Communication Tips for Your Project

Communication within a project can spell success or failure depending on the way stakeholders interact with each other and share relevant information at the required time. Though all team members working on a project may continue to interact with each other on a daily basis via email, status reports and inter office messaging service, pressure of work schedules sometimes may lead to missing important information. To keep project on track, project managers should have good ...

6 Things that Successful Project Managers do

Project management doesn’t end with handing out responsibilities and organizing meetings. Nor should it mean you are the one fixing the tiniest of issues that crop up. Good project managers know how to enable, empower and manage their teams to efficiently deliver business driven goals. Have a business driven approach A great project manager doesn’t just need good business acumen, he needs to be business focused. Motivated by the strategy of the organization and aligned ...

6 Things that a Public Sector PMO Needs

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 ...

6 Project Portfolio Management Tips for Beginners

Project portfolio management or PPM can be a tricky proposition for beginners. While there are several set methods to go about setting it up, you should follow a few tips and tricks that can bring you better results. The following six tips can help you make the best of your company’s PPM and provide quick, profitable and tangible results. Methodologies in project portfolio management can easily get outdated as they are static in nature. Instead ...

Understand your PMO Total Cost of Ownership

As organizations becoming increasingly reliant on a Project Management Office (PMO), it becomes all the more important to have a clear idea of the Total Cost of Ownership or TCO. Knowing your TCO can help a business plan better. Budgeting decisions, the bottom line and even strategy have a closely linked relationship with the costs associated with a PMO. Keep it simple While communicating the TCO, the PMO must ensure that it is not chock-full ...

Good Project Communication and Social Media

Social media has long ceased to be a domain of private individuals keen on maintaining long distance relationship with friends and family by posting details about their whereabouts and latest happenings in life. In corporate world it has become a handy tool for managers to address team communication problems and broadcast information about changes in policies also interacting with clients. In current global business scenario wherein teams are spread across the globe and are working ...

Roles and Responsibilities of a PMO

A universal set of principles, methods and templates are built by the PMO for the purpose of managing and executing various projects. With the help of standardization, it becomes easier for managers to switch between various projects and fresh project managers can work faster as well. Developing templates for managing projects means that uniform set components can be re-utilized. This ends up saving overall costs, time and effort for the business. Major roles in a ...

2017-07-11T11:50:00+03:001.1.2015|

5 Questions to Help You Maximize the Value of Project Portfolio Management

As a part of a growing organization, you may be faced with handling multiple business projects at a time. To handle them efficiently, you could choose software or rely on personal expertise. Regardless of how you decide to manage your project portfolio, there are certain aspects of management that you should consider. If you have too many projects and limited personnel, time or money, you can manage your project portfolio by asking five important questions. ...

2017-07-11T11:50:19+03:0029.12.2014|

Evaluation of Project Management Office

A project management office is essential for any organization that is handling more than one active projects at the same time. It is required to ensure that the projects and their execution are done with the same guidelines to which, the organization adheres. It is also important to evaluate the project management office from time to time. This helps an enterprise keep up with the standards of the project execution. It also allows to keep ...

2017-07-11T11:51:40+03:004.11.2014|

The Critical Role of a Project Manager

Today project management is fast becoming a necessity for every business organization in all industries. So, the role of a project manager is gaining immense importance and is becoming a chosen career path among several young professionals. Those professionals who have taken up project manager roles usually have skills that can be utilized in all kinds of industries, right from IT to FMCG to other business services. Project Manager skills Every project undertaken by a ...

2017-07-11T11:52:22+03:0022.7.2014|

5 Ways to Improve Your Project Portfolio Management

Effective portfolio management is an important element in the success and growth of business across all industries. In fact, the 2012 Pulse of the Profession study conducted by the Project Management Institute proves just that. The report showed that out of all the projects undertaken by organizations considering themselves as highly effective in managing portfolios, 62% met or exceeded the expected return on investment (ROI). Whether it's for increased customer satisfaction, effective cost reduction, or ...

2017-07-12T13:42:45+03:0027.11.2013|

How to Get Results Fast in an Internal Development Project

Any company, regardless of its niche, has two types of projects that include internal and external development. External development projects are known to cater to customers and clients and are expected to make money, whereas internal projects are known to utilize this revenue to benefit the company. While it may appear that internal projects are not critical or valuable, you should not ignore the potential benefits provided by them. Just like profit-driven external projects, internal ...

2017-07-12T13:44:34+03:0024.11.2013|

Top 5 Skills of a Project Management Officer

Each business has a separate department for project management and while the roles and responsibilities vary, some skills remain a prerequisite. The job profile of the project management officer changes from company to company and mainly depends on the size and nature of the business. It also depends on the stage of project implementation. Regardless of these differences, here are five essential skills that are important for any PMO. Organization Needless to say, the job ...

2017-07-12T13:45:02+03:0011.11.2013|

Thinking Portfolio Advancing Research and Development

Thinking Portfolio has increased transparency in project activities and synergy between various industries. Mikkeli University of Applied Sciences (MAMK) is a place of higher education for lifelong learning. The university operates mainly in Southern Savonia. There are approximately 4,500 students in seven fields of study at the school. MAMK is a strong player in research, development and innovation. Research activities are focused on enhancing regional expertise and competitiveness. New products, services and operating models are ...

2017-07-12T13:48:29+03:0012.8.2013|

The Benefits of Following Up on a Completed Business Project

Despite being an important step in any venture, follow-up on completed business projects are often overlooked. After a project has been completed, follow up is an essential component in the evaluation and monitoring phases. Post-completion, follow up ensures the sustainability of the project, and allows you to monitor and communicate the developments. You can perform follow up by spinning off new projects based on the original, or conduct internal supervision to continually monitor the progress ...

2017-07-12T13:50:13+03:0014.6.2013|