Here are my question which I come across in my some research, Hope you will explain me in detail.Note : Remember just saying sorry and returing the credit will not give trust towards bartelby.If you cant able to give answers for this refund all my money.1. Why did the managers waited this long to consider the development of an EPM system?2. How can a PMO accelerate this process?3. How many project life cycles are best to have?4. Is it best to design the enterprise project management methodology around flexible or inflexible elements? When do companies prefer flexible over inflexible? BackgroundTom Walker, the president of ABC company, expressed his concern at the executive staffmeeting that ' We are no longer competitive in the market. All of the RFP that we want tobid has a requirement that we must identify the PM methodology we will use if we get thecontract. The reality is that we do not have a project management methodology but we onlyhave a few templates. This deficiency can make us lose the contract.I have been emphasizing the development of methodology but it was always delayed.People had been showing their fears about power, authority and politicking. This is nowimpacting the business and we might lose the potential contracts if we do not act now. Letus take the initiative now, develop and implement the PM methodology in next 3 months.We will subsequently use that methodology in all the projects with our clients.ImpedimentsThe managers, though trying to push back the change, knew that it is the need of time. Theycalled in a Project Management Consultant to develop a plan and switch to a PMMethodology. After a 4 hour meeting, the consultant explained that it can save time andmoney to implement a methodology if a Project Management Office (PMO) is established totake a lead role. The consultant also advised to name a leader of PMO who would havemore authorities and thus should be selected based upon the qualification, skills andexperience. Seeing this, the managers became more reluctant to this initiative and wantedto see first as to how it can affect their organization. However, upon push from thepresident, the PM0 was established after 2 months.The PMO comprised 3 experienced Project managers who could hopefully take the lead inthe development of a methodology. PMO concluded that there were 5 steps that had to bedone initially. After all the steps were done, the executive committee would receive a finalbriefing, in addition to the monthly updates and progress reports, on what had beenaccomplished. The PMO believed that it might take timecommittee on the results and progresses however the 5 steps were planned to begin.convince the executiveThe first step was to identify the number of life-cycle phases. Some managers proposed tohave up to 10 life cycle phases. PMO knew that more life cycle phases would mean morephase gate review meetings and more planning. He wanted to keep only right number oflife cycle phases. Thus, life cycle phases were kept to 5 in order to keep them to optimum.The second step was to decide whether the methodology should be designed around rigidpolicies and procedures or be kept informal by using checklist, forms, template andguidelines. PMO preferred to have the informal approach and allow flexibility to the clients. The third step was to see what could be salvaged from the existing templates andchecklists. Since most of the managers were not using the existing templates so it wasdecided to develop a standardized set of documents in accordance with the information inthe PMBOK Guide. The project managers could then select from that selection whicheverform, guideline or template is more suitable to their client.The fourth step would be to develop a means for capturing best practices using the EPMsystem. Clients were now asking to include in the RFP about the best practices to be usedon a project and shared with the client. There was a difference in opinion on this stepwithin the team of managers.The fifth step involved learning and training. The functional and project managers need tobe trained in the use of new methodology. The PMO believed that a 2 days workshop wouldsuffice to train and help them to apply new methodologies in practice.

Name: Here are my question which I come across in my some research, Hope you
Uploaded: 2024-03-20T06:57:05.000Z
Channel: Bartleby
Description: Here are my question which I come across in my some research, Hope you will explain me in detail.Note : Remember just saying sorry and returing the credit will not give trust towards bartelby.If you cant able to give answers for this refund all my mo