Applied_Research_Paper_Example_2_-_Project_Management[2]

Applied_Research_Paper_Example_2_-_Project_Management[2] -...

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The Project Management Office System For ABC Technologies, Inc. Name: Balu Raju Session: Nov -05 Prof: Lou Ann McElyea Permission has been granted by the student to use his paper as an example. 12/16/05
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Project Management Office The project office is the office or department responsible for establishing, maintaining, and enforcing project management processes, procedures, and standards. It provides services, support, and certification for project managers [web definition]. In a broader sense, if an organization undertakes one or two project at any given time, it may able to easily implement project management discipline. However, the larger an organization gets, and the more projects that are executed at one time, the more difficult it becomes to develop a comprehensive methodology, train everyone and enforce the consistent use of the technology on all projects. Without this consistency, the full value of implementing a common value of a project management methodology is not reached (TenStep, Inc). There are many organizations that have started realizing the potential value of establishing a Project Management Office to strengthen their competitive advantage. The PMO structures project management into an organized, systematic approach that includes the following goals (Engle, 2005): 1. Project Definition: Goals and objectives, organization charts, and roles and responsibilities are documented. Some companies adopt a charter that lays out every aspect of the project before the first dollar is spent. 2. Project planning and control: The charter documents what is to be done, and the project plan lays out how it will be accomplished. The project plan includes the schedule, required resources, and budget.
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3. Issue Management: Management must identify and address unforeseen issues in a timely manner. Issues in this sense are mainly the issues that need to be addressed in the application that just developed. 4. Risk Management: Risks are identified and monitored at the beginning of the project and alternatives are developed to mitigate them. 5. Change/Scope Management: Few Projects are completed without changes. Changes must be addressed quickly and honestly, with minimal impact to the schedule, staffing and budget. 6. Reporting and Communications: The PMO typically reports on the project each week and identifies significant issues frequently. These reports typically focus on schedule, budget, and resources. 7. Quality Management: Quality management seeks to identify gaps during the project so that they can be addressed quickly 8. Financial Management: The PMO develops and administers the project budget. Reports are prepared weekly that compare actual expenditures to the budget in order to identify the issues before they can impact the project. Overview of ABC Technologies, Inc
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Applied_Research_Paper_Example_2_-_Project_Management[2] -...

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