Special: PM War Stories - Creating a PMO: How to Overcome Risks in Building a PMO that Lasts
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In this special episode we introduce you to PM War Stories - a podcast for the experienced, senior project manager. The show is hosted by Wayne Thompson and here is what he writes about this particular episode:
Project managers face and overcome risks and uncertainties frequently in their projects. Creating a project management office (PMO) is no different. It requires securing a large commitment on the part of the organization, obtaining buy-in at all levels, actively managing stakeholders and sponsors, and carefully gauging, and in some case disregarding, risks and uncertainties.
Success is not achieved merely with the creation of the PMO itself. In fact, 25% of PMOs typically fail in the third year of their existence. To build a PMO that will last, project managers need the proper infrastructure, processes, people and tools. Implementing a project portfolio management (PPM) strategy is an important early step as it helps tie those pieces together in building a PMO. Additionally, it helps drive the sustainability and success of the PMO by providing the necessary system of checks and balances that ensure projects are on track and in alignment with the organization’s goals.
This is the third podcast in a series on project management offices, sponsored by Oracle Primavera. In this episode, we will examine how to overcome the risks and uncertainties in creating a project management office and more importantly, how to successfully maintain it.
To do this, I’m sitting down with industry insider, Beth Partleton who has more than 30 years of project and portfolio management experience in manufacturing and construction. During her illustrious project management career, she was the Director of Strategic Projects for Miller Brewing Company in Milwaukee, Wisconsin; she was a founder, charter member, and president of the Milwaukee/Southeast Wisconsin PMI Chapter; she was Chair of the PMI Educational Foundation Board of Directors and lastly she served on the Board of Directors for PMI’s Manufacturing specific interest group. Today she will be sharing her insights and war stories around the importance of PPM to maintain a successfully operating PMO.
We are pleased to announce that there will be three more chances to win a netbook. The next drawing will be held on February 19, 2010. To register for your chance to win, please click here - Netbook Contest [Update: the template website is no longer available, so we removed the link] . Members are limited to one entry per month so don’t forget to visit our site and complete an entry form today. Good luck and thank you for listening.
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