Corporate project management methodology development and implementation
To ensure that the projects achieve their goals in time and within planned budgets, it is necessary to manage them properly. This means that a complete set of managing activities should be performed on each individual project of the company, including the following:
- justification of the necessity of project implementation and the feasibility study;
- planning, including the following: identifying a set of tasks to be implemented as well as the necessary resources; defining the order and the terms of project tasks implementation; drawing up project budget; planning the quality of project outcomes; planning project control procedures and risk management procedures; planning communications, personnel, contracts and deliveries, etc.;
- analyzing the course of project implementation and making decisions concerning the plan reconsideration and contingency reserves consumption;
- managing resources in the course of project implementation;
- " project closure upon the achievement of project goals or in case of inexpediency of continuing with the project implementation.
Corporate project management methodology comprises a set of procedures and internal regulatory documents defining these procedures, as well as a set of project management tools and techniques ensuring the implementation of all projects undertaken by the organization in full compliance with the uniform rules and standards.
Corporate methodology defines both the methodology of management (making project decisions) at the different stages of project life cycle and the different functional requirements (concerning finances, staff, terms, resources, risks, quality, contracts an deliveries, etc.).
The development and the implementation of the corporate project management methodology allows companies to achieve the following results:
- the uniform understanding of project management content (principles, tasks, methods, terminology) among the company's staff;
- the increased economic effectiveness of the projects (more projects achieve their goals while the deviations from planned dates and costs get minimized);
- clear division of power and responsibilities among project participants, including top managers, line managers and project team members;
- improved on-line monitoring of the projects due to the implementation of a uniform system of project reports;
- a possibility to accumulate and use project knowledge base, which helps to avoid repeating old mistakes and to reuse good solutions.
The development and the implementation of the corporate project management methodology in a company - is itself a project that may comprise phases such as pre-project assessment, setting the goals for the development of methodology, defining requirements for the corporate project management processes, developing basic version of methodology and testing this version in pilot projects, and making appropriate corrections and implementing thus corrected methodology.
Call us to learn more about p.m.Office's experience in the field of project methodologies development and implementation and the existing different approaches to this task that we customize for each company.