Oversight Chapter 16 Copyright 2008 by The Mc

Oversight Chapter 16 Copyright © 2008 by The Mc. Graw-Hill Companies, Inc. All Rights Reserved.

Project Oversight A set of principles and processes to guide and improve the management of projects.

Oversight (cont. ) � At the Organization Level: �Project selection �Portfolio management �Assess and elevate maturity level of project management system �Review progress on strategic priorities

Oversight (cont. ) � At the Project Level: � Review project objectives � Resolve issues raised by project manager � Track and resolve bottlenecks � Review status reports � Audit and review lessons learned � Authorize major scope changes � Cancel the project

Project Office �Unit responsible for: � Supporting utilization of project management methodologies � Training and assistance in project management � Documentation and champion of best practices

Project Portfolio Cost Summary Report FIGURE 16. 1

Project Portfolio Schedule Summary Report FIGURE 16. 2

Phase Gate Methodology �A structured process to review, assess, and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals

Phase Gate Process

Project Management Maturity Model

Unresolved Issues How far can virtual project management evolve? How do we manage projects under high levels of uncertainty?

Project Management Career Issues Career Paths Temporary Assignments Pursuing a Career Professional Training and Certification Gaining Visibility Mentors Success in Key Projects

Key Terms Balanced Scorecard Mentor Oversight Phase gating Portfolio management Project management maturity Project office (PO)