Today, large organizations need to have a centralized methodology for the allocation and prioritization of resources. If there are metrics and tools in place, as well as accurate historical data, executives can more accurately measure the probability of individual project successes. Also, with this kind of information they can better predict the tangible benefits of allocating resources to a given initiative. A centralized methodology has to be able to predict a realistic ROI.
Creating this methodology would include:
- Establishing a project authorization process, in order for resources to be in alignment with the priorities of the corporation.
- Approving a set of standards and methods for the corporation to apply to all projects.
- Appointing an ongoing task force in charge of developing, maintaining and changing the corporate standards for procedures, processes, tools and templates.
- Developing a checklist of procedures, processes and tools to ensure that departments are utilizing best practices.
- Authorizing a comprehensive education and training program to enable the organization to apply consistent standards and improvement processes on a continuing basis.
Building a centralized project management methodology will not only enhance enterprise efficiency, but it will also generate a standards-based process infrastructure with a common language that can be used across the enterprise. This process infrastructure can support the direction and pace necessary to build the strong and evolving corporations that will be the business survival stories of the 21st century.
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