Choosing the Right PMO Vision: 4. Value Assessment- What Is It?
Once you agree on the problem that is being solved with a PMO deployment, and you have a pretty firm understanding of the PMO model and vision at the executive level, you are ready for a full blown value assessment effort. This is NOT an excel spreadsheet exercise. It is not a gap analysis with a lengthly “as is” and “to be” determination yielding bookshelves of diagrams and charts.
It IS an exercise that yields the following activities and results:
1. Clearly identify, analyze and agree upon problem/challenges/issues, the solution and the value of the solution, i.e., the business case for the PMO. This is where the rest of the organization gets involved with understanding the problem and the vision.
2. Create a preliminary implementation plan and value road map for a PMO and project portfolio management business processes.
I lovingly call the first item “PSV” for Problem, Solution and Value statement. The process of selling the doing of the value assessment to executives is a small project in and of itself. The PSV is something that should be initially worked up with whatever information you have from the previously posted “key considerations” and “senior executive pain” discussions; this PSV framework will be enhanced with detail gained from the value assessment; the PSV will always be the framework for presentation of value assessment results.
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, Value Selling Projects
0 opinions for Choosing the Right PMO Vision: 4. Value Assessment- What Is It?
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: