An interactive guide to prioritizing Portfolio Cash Flow Management

Interactive Project Portfolio Cash Flow Management Strategic Portfolio Cash Flow Management An interactive guide to prioritizing projects and optimizing cash flow in a multi-project environment. Make decisions and see their financial impact in real time. 1. Portfolio Simulation Select projects to include in your portfolio. For each project, choose an “Early” or “Late” start to see how timing impacts the aggregated monthly cash outflow. Observe how your choices affect the budget and cash flow constraints shown on the chart. Aggregated […]

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Delivering Value Through Performance Domains

Interactive SPA: Delivering Value Through Performance Domains Delivering Value Through Performance Domains An interactive guide to the modern project success framework, aligned with the PMBOK® Guide, 7th Edition. The Core Shift: From Processes to Performance Modern project management is evolving. Foundational structures like the WBS and CBS are no longer enough. The focus has shifted from rigid processes to a holistic, value-driven strategy centered around eight interconnected **Performance Domains**. True success now comes from integrating these domains to deliver tangible […]

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Project Governance: Beyond Initial Plans

Project Governance: Beyond Initial Plans Project Governance: Beyond Initial Plans Exploring the realities of project management and the critical balance between rigid plans and adaptive leadership. 📊 Reflecting on 2024: A Project Year in Review In the end of 2024, I am sure you all get to a conclusion, how much achievements and delays you had by now in your projects comparing to the initial plans. Let’s hope, you as a leader, this year encountered a situation where one of […]

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PBO Annual Project Progress Report

In this Article, I am discussing here new ideas and thinking, so if you have a rigid mind, rest in peace in your comfort zone and don’t continue reading. The scope of an annual project delivery report necessitates various essential reports, beginning with financial reports largely contingent on project progress report. The progress report is crucial to ascertain the financial year’s status, encompassing the balance sheet, the income statement, the cash flow statement, the profit and loss, and to evaluate […]

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How to Measure PMO Performance?

•measuring PMO performance is crucial for ensuring effective project management and achieving strategic goals. •By focusing on key performance indicators, data collection and analysis, reporting and communication, benchmarking, benefits realization, continuous improvement, addressing challenges, and leveraging the best used KPIs for PMO performance, organizations can enhance their PMO’s performance and deliver better project outcomes. Read the details in the below documents

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AI and New Construction Technologies

AI and new construction technologies are transforming the industry, driving improvements in productivity, efficiency, and sustainability. By leveraging robotics, drones, 3D printing, BIM, IoT, AR/VR, AI/ML, sustainable practices, and smart home technologies, construction projects can be executed with greater precision, cost-effectiveness, and environmental responsibility. Embracing these technologies and staying updated with the latest advancements will help organizations thrive in the era of AI and new construction technologies. Read more in the document below

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Mid-Year Portfolio Reports

As we approach the end of the financial year in Australia on June 30th, and simultaneously mark the mid-year in the Middle East, we find ourselves at a critical juncture. The mid-year report, a month and a half away, is currently under preparation. We may be tempted to present a report suffused with hundred of pages (to make it more difficult to understand the situation) with the sweet flavour of icy watermelon in the executive report to gain acceptance. to […]

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How Big Things Get Done Book Review, Part 1 The Failure.

Understanding history is crucial for achieving success in the future, particularly when accompanied by comprehensive data analysis. This concept is effectively conveyed in the book “How Big Things Get Done” authored by Prof. Bent Flyvbjerg and Dan Gardner. The book offers valuable insights based on years of experience and digs into the analysis of project data spanning to decades of years after delivery which gives us the full story of the project benefits real outcome. Upon reading the book I […]

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Roadmap To A Successful Project Control Governance

Designing and implementing good project control practices require a comprehensive and collaborative understanding approach that involves various stakeholders and needs full commitment until completion. This approach guarantees successful implementation and ease the challenge it might face during execution which is very expected and normal from the old guards who used to the old systems or benefit from it. From different projects experience on different implementations, I suggest the following steps to be considered during designing the policies and governance of the […]

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How many Details do you need in your development schedules?

From day to day work and experience I have this lesson learned to share with you. Once one of the planning managers had a view that detailed construction schedules on an early development stage, where we are still in the early stage of studies and concepts, is just wasting the focus of the planning team on confirming what had been considered completed and becomes clear on (what, why and how) we are doing the works and the uncertain works. The […]

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Fighting Corruption In Construction Industry

The USA, Department of Justice, Office of Public Affairs released the following on 14th Nov 2022 “A construction company owner became the third person to plead guilty for his role in a bid-rigging and bribery scheme involving California Department of Transportation (Caltrans) improvement and repair contracts. According to a plea agreement filed today in the U.S. District Court for the Eastern District of California in Sacramento, Bill R. Miller engaged in a conspiracy, from April 2015 through at least December […]

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Bidding Project Portfolio System

Winning new projects nowadays is very tough considering the market conditions and high competition. To compete successfully, businesses must have a clear understanding of their industry, the competition, and their customers. They must also create and implement strategies to differentiate themselves from the competition. This can include having a unique product offering, providing superior customer service, offering competitive pricing, and utilizing effective marketing and advertising tactics. Additionally, businesses must stay on top of industry trends and be agile in responding […]

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Cost Management For Contractors

Cost management is more crucial to the contractors than other parties during contract execution. Some contractors are still in the dilemma on working on huge unsecured excel sheets and late reports from site and misalignment between the construction team and the head office departments which support and monitor the project. EVM system is on tool to monitor the cost and profit on real time every single day using Primavera P6 EPPM system. Earned Value Management (EVM) is a widely used […]

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Project Charter

The project charter is an important part of the project development. It is the first control ground for the project. If the project doesn’t have a project charter, the project owner is missing a very important control of the project. Having an approved project charter / brief means that the project manager and the board are: 1- Understand and agree the terms of reference of the project. 2- They are willing and able to commit their time to the direction […]

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The Project Director / Manager Governance

Most certified project managers know about project governance. However, some of them would have different understanding of their liability when a project doomed as failed. For the experienced project managers, when they take over a project, they will ask about the used project’s governance model. Usually, the relevant department will give the governance system to them to apply and comment. Most of the time, they are worried about its practicality and applicability. In PMI Global Congress 2015 – North America, […]

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Do You Apply The Right PPMO Methodology?

In today’s market challenges, many organizations adopt a shared resources concept with the belief that they are employing project portfolio management (PPM) offices. However, this belief is a fallacy that often starts when they consider shared resources as the critical component of PPM. This misconception is harmful to the organization’s productivity, leading to a backlog, unclear policies for service and project demands inclusion in the portfolio, resource depletion, and ineffective management of projects. To determine if your organization suffers from […]

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How Old Are You In The PPMO Maturity?

How old are you in the PPMO maturity?  The integration maturity of Project Portfolio Processes with Business Processes is the core of a successful PPMO to achieve the business goals of selection the right projects and delivering the projects according to its established goals. This article is a an important to read to understand the organisation maturity to manage expectations and to do the right implementation planning.  This article is discussing , the project portfolio management office (PPMO) maturity levels […]

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Project Controls Vs. PMO

In the world of project management, there are several different terms used to describe the organizational structures that oversee projects. These terms include project control departments, Enterprise Project Management Offices (EPMOs), Program and Portfolio Management Offices (PPMOs), and Project Management Offices (PMOs). While each of these structures serves a similar purpose, there are some key differences between them that are important to understand, particularly for contractors and developers. Project Control Department A project control department is a centralized unit within […]

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