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PMO Perspectives Blog (page 81)

Project Management and Stock Price: Is there a connection: Part 1

In my work with executives who are making an investment in project management, I’m often asked the question: “Will project management drive up our stock price?”  Some believe that connecting good project management with a rise in their stock price is the only way to convince senior management that their training or consulting investment has been worthwhile. But is a company’s stock price, and specifically, a rise in the stock ...

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Value is Equal to the Benefit divided by Price – Part 1

I was recently facilitating a group of PMO practitioners at a seminar – on the value that PMO’s can offer their organisations. I was writing up an equation on a flipchart that economists use – “Value = Benefit/Price” when there was a outburst of verbal challenges from the group. Jane was getting agitated, “You can’t compare a purist view of businesses seeking to discount to increase sales, to the PMO. ...

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Who Should be on the Team?

So who should be members of a project office? Well in a previous article I argued that actually you need to consider what you’re looking for from your project office. This in turn then, surely helps to dictate who should be members; some possible examples include, (but are by no means limited to) the following:

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Where Was It?

Now where was it!!!! Never underestimate the importance of effective filing systems within a project.  It is great to have mountains of information and resources but if no one knows where to access this information, they are nowhere near as valuable. I have often been in a position, where a vital piece of information that I required to help me run the project or aid in discussions with a client ...

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New at Project Management

Since I spend some time driving in my car, and thinking, the thought crossed my mind when I saw two recent LinkedIn discussions going on about new project managers that this was a little like learning to drive. The requests were both for guidance in moving into project management and in becoming a junior project manager.

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Green Project Management

I have been doing a lot of driving recently, which I enjoy as it gives me a lot of time to myself to think. One of the topics that I have been thinking a lot about is ‘Green’ project management and sustainability in general. I was fortunate enough to attend the IPMA International Expert Seminar (Zurich) back in February which focused on sustainability of projects in the future. This was a ...

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Should we be Managing or Engaging Stakeholders in Programme Management?

The term often used in programme management – in fact it is even used in the PMI Standard for Programme Management 2nd Edition – is Stakeholder Management. In reality Stakeholder Engagement is what we need to aspire to, as ‘managed’ stakeholders often find a way to avoid being managed! Engaged stakeholders are actively involved and see the value of continuing that involvement throughout the programme.  If we can stretch an ...

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