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Lecture Project management: The managerial process (6/e) - Chapter 16: Oversight

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Oversight practices are directed to improving the way the organization manages all projects. Oversight or governance in multiproject organizations supports the trend of integration over the last three decades. Centralization of project management activities became imperative as projects became more numerous and became the means to implement organization strategy. | 16–1 Project Management 6e. 16–2 Where We Are Now 16–2 Project Management 6e. 16–3 Project Oversight Project Oversight A set of principles and processes to guide and improve the management of projects. Oversight’s Purposes: To ensure projects meet the organizational needs for standards, procedures, accountability, efficient allocation of resources, and continuous improvement in the management of projects. To support the project manager. 16–3 Project Management 6e. 16–4 Oversight Activities At the Organization Level Project selection. Portfolio management. Improving how all projects are managed over time. Assessing and elevating the maturity level of the organization’s project management system. Using balanced scorecard approach to review progress on strategic priorities. At the Project Level Review projects’ objectives. Decide on issues raised by the project manager. Track and assist the project to resolve bottlenecks. Review status reports from the project manager. Audit and review . | 16–1 Project Management 6e. 16–2 Where We Are Now 16–2 Project Management 6e. 16–3 Project Oversight Project Oversight A set of principles and processes to guide and improve the management of projects. Oversight’s Purposes: To ensure projects meet the organizational needs for standards, procedures, accountability, efficient allocation of resources, and continuous improvement in the management of projects. To support the project manager. 16–3 Project Management 6e. 16–4 Oversight Activities At the Organization Level Project selection. Portfolio management. Improving how all projects are managed over time. Assessing and elevating the maturity level of the organization’s project management system. Using balanced scorecard approach to review progress on strategic priorities. At the Project Level Review projects’ objectives. Decide on issues raised by the project manager. Track and assist the project to resolve bottlenecks. Review status reports from the project manager. Audit and review lessons learned. Authorize major deviations from the original scope. Cancel the project. 16–4 Project Management 6e. 16–5 Current and Future Trends in Project Management Forces for Change Global competition, knowledge explosion, innovation, time to market, and shortened product life cycles Two Major Outcomes for the 21st Century: An increase in the scope of project management and system integration. The focus of projects has shifted from tactical to strategic. An increasing discipline in the way projects are managed. 16–5 Project Management 6e. 16–6 Importance of Oversight to the Project Manager Oversight Functions: Providing support and help to the project manager where needed. Determining the environment in which the project manager will implement his or her project. Influence the performance measures used to hold the project manager responsible and accountable. Providing the oversight group to which the project manager will reporting at predetermined phases in the project. 16–6 .

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