Be it new or existing ones, there are PMO processes that organizations across all industries can use. What are the common denominators? In this article at Ten Six Consultancy, know about the 10 PMO processes that are applicable across all industries.
Applying PMO Processes
PMOs vary in their size, roles, and responsibilities based on the organization and their contribution is undeniable. Following are the 10 PMO processes that are applicable across all industries:
Approval of Projects: One of the initial PMO processes is approving projects. You decide whether the business case carries enough weight to bring profits to the company. The go-ahead depends on the project origination, decision-making team, project information, and future of the approved project.
Resource Allocation: PMOs usually allocate resources, especially when they are part of the team. Skills and schedule are the main contributors to this process. An associate PMO, however, can only oversee the selection criteria as it does not have any allocation authority.
Project Escalation: One of the vital PMO processes is project escalation. For better management, be prepared for all situations and know the right people and tasks.
Risk Management: Risks are bound to occur in projects and teams should chalk out those that can likely affect the business. A PMO team must compile all the expected risks and cross-check with the rest of the organization.
Change Management: One of the most important PMO processes is change management. The team is responsible for guiding and training project teams in dealing with changes. Projects hardly deliver initial requirements as they change over time.
Project Budget: PMOs collect project budgets to report the entire project cost. This allows the team to give better budget visibility to managers and finance teams.
Project Reporting: PMO processes are documented well. This process is to understand report frequency, content, recipients, and report sharing protocols.
Project Prioritization: A PMO team prioritizes from a list of approved projects. However, prioritization changes as per business goals and requirements. The ones on the top are the first ones to get resources, budget, and management involvements.
Demand Management: This is one of the PMO processes that overlooks how the team handles workflow without reaching the breaking point.
Project Closure: How a company closes a project depends on the PMO team. Every project must undergo a thorough investigation before handover. This avoids businesses from supporting a project lifelong after delivery.
To view the original article in full, visit the following link: https://tensix.com/2018/06/10-pmo-processes-you-should-be-using/