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T10 (Ch16 Supplement) Project Oversight (Phase gate methodology (p.6)…
T10 (Ch16 Supplement) Project Oversight
Project oversight (p.2)
At the org level
Improving the way all projects are managed over time
Assessing and elevating the maturity level of the orgs project management system
Portfolio management
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Using the balanced scorecard approach to review progress on strategic priorities
Project selection
At the project level
Track and assist PM to resolve bottlenecks
Review status reports from PM
Audit and review lessons learned
Authorise any major deviations from the original scope
Decide on issues raised by the PM such as resource needs and escalation
Cancel the project
Review project objectives
Project office (p.3)
Phase gate methodology (p.6)
Generally consists of 5-6 phases
Used in many forms, by most multi-project firms
Based on '
Stage-Gate'
model by R Cooper 2000
Each phase concludes with a gate, where the decision must be made to; go, kill, hold, revise/recycle, the project
Example diagram Fig 16.3 (p.7)
Sample questions for each phase (pp.8-10)
Key benefits list (pp.10-11)
Balanced scorecard model (p.15)
Internal (employee) measures
Innovation and learning measures
Customer measures
Financial measures
Project management maturity model (PMMM) (p.12)
Generic five levels (p.12)
Mgmt of project mgmt. system
Institutionalisation of project mgmt
Optimisation of project mgmt. system
Formal application of project mgmt
Ad hoc project mgmt
Many different models, i.e. PMIs OPM3
Characteristics of each level (pp.13-14)
Ethical project management
Portfolio management (p.3)