Question
Summary and Background of the Company: R N Realties LLP is a well-established medium size Construction Company that has its base in Mumbai, India. The
Summary and Background of the Company:
R N Realties LLP is a well-established medium size Construction Company that has its base in Mumbai, India. The companyhas been in the field of construction for more than 35 years and is conducting business in 2 states of India namely, Maharashtra and Chhattisgarh. The company is into Building Construction Projects as well as Building Development Projects. The company undertakes a role of main contractor for small or medium size projects ranging from a valuation of 5 Crore Indian Rupees (8,50,000 CAD) to 70 Crore Indian Rupees (118,50,000 CAD). The company has successfully completed over 45 projects in the state of Maharashtra and has ongoing 7 projects in Maharashtra and 1 project in Chhattisgarh.
The company has achieved substantial growth in business over the last 5 years. Today, the company is now undertaking 5-8 projects at any given point in time. It has a staff of 30 professionals and more than 150 non-professional employees.
The company undertakes the following of projects in the construction industry:
- Residential Construction
- Commercial Construction i.e., offices and industrial units
- Government Construction i.e., PWD Buildings
- Sub-contracting
- Supply of Labour and/or Material
Website Link for UMA Realties:https://umarealties.com/
Why this organization was selected:
- As mentioned in the summary, R N Realties LLP has been conducting business for the last 35 years but has seen potential growth in their business over the last 5 years. This potential growth is in terms of a varied and size of the project to which the company does not have the required management team to execute the projects in an effective manner.
- As the business is growing, the company is lacking the required number of Professionals required to manage the projects in hand and to acquire new projects. This lacking professional quotient has led to the selection of projects which are not oriented toward the company's goals and core strategies which in turn leads to potential loss to the company both in terms of time and money.
- The company has been lacking templates, standard procedures, and coordination in the different departments which is creating gaps in the execution of activities in the projects. This also has been leading to an excessive workload on human resources.
- There is an absence of a finance department for regulating the cash flows which is leading to virtual financial lagging in managing the project.
Based on the above-mentioned potential problems, we believe that establishing a PMO would aid R N Realties LLP in improving its project delivery and project/portfolio selection process which will boost the existing growth of the company.
Justification for the need for a new PMO:
- As R N Realties LLP is developing and growing from a small firm to a mid-size firm a standard project management methodology is absent which a PMO would aid in creating.
- R N Realties has been executing numerous projects in the past 5 years and management finds it challenging to manage multiple projects with the same team which would then be assisted by a PMO when INVENTED.
- A PMO will help the company to BUILD a standard template of procedures, directives, and techniques so that the project teams can apply them uniformly across all the projects in execution within the organization.
- A PMO will help R N Realties LLP in managing the resources in an efficient and effective manner which would promote smooth execution of projects.
Question:
PMO Build-out Steps:
1.Step 1: PMO Execution Plan
2.Step 2: Methodology
3.Step 3: Build Processes
4.Step 4: Implement Tools
5.Step 5: PMO Functions
6.Step 6: Interaction Model
7. Step 7: Governance Model
Functions are to be built as a result of the following steps:
8.Related deliverables
9.Updated roadmap
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