Cost forecasting is almost never 100% accurate. If it were, the field of cost control would be significantly less difficult. There are elements however, that do contribute to a quality cost forecast. In this article I offer some high-level details about these elements. Forecasting is the critical focus of cost control. Work package forecast evaluation […]
How to Fix Poor Project Status Reporting
PMOs often take an active part in project status reporting. They consolidate reports from project managers, chase project managers for updates and it can feel like managing reporting it a huge time drain. But are you actually getting anything of value out of your project reports? Are managers are still asking questions you think they […]
Project Controls Expo 2018
Project Controls Expo 2018 is holding their annual conference on 14th November at the Emirates (Arsenal Stadium). This event is very popular with delegates as it caters for all levels from beginners to senior managers and executives. Due to the popularity of Project Controls Expo 2018, the organizers are occupying more of the stadium to […]
How to Build A PMO Maturity Model
How mature is your PMO? And does it matter? We would say that it doesn’t matter where you are, as long as you know where you are. And that’s where a PMO maturity model comes in. What is a PMO Maturity Model? A PMO maturity model is a way of assessing how good your PMO […]
PMO Symposium 2018
The Project Management Institute (PMI) is holding their annual PMO Symposium 2018 at the Marriott Marquis Washington (901 Massachusetts Ave NW, Washington, DC 20001) on 11-14 November. This year’s PMO Symposium 2018 theme is ‘Mastering Value Delivery,’ focusing on two key areas of ‘The Resilient PMO’ and ‘Harnessing Disruptive Forces to Evolve Best Practices to […]
Best Practices Bring Project Success
Project-Based Business Management Model Best practices can bring project success. There isn’t a single term used to describe any thriving business, but you’ve heard them all: global, fast-paced, decentralized. That’s because successful businesses aren’t a single, strategic project; they have multiple initiatives leveraging each other to meet their over-arching business objectives. Not only are there […]
3 Simple Steps to Setting Up a PMO
Setting up a PMO (Project Management Office) for the first time can seem like a daunting step. In this article we’ll show you the 3 simple things you need to do when setting up a PMO up, keeping it running, delivering value, as quickly as possible. 1. Build Trust First, you need to gain the […]
Project Initiation Problems and How To Fix Them
One of the core functions for a PMO is to get involved with new project initiation. In businesses without a PMO, this process is often haphazard. It can feel chaotic, because no one has a clear view of what initiatives the company is working on. And worse, it’s almost impossible to find out because everyone […]
Schedule Validation – Areas You Should Consider
Those performing a schedule validation should consider some common checks to confirm and validate the quality of the schedule. Even contractors working in good faith may submit a schedule that in some way is misleading and/or overly optimistic. Yes, the schedule may be well intended but not true to reality. It is the role of […]
PMI Global Conference 2018
The Project Management Institute is holding their annual PMI Global Conference 2018 from Oct 6-8 at the Los Angeles Convention Center – West Building. This prestigious venue is the largest convention center in the US to receive Gold Recertification for Leadership in Energy and Environmental Design for Existing Buildings (LEED-EB) The PMI Global Conference 2018 is […]