Establishing PMO Standards & Metrics Assignment

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Question Description

Standards and metrics are an essential aspect of the project management office (PMO) practice management. The purpose of this assignment is for you to understand and synthesize the application of PM standards and metrics as an integration agent for enabling PMO success.

For this assignment, address the following items:

  • Define PM standards and metrics in context of the PMO.
  • Based on a scenario of implementing a PMO in a medium-size organization:
    • Identify the types of PM standards needed, designate which are the most important two or three standards for successfully establishing a PMO, and explain why.
    • Describe three key metrics needed to guide a new PMO.
    • Identify the information technology needed for the implementation of PMO standards and metrics.
  • Summarize how the integration of standards and metrics enables the successful implementation of a PMO.

Your responses to these items should meet the following requirements:

  • The paper should be 2 single spaced pages in length. In addition, include a title page and reference page.
  • Cite at least three current scholarly resources to support your assertions.

Tutor Answer

TheGradeBooster
School: Rice University

Attached.

Establishing PMO Standards and Metrics
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Define PM standards and metrics in context of the PMO.

In the context of PMO, standard refers to set of rules or measures that are meant to
ensure a sense of uniformity in the management of project. On the other hand, metrics refers
to quantifiable measures used for tracking, monitoring and assessing the success or failure of
a project. Metrics normally call for input of key stakeholders in a project regarding the
metrics that matter to them (Kerzner, 2017). The PMO has to define and agree on specific
metrics with the stakeholders for the purpose of demonstrating that it provides value for the
business. It is worth noting that project managers can create different project management
metrics based on the complexity and the objective of a project.
Type of PM standards needed
There are several types of standards in project management. The main standards that
could be used in this scenario include PRINCE2, v model and the total cost management
framework.
PRINCE2
Studies show that PRINCE2 is the de factor process based standard for effective
management of projects. This standard emphasizes on division of a project into manageable
as well as controllable stages. PRINCE2 standard has six aspects, which are also referred to
as performance goals or tolerances (Hinde, 2018). They are also KPIs. They include scope,
tim...

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Anonymous
awesome work thanks

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