P3M Policies, Processes & KPIs
Organizations needs to define the P3M policies, processes, KPIs, templates, forms and tools to ensure managing projects, programs and portfolios in a consistent and repeatable approach.
Portfolio methodology defines the portfolio lifecycle which typically include initiation, planning, execution and optimization. It also defines the policies, processes and templates needed to manage and execute the portfolio starting with alignment with the strategy and developing portfolio charter and roadmap through continuous optimization of the portfolio.
Program methodology include the program lifecycle covering program definition, execution and closing. It also defines the policies, processes and templates needed to manage and execute the program starting with alignment with the strategy and developing program charter and roadmap through implementing and executing the related projects and ensuring benefits realization.
Project methodology defines the project lifecycle which typically include project initiation, planning, execution and closing. It also defines the policies, processes and templates needed to manage and execute the project starting with alignment with the strategy and developing program charter through implementing project deliverables.
We at Bakkah have the necessary expertise to support your business to develop and enhance portfolio, program and project management methodologies and processes.
Using a variety of professional practices, we at Bakkah customize services as per our client needs in PMO/P3M, relying heavily on two reputable schools, namely [PMI & Axelos]. Our professional consultants, using the best tools, focus on integrating PMO functions with the organizational chart to provide the best expected outcome.
The key benefits of PMO policies and procedures are:
- Standardize and enhance program/project management methodologies.
- Ensure the development and enforcement of standards and methodologies across the managerial levels which will improve project management expertise and uniformity.
- Ensure successful delivery of portfolio, programs and projects to achieve business objectives.
- To improve identification and realization of outcomes and benefits.