An effective sponsor is critical to the successful delivery of a project. Many surveys cite ineffective sponsorship as one of the top causes of project failure. This blog explains the role of the project sponsor and explains steps on how to ensure your sponsor is effective.
The Portfolio Management Office (PMO) will need to produce a set of reports for a programme board, steering committees or Portfolio Owners. This blog describes the top 3 Portfolio reports from PM3, our PPM tool, that our clients use for these steering committees. There can never be a one size fits all, but reviewing the report usage from our PM3 tool, there are three reports that are heavily used for presentation to senior management in various committees.
Having managed many large scale programmes and established Enterprise PMOs, I have recently been struck by some of the misconceptions about what a PMO tool can do. In this blog, I’ll cover what I think are the top 5 misconceptions.
At The Project Bureau, we recommend our preferred PPM tool, PM3.
My experience of conducting many project and programme reviews makes me want to do a deep dive on projects that are always green because they are often hiding problems. And the longer project issues or problems are covered up, the greater the cost to the organisation in bringing the project back on track.
Being in the business of developing and implementing our preferred PPM tool, PM3, our experience has shown that there are a number of steps an organisation needs to take to ensure that the PPM tool sticks and the investment is not wasted.
There are numerous PPM tools in the marketplace which can make choosing the right one for your organisation problematic. The right PPM tool for your organisation can deliver huge benefits, but the wrong one can cost a significant amount of wasted time, money and resources. Selecting a PPM tool is usually managed via a tender process. The information in this blog does not replace the tender process, but in my experience there are 5 Big Questions that you need to ask before you buy a PPM tool.