PMO and Systems Standup
Project management out of sync? Or nonexistent? If you are an organization, whether you realize it or not, you have projects, and therefore, need project management. Many organizations struggle with project management, have little to no talent to do it, and no systems or tools to support it. It is a problem worldwide of epidemic proportions and costs companies to tune of billions of dollars annually in missed deadlines, budget over runs, poor outcomes, and falling short of planned deliverables.
The Challenge >>
Leading manufacturing company in the engineered components space with dozens of projects in play, many behind schedule, under staffed, and over budget lacking any infrastructure and systems to effectively plan, manage, and close out projects leading to millions of dollars of annual impact and customer facing delays.
The Solution >>
• Designed infrastructure to develop a PMO (project management office) and associated governance system to provide review and oversight
• Helped recruit and staff up teams with proper talent
• Developed basic PM framework and put tools in place to help effectively select, plan, and manage projects including what NOT to work on to ensure limited resources were allocated accordingly
The Result >>
• Reduced open project load by 30% but improved focus on core collection of more appropriately staffed projects
• Project execution improvement to timeline and budget - nearly 50% improvement after one year
• Worked project funnel into organizations strategic planning process to help vet and select best projects for maximum impact with best PMs assigned and core teams
• Project management became a core competency for organization after two years and is yielding millions in top and bottom line impact where before the majority of projects were driving losses