Project Management Office Set-up
Project Management Office Set-up
Today businesses are focusing on core competencies and outsourcing those functions which are not their core-competence. They are exploiting all type of resources available to the full extent, equipping core functions with talented staff, efficient material, training, automated systems and fine tune processes.
What is PMO?
PMO is the CoE (Centre of Excellence) function in an organization focused primarily on Project Management activities. PMO can be a separate function in an organization or it can be outsourced to experts.
Our PMO Services can define performance measure rating in EIGHT DIMENSIONS.
- Strategy Execution
- Shareholder Satisfaction
- Resource Allocation
- Financial Performance
- Customer Satisfaction
- Strategic Alignment
- Budget/Schedule Performance
- Portfolio Performance
Major Steps involved in PMO Set-up
- Gap analysis
- Training Project Staff
- Coaching & Mentoring
- Setup new Processes, Templates & Standards
- Redefine existing processes, templates & standards
- Help in compliance
- Suitable Tool Identification
- Resource Augmentation
- Setup PMC (Project Monitor & Control) Office
- Benchmarking & base-lining process goals & mapping to business goals
Setting up PMO
- Establish PMO architectural components
- Identify best processes/practices to be institutionalize
- Set goal for each processes identified
- Plan the implementation of practices (Identify IT infrastructure, HR resource requirement, tools required, skills & training required, configuration management, communication required and identify acceptance criteria)
- Training resource for any gap in the desired skills
- Assign resource with responsibility & authority
- Manage the deliverables of PMO
- Audit PMO function’s deliverables against the objective
- Review the Progress with Senior Management
- Collect lessons learned from each practice for the improvement of the practice
21st Century Project Management Office (PMO)
- Visibility (metrics & new business opportunity from the project)
- Cross-Project Dependency Management
- Resource Management (Resource planning, allocation, tracking, budget, schedule across the projects)
- Risk Management (identifying risk & manage risks after applying suitable resources)
- Communication
- Professional Development
- Technical Integration (across platform, application, vendor, outsourcer)
- Program Management Best Practices
- Release Management
- Continuous Improvement
- Governance & Portfolio Management
- Business & Technology Consulting
- Audit projects for compliance to regulatory bodies