Washington DC: The US Government Accountability Office (GAO) just released on March 12, 2020, the new update of their standard COST ESTIMATING AND ASSESSMENT GUIDE: Best Practices for Developing and Managing Program Costs. This update received contributions and reviews from a panel of selected international experts, including Alexandre Rodrigues, Executive Partner of PMO Projects Group. This GAO Standard is publicly available here.
Moscow: Russia's publicly owned State Atomic Energy Corporation, ROSATOM, is currently enrolled in the development of an internal Project Management methodology called TCM-NC based on AACE's Total Cost Management framework adapted for nuclear construction. An international workshop was organized bringing together some of the world experts in Cost Engineering, formally appointed by ROSATOM to deliver counseling. Alexandre Rodrigues was invited to present the EVM control method.
London: The acclaimed seminal book Advances in Project Management covers key areas of improvement in understanding and project capability further-up the management chain. Drawn from some of the world’s leading practitioners and researchers, including Dr. Alexandre Rodrigues, and compiled by Professor Darren Dalcher of the National Centre for Project Management (UK), this book provides new approaches and novel perspectives that will improve decisions.
Europe: one of the most important research projects in medicine and computer science ever funded by the European Commission, this project was aimed at making significant advances in the forecasting of epileptic seizures. PMO Projects was contracted as the partner company to implement Project Risk Management.
Astana: the North Caspian Operating Company in Kazakhstan selected PMO Projects Group to train their professionals in Cost Engineering and Project Controls (Earned Value Management). PMO Projects Portugal was selected as an European company accredited by the Association for the Advancement of Cost Engineering International (AACE) as an Approved Education Provider (AEP).
Sofia: the Canadian based international mining company Dundee Precious Metals, acquired PMO Projects Portugal services to receive advise on how to implement the Earned Value Management (EVM) method as the basis to control their projects, in particular at Chelopech in Bulgaria. An EVM seminar and workshop delivered by PMO Projects for Chelopech took place in Sofia.
Maputo: the company MOZAL from the Australian based BHPBilliton international group - one of the world's largest producer of aluminum and one of the most important companies for the sustained development of the Mozambican economy - has established what is currently a 14 years long partnership with PMO Projects Group to develop and improve their internal Project Management competencies and processes through both training and consultancy.
Belo Horizonte: The Brazilian company Samarco, assessed by the Exame magazine as the Best Mining Company of Brazil and the second largest in its sector, selected PMO Projects Brasil for the implementation of the project control method Earned Value Management (EVM). The support of PMO Projects will focus on defining the processes of project and portfolio management aligned with the latest international standard from PMI: the Practice Standard for Earned Value Management (2nd Edition). The work now underway initiated in January 2014.
Barquisimeto: one of the largest construction companies in South America, Odebrecht Engineering and Construction, selected the companies PMO-Projects-Brazil and PMO-Projects-Portugal to implement an integrated project risk management process in a mega-construction project in the industrial production sector, currently underway in Venezuela. This engagement was initiated in May 2013 and extended throughout 2014, following the project's execution.
Johannesburg: since May 2013, the world's largest producer of steel, has been selecting on a continuous basis PMO Projects South Africa in order to train their Project Managers based on the international standards from the Project Management Institute (PMI), by performing one of the most internationally renowned courses in our portfolio: the Complete Project Management®. The last two editions were held at ArcelorMittal Vanderbijlpark, South Africa.
The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the "congressional watchdog," GAO examines how taxpayer dollars are spent and provides Congress and federal agencies with objective, reliable information to help the government save money and work more efficiently.
For example, the GAO identified $214.7 billion in financial benefits in fiscal year 2019—a return of about $338 for every $1 invested in us. They also identified 1,418 other benefits that led to program and operational improvements across the US government.
Legislators, government officials, and the public want to know whether government programs are achieving their goals and what their costs are. To make these kinds of evaluations of the latest ship, IT system, or other acquisition, reliable cost forecasts and updates are required.
The GAO developed this guide, initially published in 2009, to provide agencies across the government with a way to produce reliable, high quality cost estimates. It outlines key steps in the estimating process.
The guide includes improved descriptions of cost estimating steps, additional technical information, and an updated format.
Learn more about this standard and the US GAO here.
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