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Establishes an appropriate governance structure and obtains approval of the Co-Sponsors.
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Prepares the initiative's business case by defining the overall scope, objectives, budget and timelines.
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Approves the budget and timelines for the Workstreams in the Program.
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Sets and maintains the Program Culture that cultivates alignment, engagement and recognition and embraces empathy and collaboration.
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Provides direction and oversight to ensure successful delivery of the initiative objectives, including benefits realization.
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Approves all mandatory Program Management artifacts (e.g. charter, governance, management plan) as per the EPMO's requirements.
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Approves relevant setup documents (e.g. Charter/Objective) for individual workstreams/projects within the Program, and is informed of the progress for each Workstream/Project.
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Holds Accountable Workstream/Project Leads and other senior stakeholders accountable for realizing the benefits defined in the Business Case/OKRs/KPIs and providing high performing subject matter experts to support their respective Workstreams/Projects.
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Understands and monitors the risk profile of the Program/Projects including risks associated with delivery, change management, benefits realization, etc. in comparison with the Enterprise Project Management risk appetite thresholds; and is accountable for ensuring that all issues and key risks are addressed.
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Monitors the aggregated progress of Workstreams and Projects.
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Champions the initiative across BMO.
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Manages executive-level stakeholder expectations.
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Escalates issues and risks to Executive Sponsors when time/cost/scope objectives are to be exceeded.
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Updates regularly and requests approvals, as applicable, from the Executive Sponsors.
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Concurs on leadership roles, hiring and staffing decisions within the Program.
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Prepares the agenda for the Steering Committee and Decision Forum, and chairs supporting routines that provide the stakeholders the necessary visibility and support.
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Supports the Accountable Program Director with:
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Overcoming resistance to the initiative within the organization.
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Clarifying business priorities and strategy.
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Resolving / providing advice on escalated risks and issues.
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Establishing and maintaining an effective Program control environment to monitor and mitigate Program/Project Management Execution Risk, in support of the quarterly Commercial Bank PMRO attestation regarding the state of the PM controls environment
