Home
>
Executive Report
>
Features
The Lean PMO
Derek Stevens
(November 17, 2008)
|
|
When establishing a PMO, many organizations focus on improving project management skills, techniques and processes. However, starting at the portfolio level — to eliminate low-value projects and calibrate the demand for IT services with the capacity to deliver — provides a quicker path to value. Lean Six Sigma principles can help.
When trying to determine what type of PMO — Project, Program or Portfolio — Management Office to establish, or where to spend the bulk of the money and resources of the PMO, most organizations take the hardest path to value. They start with a Project Management Office, believing that only by maturing from project to program to portfolio management, will they be able to demonstrate PMO value.
The rationale frequently focuses on the usual statistics; more than 30 percent of projects don’t finish at all, and 60-plus percent of projects are “challenged” in some way. The solution seems obvious — improve project delivery rates and customer satisfaction by implementing project management skills, standards and processes. I would never advise anyone not to improve their project management processes and skills. However, the rationale to follow a path from a project to program to portfolio focus is a strategy that is flawed for two basic reasons.
1.
Please login/register to read the entire article.
Sponsored Announcements and Special Offers
|
Join us July 29th for a live 1-hour webinar: The Power of Virtual Collaboration in Project Management and learn how stakeholders and team members dispersed across the globe keep everyone informed, involved and on track. Hear Terrence Gargiulo, President of MAKINGSTORIES.net, share real-life stories of how companies use virtual collaboration technology to address these challenges and effectively manage projects.
2009 Resource Planning Summit, June 29-30, Chicago
Resource Planning is essential to product development where "time to market" and innovation are crucial. Hear testimonials from Medtronic, Motorola, Wyeth and IDEXX. Learn why you are not getting the juice out of your Resource Planning and earn PMI PDUs! CLICK HERE FOR MORE
On-campus Summer courses still available. Whether preparing for the PMP or needing PDUs to stay up to date, UC Berkeley provides top-notch instructors and valuable information you can use right away.
Free White Paper, Learn how a new approach to IT Governance speeds implementation. Click here to download.
The Stanford Advanced PM Certificate Program provides professionals with advanced tools and techniques to strategically execute projects, programs, and portfolios. Learn more about 2.0 in action.
|
|
|
|
|