Defining the Role and Scope of SIB PMO PPT
This PPT slide, part of the 126-slide Capital Optimization Guide PowerPoint presentation, outlines the essential role of the SIB Project Management Office (PMO) in executing projects effectively. It begins by highlighting the consolidation of a previously fragmented execution structure into a single PMO, now overseen by the newly appointed General Manager SIB. This centralization is aimed at streamlining project management and enhancing accountability.
The left section of the slide details what the SIB PMO is. It serves as the primary vehicle for project implementation, guiding projects from inception through to close-out across all phases of the APW. The PMO is tasked with delivering the promised business value from project proposals, thereby maximizing shareholder value. It operates within a matrix structure, leveraging support from key organizational functions. Collaboration with Operations is emphasized, particularly in identifying and addressing root causes of any issues that arise during project execution. Resources are allocated to ensure these objectives are met.
Conversely, the right section clarifies what the SIB PMO is not. It explicitly states that the PMO should not be viewed as an extension of Operations. Its responsibilities extend beyond mere execution and construction; it must also ensure proper front-end design. Importantly, the PMO cannot delegate accountability for project implementation and outcomes to third-party contractors. This distinction underscores the critical nature of the PMO's role in maintaining oversight and ensuring project success.
Overall, the slide presents a clear framework for understanding the SIB PMO's responsibilities and limitations, reinforcing its importance in delivering value through structured project management.
This slide is part of the Capital Optimization Guide PowerPoint presentation.
This framework was developed by a team of consultants for a large blue chip company and can be replicated across industries.
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Cost Reduction Assessment Capital Structure Project Management Shareholder Value Maximizing Shareholder Value PMO
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