PMP Learning Point

Project Manager vs PMO

Project Manager vs. PMO
	Project Manager	PMO
Overall goal:	Achieve the project requirements	Achieve goals from an enterprise-wide perspective
Objective:	Deliver project objectives	Deliver organizational objectives
Resources:	Manage project resources	Optimize shared resources
Reporting:	Project reporting	Consolidated reporting

PMO Responsible

The PMO is responsible for the following:

Managing the objectives of a collective set of projects
Managing resources across the projects
Managing the interdependencies of all the projects within the PMO's authority
Maintaining and archiving project documentation for future reference
Measuring project performance of active projects and suggesting corrective actions
Evaluating completed projects for their adherence to the project plan
Suggesting corrective actions pertaining to projects and programs as needed

Define Project Management - Project Management Office

The project management office (PMO) is a centralized organizational unit that oversees the management of projects and programs throughout the organization

Define Project Management - Portfolios

· Portfolios are collections of programs and projects that support a specific business goal or objective.

· Portfolio management encompasses managing the collection of programs, projects, other work, and sometimes other portfolios.

· Portfolios concerns monitoring active projects for adherence to objectives, balancing the portfolio among the other investments of the organization, and assuring the efficient use of resources

Define Project Management - Programs

· Programs are groups of related projects and each subproject within a program has its own project manager, who reports to the program manager.

· All the projects are related and are managed together so that collective benefits are realized and controls are implemented and managed in a coordinated fashion.

· The management of this collection of projects—determining their interdependencies, managing their constraints, and resolving issues among them—is called program management.

Define Project Management - Project Management

· Project management provides the tools and techniques necessary for the successful initiation, planning, and execution of a project.

· Project management may involve more than a single project.

· A project may be part of a program, a portfolio, and/or a project management office.

· Project Management involves identifying the project requirements, establishing project objectives, balancing constraints, and taking the needs and expectations of the key stakeholders into consideration.

Foundation of a Project – Define Project Management

Project Management
Programs
Portfolios
Project Management Office

Thursday, August 18, 2011