Establish a Formal Approach to Review Projects for Risk

 

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Project management offices (PMOs) at best-practice organizations have established a formal approach to review the budget, risk, and resourcing of projects in order to preemptively identify and mitigate risk. The benchmarking study found that best-practice organizations take a rigorous, systematic, and proactive approach when it comes to project management.

In this article, derived from APQC’s Effective Project Management Offices best practices report, DTE Energy, Organization A, and The United Illuminating Company (UIL) reveal how their PMOs analyze the risk factors of potential projects.

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