What Does a PMO Do? A Project Management Office (PMO) is a group or department within an organization that establishes and implements best practices and maintains standards for project management, planning, and execution. The PMO strives to standardize best practices and introduce economies of repetition in the execution of projects. It also is the source […]
Quick Take: Emerging technologies can make your products and services obsolete Digital Transformation (DX) means using current technologies to rework an organization’s products, processes, and strategies The biggest trends driving Digital Transformation are: Mobile technologies Artificial Intelligence Machine Learning Internet of Things Cloud Computing You can utilize Project Portfolio Management (PPM) best practices to support […]
Quick Take: The adage that what gets measured, gets managed is only partly true Determining what to measure is the first step, and tying these measures to outcomes is key Evaluate your KPIs on a regular schedule to ensure the Project Portfolio is on course Ask yourself (and your team) the question “what does success […]
Quick Take: The way you and your team approach decision-making can affect team cohesion as well as the quality of the decision Project Portfolio Management (PPM) software can provide the facts to support decision-making When making decisions with a team choose inquiring over advocating Follow a structured inquiry process rather than an advocacy process Vital […]
Quick Take: Use this process for any kind of software: Ask yourself why to you need the software and make a list Create a list of features that will answer the “whys” Based on the feature list, research software providers Select your top five Do a side-by-side weighted comparison to rank providers Use a Criteria-Based […]
Quick Take: Project Management jargon can be difficult to wrangle Understand what PM, PM (not a typo), PMP®, PgM, EPM, PMO, PMBOK, and PPM mean PM can mean Project Manager or Project Management Project Portfolio Management (PPM) enables organizations to place a framework around project management that enables them to effectively manage projects, no matter […]
Quick Take: Project Portfolio Management (PPM) software can dramatically enhance the success rate of your organization’s projects PPM software can forecast the success of your projects, provide your team with a centralized resource that enables visibility and insight, increase collaboration among your team, simplify the top-down management of project plans, and enable you to easily […]
Quick Take A small percentage of business executives are satisfied with project status reporting Project Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies All too often project management involves guesswork. With Projectric, your organization can enjoy better transparency, governance, resource management, collaboration, project prioritization, project management, resource management, and project […]
Quick Take: Cloud-based Project Portfolio Management (PPM) Dashboards, resource management, portfolio-level KPIs, and other tools to manage and track projects across your organization Identifies the right projects for approval, allocates and manages resources, and provides insight Forecasts the impact of your portfolio against strategic goals Real time Portfolio “Health Analysis” Who is Projectric and How […]
Quick Take: The phases of the Project Management Process are: Initiation Planning Execution Monitoring Closing The Phases of the Project Management Process Effective project management relies on a series of processes. For waterfall project management, these processes are commonly organized into phases. These phases generally run linearly and sequentially with a Big Bang at the […]
Projectric is a leading Project Portfolio Management solution that organizes project and program data into relevant, actionable information for making business decisions. We are a trusted partner for organizations that need to perform meaningful analysis, forecast outcomes, collaborate in a centralized resource and adapt quickly to changing business needs.