1. McGraw-Hill/Irwin© 2008 The McGraw-Hill Companies, All Rights Reserved Oversight Chapter 16

2. 16-2

3. 16-3 Project Oversight A set of principles and processes to guide and improve the management of projects.

4. 16-4 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. 16-5 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. 16-6 Project Office  Unit responsible for:  Supporting utilization of project management methodologies  Training and assistance in project management  Documentation and champion of best practices

7. 16-7 Project Portfolio Cost Summary Report FIGURE 16.1

8. 16-8 Project Portfolio Schedule Summary Report FIGURE 16.2

9. 16-9 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. 16-10 Phase Gate Process

11. 16-11 Project Management Maturity Model

12. 16-12 Unresolved Issues How far can virtual project management evolve? How do we manage projects under high levels of uncertainty?

13. 16-13 Project Management Career Issues Career Paths Temporary Assignments Pursuing a Career Professional Training and Certification Gaining Visibility Mentors Success in Key Projects

14. 16-14 Key Terms Balanced Scorecard Mentor Oversight Phase gating Portfolio management Project management maturity Project office (PO)