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5 reasons why project management is a no-brainer for your rapidly growing startup

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The concept of project management sounds taboo-ish when discussing it in the dynamic spheres of rapidly growing startups. The term has connotations of the anti-startup: the big, heavy, and slow enterprises that require everything to be done rigidly.

In reality, whether you’re in the “search”, “build”, or “grow” stage of your startup, or whether you consider yourself a scale-up; your investors, advisors, and biggest fans expect you to exercise project management at your company.

Here’s why.

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The first thing to do when setting up a PMO

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Setting up a Project Management Office (PMO) can appear to be daunting. And let’s not kid anyone. It is. It actually is. It requires careful planning, deliberate relationship building, flawless execution and continuous improvement. Throw in a mix of doubters, “we’re not going to change”-ers, and differing demands, it makes the situation even more challenging.

It could lead to one resorting to endless planning, constant people pleasing, while stitching a roadmap with a shoestring.

Avoid it! Take over the steering wheel. And even if it takes time, this is the first thing you should do.

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[CASE] PMO: Chaos to order in 4 months at a Fortune 500 Insurance Giant

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Yes – you read that subject line correctly!

And in doing so, the Project Management Office (PMO) was able to:

  • Increase the confidence of stakeholders by improving the on-time/on-budget delivery of projects by 30%, and
  • Ensure that the company was well-positioned to achieve its goals by aligning the $50M project portfolio to the company’s strategies

Before all this though, the Canadian arm of the North American insurance leader (with a global presence) exhibited some key challenges including [Read more…] about [CASE] PMO: Chaos to order in 4 months at a Fortune 500 Insurance Giant

Setting a PMO for the first time? No PM experience? Wow them in 100 days!

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Everyone starts from somewhere, so it’s not totally far-fetched to think about someone setting up a Project Management Office (PMO) for the first-time. But to do so with NO project management experience?

Isn’t that unheard of?

Maybe.

Is that even possible?

YES!

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PMO Setup Hurdles (& Solutions) In 60 Minutes

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Have you heard of #PMchat? I hadn’t, until someone mentioned it to me lately and was blown away by it.

It’s been around for 5 years and brings together an amazing community of project managers and business leaders on Twitter for an hour every Friday to talk about best practices on various project management related topics. In fact, Inc Magazine names it one of the top “15 Twitter Chats for Every Phase of Your Business”!

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