Project Portfolio Management
Project Portfolio Management
Unlike Project Management which is about “Doing things right”, Project Portfolio management which is about “Doing the right things”. Doing the right things dictate a systematic management of projects, programs, and portfolios in alignment with organizational strategic goals. The concept of organizational project management is based on the idea that there is a correlation between an organization’s capabilities in project management, program management, and portfolio management, and the organization’s effectiveness in implementing strategy.
OPMC Project Portfolio Management solutions help your organization in the following areas:
- Project and Program Management
- Portfolio Management
- Organizational Maturity Improvement
- Project and Program Audit
- PMO Setup and Improvement
Project and Program Management
As your project and program delivery partner on business transformation programs of every shape and size, we help shape your organizational Project Management roadmap to drive the required results. Working alongside your key staff, within your team, across your organization, we help you to develop the project and program management methodology, processes and procedures which suit your organization.
Our project management approach is guided by the principles of the international best practices which are embedded in our methods and toolkits and more importantly with our real-life in the trenches experience in large scale and complex project and programs.
Our consultants’ many years of experience with a successful track record ensure our client’s organization specifics are considered appropriately and effectively. Confidence of delivery is increased because we understand your organization’s requirements and work closely with your team.
OPMC Project and Portfolio Management solution helps your programs in the following five areas:
- Program Strategy Alignment
- Program Stakeholder Engagement
- Program Governance Management
- Program Benefits Management
- Program Life Cycle Management
Portfolio Management is the centralized management of processes, methods, and technologies used by portfolio managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects and program based on numerous key characteristics. The objectives of Portfolio Management are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals while honouring constraints imposed by customers, strategic objectives, or external real-world factors.
Our portfolio management approach is guided by a systematic decision making process and by Analytic Hierarchy Process (AHP) model.
Organizations can find Portfolio Management relevant if they have multiple projects & programs and resources that require a formalized framework for tracking, allocating, and managing them effectively.
OPMC Portfolio Management solution helps your organization in the following five areas
- Portfolio Strategic Management
- Portfolio Governance Management
- Portfolio Performance Management
- Portfolio Communication Management
- Portfolio Risk Management
Organizational Maturity Improvement
When your organization embraces organizational project management (OPM), you’re embracing a critical driver for business success.
Project Management Institute
Instead of executing projects randomly, you’re improving your processes and tying projects to your business strategy and needs. You’re making sure that your company focuses on projects and programs that support your organization’s goals. And when you do, you get better performance, better results, and a sustainable competitive advantage in the marketplace.
Organizational Maturity Assessment helps organizations understand the areas of improvement in their critical business domains.
Organizational Maturity Improvement draws a roadmap for organizations to improve their business practices and reach their full potential.
Project and Program Audit
The term “project audit” can be interpreted in different ways. Key is understanding the concerns of management in performing the audit. Are they most concerned about Cost, Schedule, Compliance or performance?
Is it a project management audit or project deliverables audit? Does management want assurance regarding the cost or the expected completion date? And what industry is the project in: construction, oil & gas, or information technology? Or is the project for improving business processes or new product development?
We offer project audit services as well as customized training in project audit best practices.
PMO Setup and Improvement
Organizations must consistently demonstrate significant value from their projects as well as consistently manage their projects, programs and portfolios– a challenge that has led many organizations to set up project, program and portfolio management offices (PMOs) to boost efficiency, optimize resources and improve project and program delivery.
The State of the PMO 2010 survey of PMO leaders and other project professionals found that 84 percent of organizations currently have a PMO. Organizations with a PMO report significantly more projects coming in on time, on budget and meeting intended goals and business intent compared to those without a PMO, according to PMI’s 2011 Pulse of the Profession Survey.
There are many challenges that have been facing the successful setup and operation of hundreds of PMOs around the world, facing these challenges and working on them before starting the PMO setup process is a crucial factor for a successful PMO.
In OPMC we understand that PMO is not one thing, it’s very different from one organization to another and we can help you setup and improve your unique PMO.
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