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Tag: Project Portfolio Management Office

Why You Need To Use Project Portfolio Management Software Right Now ?

Software tools and metrics play a big role in improving a project. They also make tasks easier and enable users to save budget and schedule, all the while delivering the product or service within the deadline. They are crucial attachments to a company’s success. Speaking of software, there are thousands of them cropping up in the market, catering to various needs of an organization. Some software falls into one spectrum and they focus on organizations that have similar needs or issues. This applies to project portfolio management software. A project portfolio alone has hundreds of thousands of tools devoted to...

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How To Build An Effective Project Portfolio Management ?

Even an organization that thrives on successful projects, they sometimes encounter a dead-end. And often the cause of that is the lack of practice or standard or if there is one, they tend to be inconsistent. The foundation of a successful organization lies on how they embed a certain culture and practice in their system. Every company must know that constantly changing the existing processes and methods put more harm than good on their projects. One of the best practices that have seen better days is the project portfolio management. There is a misconception that project portfolio, in general,...

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How To Build An Efficient Portfolio Management Office ?

As far as portfolio management processes go, portfolio management office is embedded in an organization in order to support a certain strategic objectives towards a successful result. Portfolio management office also serves as an additional support in terms of business goals and benefits from projects or programs. However, getting lost in the true purpose of portfolio management office can break the purpose you are expecting. Furthermore, it will hardly affect the organization’s infrastructure.     Portfolio management office may be simple on the surface, but it’s not an excuse to dismiss its specific existence and goals—on how it will be proven...

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Encountering PMO Failures and How to Combat Them

Accomplishing tasks are one of the important goals of a project that are usually time-sensitive and otherwise somehow complicated. Large organizations have their own Project Management Office (PMO) that covers this area; organizing the best practices and methodologies of doing tasks and achieving them. These PMO practices and processes are sold to CIO for executive support in order to ensure that such practices are amended. This arrangement is wrong altogether. Why so? Well, PMO teams don’ have that much experience or even skills to run a project, of ever they just throw commands on the project team’s end on what...

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How to Establish a PMO In Five Ways?

As the business industry evolves, organizations are looking for ways to keep up with the changes, creating new projects and establishing solutions and innovation to secure their foundation among existing organizations.     New project mean managing more people, tools, resources, and implementing more successful processes. It’s sometimes hard for organizations to keep up with these, hence the need for establishing a PMO, a standard structure to help projects have a constant process and operation to help them achieve their objectives or the stakeholders’ requests. Why is there a need for establishing a PMO? Identifying its different benefits will...

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