PMO - what is it?

[aussielong]

I thought that the traders were the kings in the front office investment banking world?

MUN- most traders are monkeys putting on client orders. I earn twice what most of them do. Only the head traders make serious dough. If you can get stuff working fast, reliably, you can contribute more to the bottom line than a lot of traders. Lot of rich traders are simply lucky that they got put on a big deal, and got big commission off it.

Minestrone- Have you worked out what your program does yet you thick twat.

[Peoplesoft bloke]

Ex-Partner is PMO. It provides the ideal outlet for her nasty Nazi control-freakery and micromanagement and creates a suitable illusion of doing something important with spreadsheets. Predictably, she used to work in HR.

[doodab]

They are there to look nice and massage the egos of senior management.

[MyUserName]

MUN- most traders are monkeys putting on client orders. I earn twice what most of them do. Only the head traders make serious dough. If you can get stuff working fast, reliably, you can contribute more to the bottom line than a lot of traders. Lot of rich traders are simply lucky that they got put on a big deal, and got big commission off it.

That is true I guess, ISTR the junior traders used to be on 5% commision for deals whereas the senior ones were on +/- 10% and the head ones were on more but, to be fair, that is going back about 10 years! One of the senior guys mentioned that it was mainly luck and having nerve, you only have to be right 51% of them time etc.

One of them made an absolute fortune on a trade when he guessed right and invested very heavily. Afterwards he simply told everyone "I don't give a **** what happens for the rest of the year!" and then spent the aftenoon in the pub. If only I had got into the industry a few years earlier!

[northernladuk]

A PMO can make or break a project IMO. A bloody good PMO can make a huge difference if they are carrying out the correct roles well. We have two on this project and they are worth their weight in gold.

[GazCol]

A PMO can make or break a project IMO. A bloody good PMO can make a huge difference if they are carrying out the correct roles well. We have two on this project and they are worth their weight in gold.

Only this - you're glad when a bad PMO isn't involved in a project but you'll do everything to get a good one on board.

[norrahe]

A PMO can make or break a project IMO. A bloody good PMO can make a huge difference if they are carrying out the correct roles well. We have two on this project and they are worth their weight in gold.

WHS, don't knock em if you have a good PMO