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This month's featured articles:

MetaPM review of the Ombudsman's Report into Victorian Government ICT-enabled Projects

The Victorian Ombudsman's recent report on the delivery of ICT projects in Victoria provides a confronting picture of the state of ICT projects in Victoria, drawing on extensive analysis and reviews of ten major initiatives such as Myki, LINK, CRIS, HealthSMART and others.

This article provides our review of the report, from a project management perspective. View Article.

Recent articles:

Project Management and ITIL

MetaPM is proud to unveil the new ITIL Foundation Version 3 course. The ITIL (IT Infrastructure Library) is an immensely popular best practice process framework in use in almost every large company worldwide, Its aim is to improve the IT Service Provider, whether they are an internal IT department or an external outsourcing company. View Article

What is ITIL® ?

MetaPM is very excited to announce the soon release of ITIL to its extensive suite of Office of Government Commerce (OGC) course offerings. View

P3O & Portfolio Management

Over a number of months MetaPM has described P3O® (Portfolio, Programmes and Project Offices) and its decision-support / decision-enabling model to assist senior management in their decision-making. Our newsletter article last month titled “Management of Portfolios (MoP®)”, described Portfolio Management in the context of balancing strategic decision-making in order to enable senior managers to determine the right investment in organisational change initiatives and Business-as-Usual (BAU).

Since then we have been inundated by readers seeking clarification on the relationship between the two Guides above and how this relationship works in practice within an organisational context. As a result, this article aims to draw the parallel between the two Guides along with an interpretation of how the relationship could work in your organisation. View

Management of Portfolio (MoP) Explained

MetaPM is very excited to announce the future release of Management of Portfolios (MoP™) to its existing suite of Office of Government Commerce (OGC) course offerings. MoP seeks to “fill the gap” currently experienced by business planners and organisational strategists with respect to balancing an organisation’s investment portfolio in terms of change initiatives and Business-as-Usual (BaU). View

Investment Logic Mapping (ILM) and Project Management

Recently many clients have asked us – “What are Investment Logic Maps (ILM) and how does it fit into project management?"
The ILM is part of the Investment Management Standard (IMS) which has been developed by the Victorian Department of Treasury and Finance. The standard was initially developed in 2004 after the requirement was identified to improve investment in individual initiatives throughout Victorian Government. Since 2004, the standard has been developed and improved and most recently was updated to Version 4 in 2010.
At the core of the IMS are two key elements: Two-hour informed discussions & The Investment Logic Map (ILM). View

Projects, Programmes & Portfolios - What do the terms mean, and how do they relate?

This short briefing paper has been written to assist people in navigating their way through the current widespread semantic confusion in the world of project management about the precise meanings of words like “programme” and “portfolio”, and how these relate to projects. View

The Value of Portfolio Management?

•   Why are we delivering these projects and not those ones?

•   How much should I spend on projects next year?

•   How do I know these projects will have value for the organisation?

These are some of the questions facing managers who are responsible for controlling projects within their division or their organisation. Projects and programs can be valuable tools in order to bring about change to the business however, it is vitally important that all projects provide a clear benefit to the organisation and should be clearly aligned with the overall goal of achieving strategic objectives. View

Project Management Offices (PMO) - Their true value

“What do you mean the software doesn’t interface properly with the mainframe system?” the CFO bellowed across the office, arriving back from leave to find the finance system unavailable. “The same thing happened when IT upgraded to the previous version three years ago. Didn’t anyone think to check it this time?” View

Centre of Excellence - What does it really provide?

Organisations are increasingly recognising the value of a Centre of Excellence (COE) as a means to support high level strategic direction and planning, as well as providing guidance and governance for program and project management. A COE ensures consistency and improves delivery across an organisation’s project and program portfolio ultimately leading to a greater delivery capability and confidence in project outcome success. View

Value of a P3O Model

P3O provides a decision-enabling/delivery-support model for all business change within an organisation. This may be provided through a single permanent office, which may exist under several different names i.e. Portfolio Office (strategy/organisation or business unit focused). View

Previous featured articles:

Advisory:

Enabling Project Success - Getting the Project Balance Right

Can Project Delivery Maturity Models help improve project results

pdf What is Methodology?

pdf 5 Tips to help Project Culture - Mark Walker (Delivery and Advisory Practice Leader)

pdf MetaPM PM Capability Improvement Overview

pdf MetaPM PMO Services Overview

pdf PMO's - What next? Interview with Gary Yorke (MetaPM Senior Consultant)

pdf MetaPM's - PMO Benefits and Challenges

pdf MetaPM's - Program Management Overview

pdf MetaPM's - Vista PM Day Presentation - PMO v0 1