Portfolio and Project Management
TPPs Portfolio and Project Management practice focuses on the anchor points for an effective IT governance framework to increase the successful implementation of key business-related projects.
TPP offers a full suite of services, including:
Project Portfolio Management
TPP's Portfolio Management service implements key processes that identify, prioritize and approve projects based on hard economic measures, business strategies and technical architecture.
Project Portfolio Management allows CIO's to gain more control over project requests; track every request through the approval process and provide IT Project spend information. Portfolio Management directly engages senior business management in the prioritization and approval of IT projects increasing the 'partnership' between the business and IT.
Project Management Office (PMO)
Industry studies show that 90% of projects do not meet time/cost/quality targets. 69% of those project failures are due to improper implementation of project management methodologies (inadequate project management implementation, lack of communication and unfamiliarity with scope and complexity.)
PMOs are focused on maximizing value while minimizing risk. TPP implements PMO frameworks and processes using proven workshop techniques to 'right-size' the project management environment. TPP assists in implementing repeatable, standardized processes based on industry best practices like PMBOK; establishing performance metrics; and instituting review cycles - all geared toward achieving project goals.
Project Maturity Assessment
PMOs are very powerful assets. Organizations have PMOs of all sizes and with different structures of roles and responsibilities. Many companies need for their IT groups to implement projects faster in order to more quickly realize the targeted business benefit.
How do you determine if your PMO is 'right-sized' for your situation and needs? TPP has a proven approach for answering that question.
TPP's Project Maturity Assessment includes two key assessment steps. First, TPP measures the maturity of your PMO in each of the 9 Key Process Areas defined within the PMBOK Guide. Then TPP reviews your key project deliverables using the 5 key PMBOK Project Management Process Groups. The results identify gaps in the current project management processes, techniques and deliverables and provide a foundation for prioritized, structural and sequential improvements for your PMO.
Mergers and Acquisitions Program Management
Often the primary business goal of an acquisition is to integrate the acquired business entity in order to realize synergies and structural benefits at the earliest opportunity. An acquisition requires detailed planning to successfully incorporate the acquired entity into an enterprise's business model as expeditiously and transparently as possible.
TPP has developed a proven, comprehensive and systematic master plan that addresses all parts of an Acquisition Integration Implementation, including requirements definition, review of the acquired organization, processes, application software, hardware, communications, applications, testing, data conversion, resources, education/training and post-implementation support.
TPP has developed an Acquisition Integration Road-map that sets the framework for integrating the acquired organization into the existing environment. TPP's senior Program Managers assist project teams through the stages of a project providing the structure and guidance required to successfully implement an Acquisition Integration Road-map.
Project Performance Assessments
One thing that key projects have in common is high risk, driven by the effects of compound changes. One way to manage risk is through strong Program and Project Management. However, when project teams become immersed in the daily project detail, they often lose their independent perspective and, at times, just flat run out of enough cycles to cover everything.
Based on the industry best practices used to manage quality and reduce project risks, TPP has developed a service that we call Project Performance Assessment (PPA). Our PPA is designed to (1) reconnect the project to the larger picture from a business and IT perspective, (2) highlight and mitigate on-going project risks and issues and (3) help move the project forward achieving the defined business impact.
Project Performance Assessments are best initiated up front and integrated into the overall project plan. The primary deliverable is a Project Performance Assessment at each of they key project milestones or tollgates. This service is intended to be more than just an "audit". While still retaining the independence required for the role, the TPP Partners will at the same time engage with the Project team and Project sponsors to proactively focus on the measures of project success.
PMIS Design & Evaluation
A Project Management Information System (PMIS) contains the information essential for initiating, planning, executing, controlling, and closing a project. How do you know if you need a PMIS? When you can't provide an accurate and timely status of your project or when you lack tools to facilitate effective team collaboration or when you can't find project documents due to inefficient document management.
For project managers, a PMIS performs a mission-critical role by detailing a complete picture of all projects in your enterprise through all the phases of the project life cycle. TPP assists its clients in the development of their PMIS design and taxonomy. Based on your PMIS requirements, TPP evaluates the leading PMIS system providers to identify the most appropriate solution.