Organizations are continuously under pressure to deliver various key initiatives across their digitalisation journey as part of Digital Transformation. Each initiative has to either deliver a product or a service, allowing business to achieve corporate objectives including customer experience, operational excellence, agile working, employee engagement etc. Ability to deliver or suffice a simple initiative might not seem very challenging but if this is the case across entire organization then it suddenly becomes challenging.
A set of business goals for an organization will impact various business areas within the organization, at which point project management becomes very critical enabling business sponsors monitor and deliver agreed objectives. As depicted in the diagram below depending on the size of the organization, project management levels can be agreed.
Project management is becoming fundamental for organizations to able to deliver business objectives. It is becoming more prevalent than ever to implement project management practice within the organization. If you like to understand why you need project management, here is a good article by Ben about “Why is Project Management Important“?
There are 3 key phases
Phase 1 – Approach
Organizations are adopting different approaches that suits to its needs
- Hire fully trained professionals
- Hire a consultancy to provide the service
- Train business champions to a specific framework/model
- Hybrid approach (any/all of the above)
Phase 2 – Methodology
Once organizations decide to establish project management practice, next step is to understand the type of governance / framework / methodology to use. As published by OGC (Office of Government Commerce) there are various options to choose from (refer to the article published by OGC)
PRINCE2 helps to successfully deliver projects of any size or complexity. Built from a wealth of experience and knowledge, PRINCE2 provides the essentials for managing any project. (ref https://www.axelos.com/)
Management of Risk (M_o_R®) is part of the Global Best Practice suite of publications, which helps organizations and individuals manage their projects, programmes and services consistently and effectively. (ref https://www.axelos.com/)
P3O is aligned to PRINCE2, MSP, and M_o_R and brings together a set of principles, processes and techniques to help deliver projects or programmes within an organization or department.(ref https://www.axelos.com/)
Management of Portfolios (MoP) provides a set of principles, techniques and practices to help organizations ensure their programmes and projects contribute to strategic objectives and achieve maximum ROI. (ref https://www.axelos.com/)
Management of Value (MoV) provides a set of principles, processes and techniques to enable organizations and individuals to maximize the benefits from their portfolios, programmes and projects. (ref https://www.axelos.com/)
PMI professional certification ensures that you’re ready to meet the demands of projects and employers across the globe. PMI is responding to practitioners’ needs for reliable professional tools. Here’s what you’ll see in our evolving standards. (ref https://www.pmi.org/)
Managing Successful Programmes (MSP) creates a structured framework for organizations of all sizes and from all sectors to improve practices, offer better services and more effectively prepare for the future. (ref https://www.axelos.com/)
ITIL is the most widely recognized framework for IT and digitally enabled services in the world. It provides comprehensive, practical and proven guidance for establishing an effective service management system. (ref https://www.axelos.com/)
Phase 3 – Roadmap
Final phase of the project management after choosing the methodology is to define maturity roadmap for the organization to adopt and implement. Maturity model and roadmap will be based on individual business needs and the commitment to invest in project management capability.
ACS can help businesses in project management from setting up the practice to delivering the projects through out the life cycle or anywhere in the journey. Just complete the form for a free consultation and we shall be in touch.