6 Steps to Improve Time Tracking Compliance
By Simon Tang
Knowing where your employees spent their time is important. With this information, you can get a better idea whether your people have been spending too much time in some areas or too little in others. Time tracking is also one of the key activities for professional services companies. They rely on this data to invoice their clients. Even with a fixed price contract (that means the total dollar amount is predetermined), knowing how time was spent on the various project tasks will provide insights to the productivity of your project teams. Not having accurate data can be risky for the business. Furthermore, management needs accurate data to continuously improve on its project efficiency.
The one challenge that many companies face is how to get their people to log their time. There seems to be resistance to log the hours worked in a timely manner. Read the Complete Article
Pitfalls in Setting Up a PMO
By Simon Tang
Large corporations have been enjoying the benefits of having a Project Management Office (PMO) for awhile now. In the recent years, many small and mid sized companies have started to realize the need of having such a department to oversee the execution of their projects, both in-house and servicing external clients. According to PMI’s 2013 Pulse of the Profession, nearly 7 out of 10 organizations have a PMO, up from 6 out of 10 in 2006.
There are, however, a few things to keep in mind when it comes to implementing a PMO. I have listed five common pitfalls that have resulted in slow adoption rate or even complete failure to take the initiative off the ground. By avoiding these pitfalls, one can enjoy the benefits of having effectively managed projects.
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- Pitfall 1: Not establishing clear goals and objectives for the PMO
The first and foremost is to make sure that the goals and objectives for the PMO is established and clearly understood by all stakeholders.