Centre of Excellence
PM Academy Centre of Excellence (PMCOE) creates research that makes a difference to organizations at the strategic level. We define an approach to boost adoption of new research in the context of your organization and industry.
At the tactical level, we engage with professional associations, academic institutions, and corporate organizations to oversee effective applications within their spheres of responsibility.
You can partner with Us.At PM Academy, we believe that the key to successfully executing PM best practices across an organization depends on the successful embedding of the four key functions through the establishment of a PMCOE.
I. Define Projects
This function deals with the establishment of a project authorization process to ensure that resources are clearly aligned to strategic goals and objectives. It addresses areas such as:
- Project Categorization
- Project Context Definition
- Prioritization and Portfolio Management
- Project Request/ Proposal Review
- Capital Budgeting and Capacity Planning
- Governance & Structuring.
- What this does
- Provides a means for your organization to identify and manage projects related to the context
- Ensures alignment and improves resource allocation on critical projects based on strategic priorities
- Builds an interactive control mechanism to deal with strategic uncertainties
- How it benefits your organization
- Improves capital budget planning processes
- Allows for enterprise-wide forecasts and performance reviews
- Ensures growth in PM Maturity of the organization
- Improves business benefit returns
II. Define Methods
This function creates standards and methods for program and project management including Policies & Procedures, Processes, and Tools & Templates.
- What this does
- Provides a standard methodology which your organization can use to manage programs and projects throughout the enterprise
- Provides standard processes, tools and templates for managing programs and projects
- How it benefits your organization
- Improves consistency and efficiency
- Shortens the learning curve
- Reduces time to market and cost
- Improves skills
- Facilitates regular reviews and governance processes
III. Define Abilities
This function helps develop a comprehensive role-based talent development program to enable organizations to embrace and effectively apply standards consistently and to achieve continuous improvement. It establishes Professional Competency and Performance Outcome Definitions, Education and Development Curriculum and Education & Development methodologies with a focus on translating learning to practice.
- What this does
- Provides a comprehensive education, training and development program that effectively builds implementation capabilities
- Provides an internal qualification and certification program for Project and Program managers
- Provides role-based development opportunities at all levels in the organization
- How it benefits your organization
- Improves time2market, quality2market and cost2market
- Reduces project lead times and costs
- Improves project organization, planning and management skills
IV. Define Assurance and Compliance
This establishes the checks and balances that ensures program or project readiness even before initiation to program or project closure (covering the entire lifecycle) by developing policies, procedures as well as tools & templates to assess improvements in PM Maturity, Competency and Skill Levels, Project Audits and Implementation Profiles. These analyses can be used to identify gaps and improvement areas.
- What this does
- Creates early and continuous visibility for the performance of programs and projects
- Helps in assigning the right person to the right program or project
- Provides a means to assure and ensure the success of programs and projects
- How it benefits your organization
- Ensures and assures implementation of standards
- Facilitates the creation of a learning organization
- Aids in the growth of PM Maturity
- Helps fact-based decision making that improves time2market, quality2market and cost2market
PARTNER WITH US
PM Academy partners with you to develop a 'Center of Excellence' (COE) within your organization for supporting present as well as future development needs.
A COE can help institutionalize the development process within your organization by:
- Creating 'Mentor the Mentor' programs.
- Developing customized content development for emerging project needs.
- Taking care of the entire end-to-end training administration responsibility
- Scaling up training endeavors using training portal development (Customized learning portals for practice and assessment)
- Developing joint certification programs or other strategic initiatives.