Download PMW_0024_PMOs_And_PPM.mp3 (16.2MB)
Creating a Project Management Office (PMO) requires a large commitment on the part of an organization in centralizing and streamlining its project activities. Often the creation of the PMO overshadows the actual maintenance and success of its function. In fact, 25% of PMOs typically fail in the third year of their existence. Given this reality, its important for organizations to design a PMO that is built to last. Meaning, PMOs require to have the right infrastructure and buy-in in order to succeed. Implementing a Project Portfolio Management (PPM) methodology that accurately aligns an organizations corporate objectives with its active projects is what keeps the PMO machine going. Without the fuel driven by sound PPM best practices a PMO's chances of success hang in the balance.
In this episode, we will examine how to create a project management office and more importantly, how to successfully maintain it through an effective project portfolio management (PPM) strategy. To do this, we will look at PMOs in a service organization and a manufacturing company.
Our show is divided into 2 segments.
In Part 1, we will be talking to industry insider, Kris Reynolds, who has over 10 years of project management experience and has led numerous projects in healthcare and software application development. He is the Director of the Program Management Office at Macrovision, formerly TV Guide. His PMO was named one of the Top 20 Outstanding project management organizations in the October 2007 edition of PM Network magazine. Kris is a frequent author and lecturer on project portfolio management, PMOs, and project management, and currently serves as president of the Project Management Institute (PMI) PMO Local Interest Groupof Tulsa, Oklahoma. Tonight Kris discusses how his organization created a PMO to develop and indoctrinate a consistent project management methodology and project management discipline.
In part 2, I sit 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 FoundationBoard 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.
Music Notes
1. The opening of the episode – “Greasy Wheels”
2. Interview with Kris Reynolds – “Half Moon Bay”
3. Interview with Beth Partleton – “Glide”
4. The closing of the episode – “Electric Rodeo”
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