Cordova Technologies Institute is a technological research institute operating in the energy sector. It has a...
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Cordova Technologies Institute is a technological research institute operating in the energy sector. It has a growing number of R&D projects which are becoming more complex in terms of size (larger budget and number of people involved) and in terms of different knowledge bases being required (e.g. electrical engineering, mechanical engineering, computer systems engineering, product design and informatics). The institute is planning to implement a Project Management Office (PMO) for the management of such projects. The organisational structure of the institute has been predominantly functional, and the institute is moving to functional matrix type of organisation. The Managing Director has hired you as a consultant to implement the PMO and they have asked for some information and clarifications: a) How can the return-on-investment (ROI) be measured as a result of implementing the PMO? Identify and explain ways of measuring them. Note that this question refers to the investment in the PMO, and not to how the PMO measures the ROI of projects. [4 marks] b) There are risks in using a PMO. Identify and explain them. [3 marks] c) Identify the potential types of PMO, explaining to the Managing Director what kind of services each type would provide to the institute, and under what conditions each would be appropriate. [5 marks] d) The Managing Director is concerned about the alignment of the projects with the institute's strategy. You have recommended that he establish a Governance Council, in addition to the PMO, to ensure that projects are aligned with the institute's strategy. However, you have warned the Managing Director about the "balance of power'. What is meant by the balance of power'? [3 marks] e) The Managing Director wants to know how the PMO is going to be staffed. Identify the main types of staff for the PMO and explain their roles. [5 marks] Cordova Technologies Institute is a technological research institute operating in the energy sector. It has a growing number of R&D projects which are becoming more complex in terms of size (larger budget and number of people involved) and in terms of different knowledge bases being required (e.g. electrical engineering, mechanical engineering, computer systems engineering, product design and informatics). The institute is planning to implement a Project Management Office (PMO) for the management of such projects. The organisational structure of the institute has been predominantly functional, and the institute is moving to functional matrix type of organisation. The Managing Director has hired you as a consultant to implement the PMO and they have asked for some information and clarifications: a) How can the return-on-investment (ROI) be measured as a result of implementing the PMO? Identify and explain ways of measuring them. Note that this question refers to the investment in the PMO, and not to how the PMO measures the ROI of projects. [4 marks] b) There are risks in using a PMO. Identify and explain them. [3 marks] c) Identify the potential types of PMO, explaining to the Managing Director what kind of services each type would provide to the institute, and under what conditions each would be appropriate. [5 marks] d) The Managing Director is concerned about the alignment of the projects with the institute's strategy. You have recommended that he establish a Governance Council, in addition to the PMO, to ensure that projects are aligned with the institute's strategy. However, you have warned the Managing Director about the "balance of power'. What is meant by the balance of power'? [3 marks] e) The Managing Director wants to know how the PMO is going to be staffed. Identify the main types of staff for the PMO and explain their roles. [5 marks]
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a Measuring the returnoninvestment ROI of implementing the PMO can be done in several ways Cost Savings Measure the reduction in costs achieved through improved project management practices such as st... View the full answer
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Global Marketing management
ISBN: 978-0470505748
5th edition
Authors: Masaaki Kotabe, Kristiaan Helsen
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