1. Oversight
Chapter 16

3. Project Oversight
A set of principles and processes to guide and improve the management of projects.

4. Oversight (cont.) At the Organization Level: Project selection
Portfolio management
Assess and elevate maturity level of project management system
Review progress on strategic priorities

5. Oversight (cont.) At the Project Level: Review project objectives
Resolve issues raised by project manager
Track and resolve bottlenecks
Review status reports
Audit and review lessons learned
Authorize major scope changes
Cancel the project

6. Project Office Unit responsible for:
Supporting utilization of project management methodologies
Training and assistance in project management
Documentation and champion of best practices

7. Project Portfolio Cost Summary Report
FIGURE 16.1

8. Project Portfolio Schedule Summary Report
FIGURE 16.2

9. Phase Gate Methodology
A structured process to review, assess, and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals

10. Phase Gate Process

11. Project Management Maturity Model

12. Unresolved Issues How far can virtual project management evolve?
How do we manage projects under high levels of uncertainty?

13. Project Management Career Issues
Career Paths
Temporary Assignments
Pursuing a Career
Professional Training and Certification
Gaining Visibility
Mentors
Success in Key Projects

14. Key Terms
Balanced Scorecard Mentor Oversight Phase gating Portfolio management Project management maturity Project office (PO)