“You can’t keep it all in your head. Project Management tools are an absolute necessity for the control of any project.” – Louis Fried
Most companies in Thailand still do not realize that gaps and inconsistencies in the way they use project policies, standards, and procedures from project to project, are what is causing poor overall project performance. Establishing a Project Management Office (PMO) would limit this frustration and integrate standards, procedures, and policies to make them uniform, thus improving project processes, and ultimately performance.
The Project Management Office (PMO) is the single most critical tool for the success of any company and is what differentiates between a good project company and a great one. The PMO provides oversight for the overall management of projects and programs within an organization. Getting all projects under one overall standard helps improve efficiency, costs and execution of project deliverables.
“Unengaged sponsor sinks the ship.” – Angela Waner
Stakeholders greatly influence the intended outcome and success of a project. Their involvement can take place during any stage of the project; however, performing a stakeholder analysis during the initiating stage will greatly influence the development of an effective project strategy and increase the chances for a successful project outcome.
Many organizations express supporting stakeholder involvement by promising participation, but gaining stakeholder involvement is not always easy. Careful and thorough planning is essential to identify the right stakeholders and to ensure stakeholders participate in appropriate and effective ways.