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    PMO as a Service

    Let our Strategy help your Success

    First Derivative’s PMO as a Service is designed to centralise entire PMO operations, facilitate outsourcing PMO functions and/or enhance your existing PMO with specialist resources.

    First Derivative offer four models that provide tailor-made PMO creation, project governance, PMO augmentation, issue root cause issue analysis, enhancement implementation, tailored training programmes and more.

    Why First Derivative

    PMOs can provide significant value to a business but poorly run PMOs are destined to fail.​

    The Project Management Institute (PMI) discovered that that 3 out of 4 PMOs will close in the first 3 years.​

    PMOs fail for reasons including:​

    • Inexperienced Project Managers & PMO Staff​
    • Stakeholders are not fully committed to the PMO​
    • Poor resource management​
    • Unclear or overdone governance​
    • The PMO is perceived as offering little to no value​

    We aim to deliver value from Day 1 and engage with stakeholders at all levels for input.

    We focus on gaining trust through objective setting exercises, consistent reporting and enhanced communication.

    Our Leadership team consists of highly skilled PM and PMOs who provide remote mentorship to PMO aaS projects.

    How We Measure Up?

    Governance

    We created an in-house governance model that manages project methodologies, risks, issues, status updates, strategy alignments and more across our Division – Strategy2Success. This initiative was fully sponsored and endorsed by our Executive Leadership Team.

    Integration and Alignment

    Our Internal PMO team works with Delivery Team Leads and Project Managers across the Division to ensure milestones are met, issues are escalated, initiatives are aligned to quarterly goals and PMO best practices are followed.

    Processes

    Our Strategy2Success model provides all methodology aligned project collateral to consultants across First Derivative. Our model is adaptable, scalable and caters to a range of different organisations. We complete quality assurance reviews on documentation and advise on value & benefits management approaches.

    Technology & Data

    We leverage our Global Solutions structure to partner with our Technology and Engineering teams to delivery end to end solutions backed by technology and innovation. First Derivative is a teams first organisation where knowledge and skills sharing is at the forefront of everything we do.

    People

    People are at the heart of everything we do. We recognise and reward strong performance and create a sense of community. We leverage our Team Structure across all our engagements meaning each and every PMO is supported by a team lead both internally and on client site. Our Internal PMO is on hand to provide training and support to our consultants.

    Service Model for Managed Service​

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    Governance

    Project Governance
    Controlled and managed by the COE; training, templates and procedures provided to project resources.
    Project Reporting
    Centralised and standardise reporting on all projects, programmes and portfolios.
    Analyse and Report KPIs
    From Monthly Project Snapshots, analyse status against plans to create and share useful planning insights.


    Support Finance PMO where applicable
    Be proactive in supporting wider PMO team with relevant project information.
    Methodology Definition
    Work on a bespoke project methodology process and provide guidance.
    Project Tooling
    Provide overview of best practice tooling and assist with implementation where required.

    Resource Management

    Resource Assessments
    Provides guidance on resourcing requirements based on previous projects, assumptions, costs and time.
    Resource Tracker Management
    Governance over project resources, provide staffing suggestions and deploying as needed. Understands conflicts and synergies across the organisation’s projects.
    Skills Centre
    Keeps log of key skills for all project resources for future projects.


    Career Management
    Provides career paths for aspiring project managers or PMOs. Recommends training and consults with resources on their professional development.
    Recruitment Support
    Supports recruitment teams with job specifications, role requirements and candidate profile reviews for current and future project needs.

    Governance

    Project Governance
    Controlled and managed by the COE; training, templates and procedures provided to project resources.

    Project Reporting
    Centralised and standardise reporting on all projects, programmes and portfolios.

    Analyse and Report KPIs
    From Monthly Project Snapshots, analyse status against plans to create and share useful planning insights.


    Support Finance PMO where applicable
    Be proactive in supporting wider PMO team with relevant project information.

    Methodology Definition
    Work on a bespoke project methodology process and provide guidance.

    Project Tooling
    Provide overview of best practice tooling and assist with implementation where required.

    Finance Management

    Establish Monthly Financial Snapshot
    Aligned to monthly steering reporting, analyst will reconcile monthly spend to establish a present and accurate financial position.
    Document, Process and Track all project expenditure
    Manage and track all project expenditure in a timely and organised manner.
    Analyse and Report KPIs & Trend Analysis
    From Monthly Financial Snapshot, analyse figures against budgets/ funding to create and share useful financial insights.


    Support G&R PMO where applicable
    Be proactive in supporting wider PMO team with relevant financial information (reporting, funding applications, closing reports etc…).
    Support Forecasting and Financial Modelling
    Support project managers with forecast modelling and implications against financial KPIs.
    Respond to adhoc financial requests
    Support any adhoc requests that arise from the project.

    Schedule Management

    Project Planning
    Provides visibility across all projects, programmes and portfolios that fall under PMO remit and provides guidance on plan creation.
    Task Breakdown
    Assist project managers with task breakdowns to ensure roles & responsibilities are understood.
    Task Tracking
    Provide and manage project tracking and assess progress against plans.


    Prioritisation and Strategy Management
    Understands the Organisation’s strategy and provides guidance on prioritising projects or deliverables based on the strategy.
    Future Planning
    Assists Organisation with future planning by ensuring projects and programmes align with portfolio objectives.

    Risk & Issue Management

    Risk Management Framework
    Defines and monitors risk management framework for all projects, programmes and portfolios.
    RAID Log Management and Reviews
    Creation RAID Logs with project manager. Chairs RAID Log review meetings and tracks actions as needed.
    Issue Reporting
    Ensures issues are correctly logged per Organisation’s procedures and escalated to Steer or ExecCo.


    Organisation or Strategic Risks
    Central tracking and reporting for Organisation-wide risks including Commercial, Reputational, Environmental, Cultural etc.
    Project Audits
    Audits projects, programmes and portfolios to ensure all risk management procedures and record management processes policies are followed.
    RAID Training
    Provides training and guidelines to PMs and new joiners on RAID processes

    Quality Assurance

    Documentation Reviews
    Quality control for documentation to ensure the content meets stakeholder expectations, methodologies are in line and correct templates are used.
    Quality Assurance Review
    Formal reviews with projects, programmes and portfolios to check for quality issues that may impact project deliverables.
    Gate or Stage Reviews
    Regular guidance with project teams on the attributes required to pass a Stage. Hosts the sign off meetings


    Knowledge & Template Library
    Creates template library in line with Organisation’s methodology including all project related documentation and training.
    Governance Support
    Provides support directly to project team members on templates, processes and methodologies.

    How our Training can benefit you​​

    We understand that one of the critical success factors is to have the ability to scale with quality resources who can hit the ground running with all the required competencies needed to deliver. Our internal PMO training academy has been designed using client expertise and industry best practice to ensure that we deliver consistent high standards.​

    World class CMTP training programme: Something that sets us apart from traditional PMO offerings is that our people are data focused and understand the importance of Data quality and control from Day 1.

    Strategy2Success is First Derivative’s in house PMO Training academy that equips our resources early in their career with the knowledge and tools required for successful programme delivery.

    We are committed to investing in our People so that they can add value to your organisation. We have CAPM accredited resources ready to start immediately.

    We take our Oversight and support obligations seriously and are committed to providing experienced resources that can mentor and guide any staff both remotely and In person.

    We are Passionate about Best Practice with an appetite for continuous learning and improvement. We have proven experience in running PMO masterclasses on Tooling and practices both internally and for our clients.

    Curious to know more?
    First Derivative is available to help

    First Derivative is eager to help you navigate your journey and provide the support and expertise to comprehend the complexities and challenges that organisation your might have.

    Contact us today

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