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October 26, 2017

PLD Meetup – “Use Your PMO to Improve Risk Management”

Farwell’s Professional Leadership Development (PLD) Meetup for area project management leaders convened on Friday, September 29th, 2017, and featured a presentation from Shawn Belling. Shawn’s presentation focused on how an organization’s PMO can play a strategic role in mitigating risks.

Discussion Theme:

The PMO brings a strategic perspective as well as additional tools and resources to risk management. Distinct from risk management at the project level, the PMO can provide and/or enforce standardization and consistency of process and tools, which in turn assures that risks are managed consistently in projects, programs, and portfolios.

Further, the PMO offers this perspective appropriate to its role in each organization. In some cases, the PMO offers common best practices and common tools for project managers to use. In others, the PMO enforces common risk management practices and tools to assure consistency across the business.

  • The PMO has a unique view of project risks
  • Multi-project, program, portfolio views provide high-level perspective
  • Enables perception, detection, analysis of risks at higher level
  • Different processes and approach than project-level risk management
  • PMO is a resource to PMs on risk management