Cooking projects in a PMO
It takes more than ingredients to create a meal, and it takes more than resources to manage a project. You need to have standards (cooking temperature), documentation (recipes), guidance (cooking shows), economies of repetition (making meals every day), and metrics (your taste testers). Your kitchen is the project management office (PMO) of your meals.
Measuring project client profitability
In their efforts to maintain business viability—and keep staff gainfully employed—some project-oriented businesses can be tempted to take on projects with narrow profit margins. They then tend to over-deliver to retain the client’s business in an aggressively competitive marketplace.