Issue #14 - 💡 How PMO can reduce costs
Issue #14 - 💡 How PMO can reduce costs
The PMO has a long history of driving significant benefits
Read time: 3 minutes
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🔑 Intro
🔨 Are You a Micromanager?
💡 How PMO can reduce costs
🔑 Intro
Welcome back to the Agile Admiral weekly project management newsletter! If you missed any of the previous newsletter, check my profile to read!
My motivation with this newsletter is to educate and “clarify”.
Educate: sharing my lessons learned trough my 15 years of project management experience, and
“Clarify”: cover areas in more details, such as AGILE and PROJECT COST OPTIMIZATION
This week's topic: How PMO can reduce costs
In my last newsletter, I covered how to Reduce Project Management Costs, in todays issue im going to continue with the topic.
🔨 Are You a Micromanager?
Are You a Micromanager?
Absolutely no one likes to be micromanaged.
It’s frustrating, demoralizing, and demotivating.
Dealing with someone, Program Manager/VP/CEO/Line Manager who's controlling is challenging.
There is no trust, no opportunity, just constant grind to being enough.
But, cannot it be me?
I’m a micromanager and I don't even realize?
If you’re like most micromanagers, you probably don’t even know that you’re doing it.
Here are the signs:
You’re never quite satisfied with deliverables.
You often feel frustrated because you would’ve gone about the task differently.
You laser in on the details and take great pride and /or pain in making corrections.
You constantly want to know where all your team members are and what they’re working on.
You ask for frequent updates on where things stand.
You prefer to be cc’d on emails.
Credits:
Harvard Business Review & Visuals: Roberto Ferraro
💡 How PMO can reduce costs
The PMO has a long history of driving significant benefits
A PMO can support cost reduction by promoting efficient and effective project management practices, ensuring project investments align with business priorities, and continuously improving processes to optimize resource utilization and minimize costs.
PMO builds or licenses a common set of project management processes and templates, which saves each project manager or organization from having to create these on their own. These reusable project management components help projects start-up more quickly and with much less effort.
After the project management processes are deployed the PMO enhances and supports them over time. As new or revised processes and templates are made available, the PMO deploys them consistently to the organization.
The PMO facilitates project communication by defining a common terminology. There is less misunderstanding and confusion within the organization if everyone uses the same language and terminology for project related work.
The PMO sets up and supports a common repository so that prior project management deliverables can be candidates for reuse by similar projects, further reducing project start-up time.
The PMO provides training (internal or through vendors) to build core project management competencies and a common set of experiences. If the training is delivered by the PMO, there is a further reduction in overall training costs paid to outside vendors.
The PMO delivers project management coaching services to help apply good practices on specific projects. Coaching services can help project managers understand and apply the practices more quickly. Projects at risk can also be coached to help them complete successfully or at least ensure that they do not get any worse.
Source:
https://tenstep.com/