each project has its own set of benefits to an enterprise, a good PMO will ensure that the goals of the project and the enterprise are on the same page. As and when the corporate environment changes, ...
The Project Management Office is slowly making its way to mainstream project management. Although a number of companies are opening up their PMOs, not all have been able to truly reach their full potential. Companies that have actually benefited from project management offices are those which had the PMO and the project manager working in sync. PMOs can add significant value to the work that project managers do, but only when the processes are followed ...
Project management offices are finding their way into government organizations too, mainly due to the benefits that businesses and organizations are reaping because of them. Integrating PMOs into government offices could have been a much difficult task, if not for the increasingly skeptical customers and austerity measures that have made completion of projects under the budget a rule, rather than the exception.The sad part is that PMOs are underutilized in these sectors, which is also ...
Raisio plc is a Finnish company established in 1939, whose shares are listed on NASDAQ OMX Helsinki Ltd. The company has over 35,000 shareholders. It employs some 1,900 people and operates in 9 countries. Group's net sales in 2013 were EUR 557.6 million and EBIT was EUR 39.3 million. Raisio is known for its innovations, of which cholesterol-lowering Benecol is one good example and Benemilk, with its ability to increase milk yield and improve contents ...
Finland's Slot Machine Association RAY collects funds through slot machine and casino operations for the benefit of Finnish welfare. RAY offers entertaining and exciting games in a responsible manner. The profits from games are channelled into social and healthcare organisations' activities and benefiting Finnish war veterans. The association also aims to secure funding for several important future projects. Project managers join forces to produce a quality project portfolio Henrik Niinimäki RAY has been ...
The Pirkanmaa Hospital District is a municipal federation of 23 municipalities. Its mission is to provide health care services that promote health and functional capacity and to promote scientific research and training to support this goal. The data and technology administration of the Pirkanmaa Hospital District provides data administration services for information systems, as well as telecommunications services, such as telephone, workstation and data transfer services. The administration also provides medical technology services, information services, ...
Project portfolio management is easier than it looks. Businesses often face a number of challenges when it comes to managing their project portfolio effectively. If you want to keep your project portfolio under control it is important that you identify the difficulties of challenges that you are facing with your project portfolio. Sometimes, there could be too many issues that project managers end up confused about what the real problem is. Here are a few ...
Businesses can benefit significantly by setting a project management office within their organization. While it has been proven again and again that a PMO can add value to the project manager as well as the overall productivity of the organization, a lot of businesses are yet to set up a PMO. The year 2015 will see more and more PMOs being set up by organizations. If you have decided to set up a PMO for ...
Project Portfolio Management is at the heart of the success of any organization. Any business that has its PPM in places and corresponding execution tasks to back it, has got the success recipe right for the most part. Then again, it isn't as easy as it sounds, as many businesses cant seem to quite master PPM. Here's a look at some PPM mistakes that businesses can avoid to get there. Emulating best PPM practices without ...
It is important for an organization to manage and categorize their project portfolio while handling several projects. Categorization helps in the alignment of projects with the goals of the organization. PPM or Project Portfolio Management is actually a management process. The purpose is to help the organization gain information using several methods so that projects can be analyzed and sorted according to certain criteria. Some benefits of Project Portfolio Management The organization is able to ...
The project management office staff faces security theft issues from the time a project is accepted till the time it is delivered and as it passes through various stages of development. Projects in every industry be it software, manufacturing, research and even construction can suffer if security breaches are recognized and information is stolen by rivals. Depending upon the criticality of project, the team members have to be careful about varied security issues ranging from ...
Project Management Offices (PMOs) are underutilized in the public sector, but can have significant impact on the efficiency of these government agencies. As the public demands more for its tax dollars, and governments put in place austerity measures, public sector organizations have had to tighten up. With a good PMO, an agency is able to deliver more, with greater efficiency. Close alignment to organizational goals Unless a PMO is aligned to the agency’s overall strategy ...
Running a successful Project Management Office (PMO) may seem simple enough. After all, with a good system and an experienced team, what more could one need? But bad project management can boil down to things that seem right on the surface, but could have extremely negative repercussions in the long-run. Not knowing who is right for the job Having the right people on point positions is key. Poor resourcing decisions can snowball into project delays ...
Managing projects is a second nature to many managers, in spite of not having a proper structure to do it. Every day is hectic with new initiatives, new software being built, tested and launched constantly. All these are projects ultimately depend upon their managers for success. The leaders who have a proper and structured project management office have an undeniable edge and advantage over the others. Listed below are the ways in which you can ...