Project Management

PMO Structures in Organization:   A Project Management Office [PMO] is a management structure that standardizes the project-related governance process and facilitates the sharing of resources, methodologies, tools, and techniques. There are several types of PMO structures in organizations, each varying in the degree of control and influence they have on projects within the organization, such as: Supportive:   Supportive PMOs provide a consultative role to projects by supplying templates, best practices, training, access t information and lessons learned from other projects. This type of PMO servers as a project repository. The degree of control provided by the PMO is low. Controlling:   Controlling PMOs provide support and require compliance through various means. Compliance may involve adapting project management frameworks or methodologies, using specific templates, forms, and tools, or conformance to governance. The degree of control provided by the...

Risk Management Mechanism: Risks are always in the future. Risk is an uncertain event or condition that, if it occurs, has an effect on at least one project objective. Objectives can include scope, schedule, quality, and cost. Project risk has its origins in the uncertainty present in all projects. Known risks those that has been identified and analyzed, making it possible to plan response of those risks. Specific unknown risks cannot be managed proactively, which suggest that project team should create a contingency plan. A project risk that has occurred can also be considered as issue.  The objective of Risk Management is described below:  1.    Identify Risk Mechanism Risk identification process determines which risk may affect project and documenting their characteristics at planning phase. These would be documented in the Risk Register. The identification would be done using several mechanisms, a selected few of which are listed bel...