PMO 101

Program and Project Management

business objectives are crucial to success

Management and assigning program managers and project managers for the follow-up of business objectives.

What is the main difference between program management and project management?

It is comparable to a financial controller and an accountant. The accountant deals with everyday transactions recording them to historically account for cash flows of the business.

The financial controller uses the information that has been accumulated and separated by the accountant into detail accounts as combined ledger account entries to monitor the operations of the business from a higher level or bigger picture of what and where the business is doing and heading.

Every business uses program and project management without really comprehending it as a formal discipline. A small store owner plays the role of the program manager while employees that are assigned tasks are in essence project managers.

The objectives of the program manager, also known as PMO or director, include but are not limited to:

  • Governance
  • General Management
  • Financial Management and budgets
  • Resource assessment and assignment
  • Communications Management
  • Risk assessment
  • Monitor and control
  • Completion of objectives
  • Reporting to high-level management and steering committee

The objectives of the project manager, also known as the PM are:

  • Planning
  • Organizing
  • Assigning resources
  • Communicating with suppliers
  • Escalating problems to problem solvers
  • Delivery of objective
  • Reporting to the program manager or management

The requirements of both are based on the scope of the project:

  • Approach, determined by the objective
  • Time factors
  • Financial constraints, both funding and costs
  • Capacity planning
  • Human resources
  • Risk factor

The asset to the success of using a PMO is the human factor of choosing the right person.

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