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Enhancing Project Oversight and Management in Organizations

Discover the set of principles and processes to guide project management, from project selection to cancellation, with oversight at organizational and project levels. Includes project portfolio reports, phase gate methodology, and project management maturity model. Explore career paths in project management.

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Enhancing Project Oversight and Management in Organizations

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  1. Chapter 16 Oversight

  2. Project Oversight A set of principles and processes to guide and improve the management of projects.

  3. Oversight (cont.) • At the Organization Level: • Project selection • Portfolio management • Assess and elevate maturity level of project management system • Review progress on strategic priorities

  4. Oversight (cont.) • At the Project Level: • Review project objectives • Resolve issues raised by project manager • Track and resolve bottlenecks • Review status reports • Audit and review lessons learned • Authorize major scope changes • Cancel the project

  5. Project Office • Unit responsible for: • Supporting utilization of project management methodologies • Training and assistance in project management • Documentation and champion of best practices

  6. Project Portfolio Cost Summary Report FIGURE 16.1

  7. Project Portfolio Schedule Summary Report FIGURE 16.2

  8. Phase Gate Methodology • A structured process to review, assess, and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals

  9. Phase Gate Process

  10. Project Management Maturity Model

  11. How far can virtual project management evolve? How do we manage projects under high levels of uncertainty? Unresolved Issues

  12. Career Paths TemporaryAssignments Pursuing a Career Gaining Visibility Professional Training and Certification Mentors Success inKey Projects Project Management Career Issues

  13. Key Terms Balanced Scorecard Mentor Oversight Phase gating Portfolio management Project management maturity Project office (PO)

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