Choosing the Right PMO Vision: 2. Senior Executive Pain- Poor Results
Sorry executives! But poor project management processes are painful in many ways. Please don’t think I’m trying to rub salt into the wounds. These are discussion points to raise awareness of, and gain agreement on, the problem we are trying to solve. Hopefully, by now you see that the entire business is affected by how well you do project management and that a solution that addresses the entire company is required. Here are some, unfortunately, very common problems that create a lot of pain:
1. Projects are initiated without collaboration or coordination between functional areas. Project duplication and overlap requiring rework and cutting off projects mid-stream is extremely wasteful consuming dollars that could be focused elsewhere.
2. Resources multi-task between projects to serve functional executives. This close cousin to item 1. is often spun as good use of resources; executives like to see people working at, and over, capacity. The problem is that learning curves and project start up/reacquaintance times are drastically increased- every bit of this is waste and should be eliminated.
3. Inability to execute the correct portfolio of projects quickly enough to meet opportunities and threats. The process becomes so slow that the company cannot react properly. This results in a company stalling and not executing strategies- too little, too late becomes the mantra of the company.
Is this enough pain for you? Again, I apologize. The good news is that we are now positioned to creatively consider various PMO models and visions that can be applied to the situation. In the next few posts, we’ll look at a few models, their characteristics, the risk of failure and potential value of each. This should help us constructively summarize the key considerations and senior executive pain and begin offering a solution to the problem.
Tags: collaboration, execute-strategy, executive, governance-board, innovation, investment, lean, PMO, portfolio-management, project, project-management, project-management-office, project-portfolio-management, selling-projects, strategy, theory-of-constraints, value, value-sellingRelated Stories
POSTED IN: Choosing the Right PMO Vision, PMOs and Portfolio Management
0 opinions for Choosing the Right PMO Vision: 2. Senior Executive Pain- Poor Results
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: