Aligning Portfolio, Programme and Project Management with Business Requirements
"The benefits of a PMO are reported in numerous sources of literature, with various books, articles and companies attempting to address similar issues: project methodology and project controls. All PMO’s are directed towards the same outcome: allowing the company (via all of its projects) to support business strategic objectives - these include securing cost savings, providing faster responses to markets, accelerating new products introduction, addressing customer needs and managing change effectively and efficiently.
Companies need competitive advantage and are actively looking for:
- Reduction in new product/solution development time;
- Reduction in infrastructure (networks, data centers, etc.) delivery time;
- Reduction in bid response time;
- Faster product/service time to market;
- Reuse of knowledge and information;
- A reduction in customer service costs; and
- Development and management of increasingly intimate and tight trading relationships with key partners, suppliers and customers.
Managers do not want an increased workload simply to satisfy ‘project methodology reporting’ needs. They must be allowed to focus their current expert knowledge on delivering outcomes and to improve business performance. The objective of using a collaborative PMO approach is to eliminate the overheads currently associated with traditional methods of project management. Managers are required to focus on business deliverables, and only a PMO that uses a collaborative approach is able to provide this." [read .pdf] |