Project Management Implementation & Development
Project Management Office (PMO) Development and Optimization
Tough times drive home the value of project management, but organizations shouldn’t wait for another recession to make the investment. Regardless of your organization’s industry, structure or value offering there are initiatives and projects that if completed will result in significant organization improvement.
The Power of the PMO
A strong project management office (PMO) can reinforce the value that project management brings: organizations with a PMO saw 65 percent of their projects meet their original business goals and intent, according to the PMI 2012 Pulse of the Profession report.
Here are four ways project professionals say PMOs can boost performance:
1. PMOs free executives to think strategically. Instead of being bogged down in project details, executives can focus on strategic alignment, operational excellence and organizational performance.
PMO’s free executives to think strategically. Instead of being bogged down in project details, executives can focus on strategic alignment, operational excellence and organizational performance. Before the company had a PMO, executives didn’t know who was accountable for what, there was no consistency in project delivery and no tracking of progress. The PMO helped settle all of that noise, so they could focus on the business, says Marsha Fenton, accident Fund holdings, Lansing, Michigan, USA
2. PMOs increase strategic flexibility. Effective PMO’s create the capacity to select the projects that are strategically and operationally critical for the organizations current and future desired performance and outcomes.
An effective PMO creates the capacity to select the projects best suited to each moment. Through tracking and oversight of projects, the PMO ensures that resources are used most effectively, and that the project decisions made in the past continue to make sense. In a recovery period, a mature PMO can help prioritize projects that bring the greatest results. says Jose Eduardo Motta Garcia, PMP, Ltaú Unibanco, São Paulo, Brazil.
3. PMOs drive business growth through customer satisfaction. Effective PMO’s significantly increase the chance that projects will be delivered on time and on budget satisfying customer expectations.
An effective PMO increases the chance that projects will be delivered on time and on budget, which provides tangible value to customers. When we deliver what we promise, we get more business., says Alex Nepomnyashchiy, Luxoft, Seattle, Washington, USA
4. PMOs improve decision-making. Organizations can better evaluate the benefits and risks of individual projects in the context of the entire portfolio.
When PMO leaders are part of the project selection and evaluation process, they give new insight into how individual decisions can impact other initiatives, says daniel zweidler, daniel zweidler and associates, Neuchâtel, Switzerland.
We will work with your organization to put together an effective PMO organization that works for you based on your strategies and culture.
Project Management Assessment - Helps identify growth opportunities to improve the execution of your strategy.
Project Management Training - we work with you to assess your needs and either provide training or help you develop training to meet the identified needs in the area of Project / Program Management. Trainings we have currently available are:
Project/Program Management Outsourcing - we send a PMP qualified Project/Program Managers to support and run your projects / programs or be on site to work with your team to become more effective project/program managers.
Improve & Accelerate Performance - we also leverage Lean and 6 Sigma tools where needed. Many of our consultants are Black Belts in these programs.
Improve & Accelerate Performance
We also leverage Lean and 6 Sigma tools where needed. Many of our consultants are Black Belts in these programs.
Performance Programs (training plus additional services)
- Coaching / Mentoring (off-site / on-site support for program implementers /leadership)
- Create the internal structure to support and adopt the practices and integrate the solutions
- Consulting Services (on-site, side-by-side implementation of methodologies)
At New Oaks Consulting Group, we believe that skill development through training is an important component in building the competencies of the individuals and thereby the organization. It is a foundational building block to reformulate how people work and think. How and when specific training is executed can greatly impact your return on an investment and provide the appropriate competency layers within your organization at the right time when both opportunities and support are present.
We believe our training is different in many ways.
First, we follow the learning model where training is a highly participative, collaborative and hands-on experience. Concepts are taught with application preferably to actual participant workplace projects.
Secondly, our instructors and consultants are highly experienced individuals with deep experience across several industries who can utilize other relevant examples to illustrate the methodology and therefore help the participants “Understand the Methodology”.
Thirdly, we stress the importance of critical thought and knowledge of a wide variety of tools and why each is important. Although everyone loves a methodology checklist, we believe that process improvement professionals must possess the ability to apply the right methodology quickly and efficiently - requiring a deeper understanding of what tools answer what questions.
Lastly, we firmly believe in the power of support and follow-up. Therefore we provide on-going availability of both coaching/mentoring and consulting programs for those individuals and organizations that want to ensure that they receive the highest returns. We can provide additional services through both programs that further integrate and embed the methodologies and practices through infrastructure development and leadership training.