Expanding the Value and Reach of the PMO

[ Login/Subscribe ]

Features

Departments

PPM

Tools

Executive

Resources

About Us

Home > Executive Report > Sponsored Content

Expanding the Value and Reach of the PMO
Terry Doerscher (April 16, 2007)

In part three of this PMO 2.0 white paper series, the author introduces the concept of the Management Integration Center as a means of establishing a center of excellence to develop the expertise and capabilities to run technology services like a business.

In the previous installments of the PMO 2.0 white paper series, the author explored how the world of project management has changed, limiting the effectiveness of traditional project management techniques in today’s fast-moving, knowledge-based, technology-oriented service organizations. The author also discussed the relationship between supply and demand in these organizations, and explained how the PMO must go beyond project or even portfolio management to include financial and organizational capacity management.

As previously discussed in the PMO 2.0 series, the application of traditional project management techniques in today’s knowledge worker organizations has yielded little success. Billions of dollars are lost each year due to poor planning, and less than 30 percent of all projects are successfully completed. To reverse this unsettling trend, PMOs must go beyond project and portfolio management to balance demand for resource and financial capacities across the enterprise.

Significant operational efficiency increases of 20 percent or more can be expected when organizations implement a center of excellence to focus on business functions and better align work with money and resources across the organization.

Typically, organizational processes are operationally structured into three distinct levels: strategy, management, and development.

Please login/register to read the entire article.

Sponsored Announcements and Special Offers

Project Management Software That Breaks the Mold - Is your team is struggling under the weight of outdated schedules, multiple spreadsheets, and mountains of email? Get organized, get visibility, and save up to 3 hours a day with LiquidPlanner. Scheduling has never been easier with drag-n-drop prioritization that fits the way YOUR team works. Free for 30 days.

Resource Planning Summit, Sept. 19-21, 2010, La Jolla, CA - Resource Planning is HOT today! Opening Keynoter Mike Hanford, Research Director at Gartner, will describe why, and what firms must do about it. Nine industry speakers will describe the startling results they have achieved. If you have anything to do with resource management, register NOW!

ProjectWorld® & World Congress for Business Analysts® is the premier conference for advancing collaboration through practice. The high level content cannot be found at any other industry event because it stretches far beyond the fundamentals to provide leadership, strategy and enterprise wide information - exactly what you need to be more valuable to yourself and your organization.

Are you ready to gain the highest recognition for a BA and apply the best practices defined in the Business Analysis Body of Knowledge®? Let us help you prepare for Certified Business Analysis Professional® certification with our CBAP® Exam Prep Course. We also provide CBAP® Application Workshops (free webinars) to help you successfully get approved for the CBAP® application.

Are your Business Analysis Skills Current? Business analysis is not just about IT requirements anymore. Organizations are looking for a new breed of professionals to bridge the business and technology gap with value-centric solutions. Develop the fundamental skills and best practices you need to stay ahead of changes in your field with our business analysis training offerings.

@task
BAM! BA Newsletter
BAMentor
IIL
Keller Graduate School
LiquidPlanner
Management Concepts
Microsoft
PM War Stories
PPM Executive Newsletter
Resource Plan Summit '10
RMC Project Mgmt
Stanford University
Walden University

September 2010:

What are the main reasons that projects fall behind schedule?